HEGD vs. GTEYX
Compare and contrast key facts about Swan Hedged Equity US Large Cap ETF (HEGD) and Gateway Fund Class Y Shares (GTEYX).
HEGD is a passively managed fund by Swan that tracks the performance of the S&P 500. It was launched on Dec 22, 2020. GTEYX is managed by Natixis.
Performance
HEGD vs. GTEYX - Performance Comparison
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HEGD vs. GTEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | -1.73% | 12.95% | 15.24% | 14.16% | -11.25% | 17.30% | 0.99% |
GTEYX Gateway Fund Class Y Shares | -3.04% | 10.28% | 15.82% | 14.70% | -11.84% | 11.49% | 0.36% |
Returns By Period
In the year-to-date period, HEGD achieves a -1.73% return, which is significantly higher than GTEYX's -3.04% return.
HEGD
- 1D
- 0.30%
- 1M
- -2.38%
- YTD
- -1.73%
- 6M
- -0.47%
- 1Y
- 13.14%
- 3Y*
- 12.52%
- 5Y*
- 7.98%
- 10Y*
- —
GTEYX
- 1D
- 1.71%
- 1M
- -3.62%
- YTD
- -3.04%
- 6M
- -0.59%
- 1Y
- 9.81%
- 3Y*
- 10.54%
- 5Y*
- 6.10%
- 10Y*
- 6.38%
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HEGD vs. GTEYX - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is higher than GTEYX's 0.70% expense ratio.
Return for Risk
HEGD vs. GTEYX — Risk / Return Rank
HEGD
GTEYX
HEGD vs. GTEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and Gateway Fund Class Y Shares (GTEYX). 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.
| HEGD | GTEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.98 | +0.67 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.61 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 0.41 | +2.68 |
Martin ratioReturn relative to average drawdown | 11.89 | 1.55 | +10.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEGD | GTEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.98 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.67 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.66 | +0.24 |
Correlation
The correlation between HEGD and GTEYX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HEGD vs. GTEYX - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.36%, less than GTEYX's 0.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 0.36% | 0.36% | 0.43% | 0.39% | 0.87% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GTEYX Gateway Fund Class Y Shares | 0.38% | 0.39% | 0.65% | 0.90% | 0.89% | 0.66% | 1.06% | 1.32% | 1.41% | 1.24% | 1.60% | 2.09% |
Drawdowns
HEGD vs. GTEYX - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum GTEYX drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for HEGD and GTEYX.
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Drawdown Indicators
| HEGD | GTEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -16.58% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -7.04% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -16.25% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.25% | — |
Current DrawdownCurrent decline from peak | -3.15% | -4.37% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -2.08% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 3.00% | -1.86% |
Volatility
HEGD vs. GTEYX - Volatility Comparison
The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 2.21%, while Gateway Fund Class Y Shares (GTEYX) has a volatility of 2.99%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than GTEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEGD | GTEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 2.99% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 5.86% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 12.50% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 9.56% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 8.87% | +0.53% |