HEDG vs. SCEP

Last updated Jun 4, 2026

HEDG (Equable Shares Hedged Equity ETF) and SCEP (Sterling Capital Hedged Equity Premium Income ETF) are both Equity Hedged funds. HEDG is passively managed, while SCEP is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. HEDG charges 0.96%/yr vs 0.65%/yr for SCEP.

Performance

HEDG vs. SCEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and Sterling Capital Hedged Equity Premium Income ETF (SCEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEDG achieves a 2.64% return, which is significantly lower than SCEP's 3.92% return.

HEDG

• 1D: 0.00%
• 1M: 0.64%
• YTD: 2.64%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCEP

• 1D: 0.05%
• 1M: 2.13%
• YTD: 3.92%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEDG vs. SCEP - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.64%	0.74%
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.92%	-0.50%

Correlation

The correlation between HEDG and SCEP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.79

Return for Risk

HEDG vs. SCEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) and Sterling Capital Hedged Equity Premium Income ETF (SCEP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HEDG	SCEP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.75	+0.85

Drawdowns

HEDG vs. SCEP - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum SCEP drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for HEDG and SCEP.

Drawdown Indicators

	HEDG	SCEP	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-7.25%	+3.40%
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.59%	+1.20%

Volatility

Volatility by Period

	HEDG	SCEP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	9.87%	-3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	9.87%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	9.87%	-3.97%

HEDG vs. SCEP - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than SCEP's 0.65% expense ratio.

Dividends

HEDG vs. SCEP - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, less than SCEP's 3.24% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.24%	0.38%

Frequently Asked Questions

Can I hold both HEDG and SCEP in my portfolio?

HEDG and SCEP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEDG or SCEP?

On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDG or SCEP?

SCEP is cheaper with a 0.65% expense ratio, compared with 0.96% for HEDG.

Which ETF pays a higher dividend yield, HEDG or SCEP?

SCEP has the higher dividend yield at 3.24%, compared with 1.84% for HEDG.

What is the main difference between HEDG and SCEP?

They also come from different issuers: Equable Shares and Sterling Capital. Their fees differ too: 0.96% for HEDG and 0.65% for SCEP.