HEGD vs. HTUS
HEGD (Swan Hedged Equity US Large Cap ETF) and HTUS (Hull Tactical US ETF) are both Equity Hedged funds. Both are actively managed. Over the past 5 years, HEGD returned 8.30%/yr vs 14.95%/yr for HTUS. Their 0.76 correlation means they have sometimes moved together and sometimes differently. HEGD charges 0.88%/yr vs 0.96%/yr for HTUS.
Performance
HEGD vs. HTUS - Performance Comparison
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Returns By Period
In the year-to-date period, HEGD achieves a 6.74% return, which is significantly lower than HTUS's 12.44% return.
HEGD
- 1D
- 1.13%
- 1M
- 1.05%
- 6M
- 5.24%
- YTD
- 6.74%
- 1Y
- 14.63%
- 3Y*
- 13.49%
- 5Y*
- 8.30%
- 10Y*
- —
- ALL TIME*
- 9.50%
HTUS
- 1D
- 1.43%
- 1M
- 1.78%
- 6M
- 11.01%
- YTD
- 12.44%
- 1Y
- 24.41%
- 3Y*
- 21.06%
- 5Y*
- 14.95%
- 10Y*
- 12.61%
- ALL TIME*
- 11.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $1.92M | $2.57M | |
| $513.88K | $512.72K | $620.13K |
HEGD vs. HTUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 6.74% | 12.95% | 15.24% | 14.16% | -11.25% | 17.30% | 0.75% |
HTUS Hull Tactical US ETF | 12.44% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 3.06% |
Correlation
The correlation between HEGD and HTUS is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.76 |
The correlation between HEGD and HTUS shifts across timeframes, from 0.76 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HEGD vs. HTUS — Risk / Return Rank
HEGD
HTUS
HEGD vs. HTUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and Hull Tactical US ETF (HTUS). 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.
| HEGD | HTUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.82 | +0.53 |
| Martin ratioReturn relative to average drawdown | 10.86 | 13.42 | -2.57 |
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Drawdowns
HEGD vs. HTUS - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum HTUS drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for HEGD and HTUS.
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Drawdown Indicators
| HEGD | HTUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -47.50% | +32.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -8.68% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | -24.41% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -24.41% | +9.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.50% | — |
Current DrawdownCurrent decline from peak | -0.72% | 0.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.02% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.82% | -0.47% |
Volatility
HEGD vs. HTUS - Volatility Comparison
The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 2.74%, while Hull Tactical US ETF (HTUS) has a volatility of 3.34%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than HTUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEGD | HTUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 3.34% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 10.33% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.81% | 12.28% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 19.11% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 21.52% | -12.13% |
HEGD vs. HTUS - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is lower than HTUS's 0.96% expense ratio.
Dividends
HEGD vs. HTUS - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.34%, less than HTUS's 10.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 0.34% | 0.36% | 0.43% | 0.39% | 0.87% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HTUS Hull Tactical US ETF | 10.58% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% |
Frequently Asked Questions
HEGD and HTUS have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTUS has higher volatility (3.34%) compared to HEGD (2.74%). In terms of maximum drawdown, HEGD dropped -14.56% vs HTUS's -47.50%.
On 5-year performance, HTUS leads with 14.95% vs 8.30% for HEGD. On fees, HEGD is cheaper at 0.88% per year. On volatility, HEGD has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HTUS has performed better with a 14.95% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HEGD is cheaper with a 0.88% expense ratio, compared with 0.96% for HTUS.
HTUS has the higher dividend yield at 10.58%, compared with 0.34% for HEGD.
They also come from different issuers: Swan and Exchange Traded Concepts. Their fees differ too: 0.88% for HEGD and 0.96% for HTUS.
HTUS currently has the higher Sharpe Ratio (2.00 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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