HEGD vs. VSIAX
Compare and contrast key facts about Swan Hedged Equity US Large Cap ETF (HEGD) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX).
HEGD is a passively managed fund by Swan that tracks the performance of the S&P 500. It was launched on Dec 22, 2020. VSIAX is managed by Vanguard. It was launched on Sep 27, 2011.
Performance
HEGD vs. VSIAX - Performance Comparison
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HEGD vs. VSIAX - 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% |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 3.10% | 9.09% | 11.34% | 17.06% | -9.31% | 28.10% | 0.18% |
Returns By Period
In the year-to-date period, HEGD achieves a -1.73% return, which is significantly lower than VSIAX's 3.10% return.
HEGD
- 1D
- 0.30%
- 1M
- -2.38%
- YTD
- -1.73%
- 6M
- -0.47%
- 1Y
- 13.14%
- 3Y*
- 12.52%
- 5Y*
- 7.98%
- 10Y*
- —
VSIAX
- 1D
- 2.28%
- 1M
- -5.22%
- YTD
- 3.10%
- 6M
- 4.82%
- 1Y
- 18.55%
- 3Y*
- 13.36%
- 5Y*
- 7.55%
- 10Y*
- 10.08%
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HEGD vs. VSIAX - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is higher than VSIAX's 0.07% expense ratio.
Return for Risk
HEGD vs. VSIAX — Risk / Return Rank
HEGD
VSIAX
HEGD vs. VSIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swan Hedged Equity US Large Cap ETF (HEGD) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). 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 | VSIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.92 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.41 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.37 | +1.72 |
Martin ratioReturn relative to average drawdown | 11.89 | 5.62 | +6.27 |
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 | VSIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.92 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.38 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.56 | +0.34 |
Correlation
The correlation between HEGD and VSIAX is 0.71, 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. VSIAX - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.36%, less than VSIAX's 1.90% 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% |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 1.90% | 1.95% | 1.98% | 2.10% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Drawdowns
HEGD vs. VSIAX - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum VSIAX drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for HEGD and VSIAX.
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Drawdown Indicators
| HEGD | VSIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -45.39% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -14.16% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -24.09% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.39% | — |
Current DrawdownCurrent decline from peak | -3.15% | -6.15% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -5.54% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 3.44% | -2.30% |
Volatility
HEGD vs. VSIAX - Volatility Comparison
The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 2.21%, while Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) has a volatility of 5.52%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than VSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEGD | VSIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 5.52% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 11.25% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 20.69% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 19.86% | -10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 22.45% | -13.05% |