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HEGD vs. IHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

HEGD vs. IHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Swan Hedged Equity US Large Cap ETF (HEGD) and InterContinental Hotels Group PLC (IHG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HEGD achieves a 5.59% return, which is significantly lower than IHG's 21.82% return.


HEGD

1D
-0.37%
1M
-0.26%
YTD
5.59%
6M
5.05%
1Y
16.85%
3Y*
13.86%
5Y*
8.76%
10Y*

IHG

1D
-0.57%
1M
11.08%
YTD
21.82%
6M
19.62%
1Y
55.61%
3Y*
38.02%
5Y*
21.39%
10Y*
18.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HEGD vs. IHG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
HEGD
Swan Hedged Equity US Large Cap ETF
5.59%12.95%15.24%14.16%-11.25%17.30%0.75%
IHG
InterContinental Hotels Group PLC
21.82%14.53%39.13%59.59%-8.70%0.14%6.11%

Correlation

The correlation between HEGD and IHG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Dec 23, 2020

0.49

The correlation between HEGD and IHG shifts across timeframes, from 0.34 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

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Return for Risk

HEGD vs. IHG — Risk / Return Rank

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

HEGD
HEGD Risk / Return Rank: 7575
Overall Rank
HEGD Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HEGD Sortino Ratio Rank: 7373
Sortino Ratio Rank
HEGD Omega Ratio Rank: 7373
Omega Ratio Rank
HEGD Calmar Ratio Rank: 7878
Calmar Ratio Rank
HEGD Martin Ratio Rank: 7777
Martin Ratio Rank

IHG
IHG Risk / Return Rank: 9090
Overall Rank
IHG Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IHG Sortino Ratio Rank: 9191
Sortino Ratio Rank
IHG Omega Ratio Rank: 8686
Omega Ratio Rank
IHG Calmar Ratio Rank: 9090
Calmar Ratio Rank
IHG Martin Ratio Rank: 9292
Martin Ratio Rank
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.

HEGD vs. IHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and InterContinental Hotels Group PLC (IHG). 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.


HEGDIHGDifference
Sharpe ratioReturn per unit of total volatility

+0.07

Sortino ratioReturn per unit of downside risk

-0.05

Omega ratioGain probability vs. loss probability

1.41

1.36

+0.06

Calmar ratioReturn relative to maximum drawdown

3.86

4.29

-0.43

Martin ratioReturn relative to average drawdown

14.28

13.00

+1.28

HEGD vs. IHG - Sharpe Ratio Comparison

The current HEGD Sharpe Ratio is 2.27, which is comparable to the IHG Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of HEGD and IHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

HEGD vs. IHG - Drawdown Comparison

The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum IHG drawdown of -77.84%. Use the drawdown chart below to compare losses from any high point for HEGD and IHG.


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Drawdown Indicators


HEGDIHGDifference

Max Drawdown

Largest peak-to-trough decline

-14.56%

-77.84%

+63.28%

Max Drawdown (1Y)

Largest decline over 1 year

-4.39%

-13.04%

+8.65%

Max Drawdown (3Y)

Largest decline over 3 years

-8.14%

-28.92%

+20.78%

Max Drawdown (5Y)

Largest decline over 5 years

-14.56%

-33.89%

+19.33%

Max Drawdown (10Y)

Largest decline over 10 years

-59.29%

Current Drawdown

Current decline from peak

-1.79%

-0.57%

-1.22%

Average Drawdown

Average peak-to-trough decline

-3.65%

-13.84%

+10.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.18%

4.29%

-3.11%

Volatility

HEGD vs. IHG - Volatility Comparison

The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 3.24%, while InterContinental Hotels Group PLC (IHG) has a volatility of 5.49%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than IHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HEGDIHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.24%

5.49%

-2.25%

Volatility (6M)

Calculated over the trailing 6-month period

5.58%

18.85%

-13.27%

Volatility (1Y)

Calculated over the trailing 1-year period

7.47%

25.46%

-17.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.48%

26.75%

-17.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.39%

30.45%

-21.06%

Dividends

HEGD vs. IHG - Dividend Comparison

HEGD's dividend yield for the trailing twelve months is around 0.34%, less than IHG's 1.08% yield.


PositionTTM20252024202320222021202020192018201720162015
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%0.00%
IHG
InterContinental Hotels Group PLC
1.08%1.23%1.26%1.57%2.22%0.00%0.00%5.52%1.97%8.04%30.47%2.72%

Frequently Asked Questions


HEGD and IHG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHG has higher volatility (5.49%) compared to HEGD (3.24%). In terms of maximum drawdown, HEGD dropped -14.56% vs IHG's -77.84%.

HEGD currently has the higher Sharpe Ratio (2.27 vs 2.20), 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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