Swan Hedged Equity US Large Cap ETF (HEGD) Sharpe Ratio: 1.89

HEGD's Sharpe Ratio of 1.89 indicates that for each unit of volatility, it generates 1.89 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HEGD Sharpe Ratio Rank

Exceptional

HEGD ranks above 80.2% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

HEGD Sharpe Ratio Market Positioning

The chart shows HEGD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.62 or lower
Yellow zone (middle 50%): 0.62 to 1.92
Green zone (top 25%): 1.92 or higher
Top 1%: 6.45+
Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Swan Hedged Equity US Large Cap ETF's Sharpe Ratio with other ETFs in the Equity Hedged category across multiple time periods, showing how HEGD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 4, 2026.

Symbol	Name	1Y Sharpe Ratio
MAXJ	iShares Large Cap Max Buffer Jun ETF	3.11
HECO	State Street Galaxy Hedged Digital Asset Ecosystem ETF	2.58
KSPY	Kraneshares Hedgeye Hedged Equity Index ETF	2.37
RFLR	Innovator U.S. Small Cap Managed Floor ETF	2.35
TRIO	MC Trio Equity Buffered ETF	2.17
HTUS	Hull Tactical US ETF	2.00
VAMO	Cambria Value and Momentum ETF	2.00
HEQT	Simplify Hedged Equity ETF	2.00
SIXH	6 Meridian Hedged Equity-Index Option Strategy ETF	1.94
SHUS	Stratified LargeCap Hedged ETF	1.89
HEGD	Swan Hedged Equity US Large Cap ETF	1.89

Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows HEGD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HEGD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does HEGD fit in your portfolio?

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