HEGD vs. OCTZ
Compare and contrast key facts about Swan Hedged Equity US Large Cap ETF (HEGD) and TrueShares Structured Outcome (October) ETF (OCTZ).
HEGD and OCTZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEGD is a passively managed fund by Swan that tracks the performance of the S&P 500. It was launched on Dec 22, 2020. OCTZ is an actively managed fund by TrueShares. It was launched on Sep 30, 2020.
Performance
HEGD vs. OCTZ - Performance Comparison
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HEGD vs. OCTZ - 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% |
OCTZ TrueShares Structured Outcome (October) ETF | -3.02% | 12.89% | 18.89% | 18.18% | -10.23% | 20.49% | 1.33% |
Returns By Period
In the year-to-date period, HEGD achieves a -1.73% return, which is significantly higher than OCTZ's -3.02% return.
HEGD
- 1D
- 0.30%
- 1M
- -2.38%
- YTD
- -1.73%
- 6M
- -0.47%
- 1Y
- 13.14%
- 3Y*
- 12.52%
- 5Y*
- 7.98%
- 10Y*
- —
OCTZ
- 1D
- 0.41%
- 1M
- -3.34%
- YTD
- -3.02%
- 6M
- -1.42%
- 1Y
- 12.82%
- 3Y*
- 13.47%
- 5Y*
- 9.54%
- 10Y*
- —
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HEGD vs. OCTZ - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is higher than OCTZ's 0.79% expense ratio.
Return for Risk
HEGD vs. OCTZ — Risk / Return Rank
HEGD
OCTZ
HEGD vs. OCTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and TrueShares Structured Outcome (October) ETF (OCTZ). 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 | OCTZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.94 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.43 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.43 | +1.66 |
Martin ratioReturn relative to average drawdown | 11.89 | 6.21 | +5.68 |
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 | OCTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.94 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.77 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.92 | -0.01 |
Correlation
The correlation between HEGD and OCTZ is 0.90, 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. OCTZ - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.36%, less than OCTZ's 4.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HEGD Swan Hedged Equity US Large Cap ETF | 0.36% | 0.36% | 0.43% | 0.39% | 0.87% | 0.31% |
OCTZ TrueShares Structured Outcome (October) ETF | 4.12% | 3.99% | 1.26% | 3.28% | 0.67% | 0.00% |
Drawdowns
HEGD vs. OCTZ - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum OCTZ drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for HEGD and OCTZ.
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Drawdown Indicators
| HEGD | OCTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -15.82% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -9.09% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -15.82% | +1.26% |
Current DrawdownCurrent decline from peak | -3.15% | -5.04% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -3.23% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.09% | -0.95% |
Volatility
HEGD vs. OCTZ - Volatility Comparison
The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 2.21%, while TrueShares Structured Outcome (October) ETF (OCTZ) has a volatility of 4.07%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than OCTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEGD | OCTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 4.07% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 7.56% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 13.64% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 12.40% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 12.45% | -3.05% |