HEDG vs. XCLR

Last updated Jun 25, 2026

HEDG (Equable Shares Hedged Equity ETF) and XCLR (Global X S&P 500 Collar 95-110 ETF) are both Equity Hedged funds - HEDG tracks the Actively Managed while XCLR tracks the Cboe S&P 500 3-Month Collar 95-110 Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. HEDG charges 0.96%/yr vs 0.25%/yr for XCLR.

Performance

HEDG vs. XCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and Global X S&P 500 Collar 95-110 ETF (XCLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEDG achieves a 2.51% return, which is significantly higher than XCLR's 1.21% return.

HEDG

• 1D: 0.00%
• 1M: -0.07%
• YTD: 2.51%
• 6M: 2.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XCLR

• 1D: -0.24%
• 1M: -0.70%
• YTD: 1.21%
• 6M: 0.21%
• 1Y: 10.55%
• 3Y*: 13.24%
• 5Y*: —
• 10Y*: —

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

HEDG vs. XCLR - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.51%	3.20%
XCLR Global X S&P 500 Collar 95-110 ETF	1.21%	2.72%

Correlation

The correlation between HEDG and XCLR is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 13, 2025	0.82

HEDG vs. XCLR - Sectors Allocation Comparison

Sectors	HEDG	XCLR
Technology	38.7%	39.0%
Financial Services	11.1%	11.1%
Communication Services	10.8%	10.6%
Consumer Cyclical	10.0%	9.9%
Healthcare	8.3%	8.3%
Industrials	7.9%	7.8%
Consumer Defensive	4.6%	4.5%
Energy	3.2%	3.2%
Utilities	2.1%	2.1%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

HEDG vs. XCLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEDG

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

XCLR

XCLR Risk / Return Rank: 36
XCLR Sharpe Ratio Rank: 39
XCLR Sortino Ratio Rank: 37
XCLR Omega Ratio Rank: 38
XCLR Calmar Ratio Rank: 28
XCLR Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEDG vs. XCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) and Global X S&P 500 Collar 95-110 ETF (XCLR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HEDG	XCLR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.77	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.28	—
Martin ratio: Return relative to average drawdown	—	5.14	—

Drawdowns

HEDG vs. XCLR - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, smaller than the maximum XCLR drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for HEDG and XCLR.

Drawdown Indicators

	HEDG	XCLR	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-14.63%	+10.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.46%	—
Current Drawdown Current decline from peak	-0.76%	-1.56%	+0.80%
Average Drawdown Average peak-to-trough decline	-0.39%	-4.65%	+4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	HEDG	XCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.87%	8.37%	-2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	10.39%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	10.39%	-4.52%

HEDG vs. XCLR - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than XCLR's 0.25% expense ratio.

Dividends

HEDG vs. XCLR - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, less than XCLR's 13.00% yield.

Position	TTM	2025	2024	2023	2022	2021
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	13.00%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both HEDG and XCLR in my portfolio?

HEDG and XCLR have a correlation of 0.82, 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 XCLR?

On fees, XCLR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDG or XCLR?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.96% for HEDG.

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

XCLR has the higher dividend yield at 13.00%, compared with 1.84% for HEDG.

What is the main difference between HEDG and XCLR?

HEDG tracks Actively Managed, while XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index. They also come from different issuers: Equable Shares and Global X. Their fees differ too: 0.96% for HEDG and 0.25% for XCLR.