HEGD vs. VTI
Compare and contrast key facts about Swan Hedged Equity US Large Cap ETF (HEGD) and Vanguard Total Stock Market ETF (VTI).
HEGD and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016. Both HEGD and VTI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HEGD vs. VTI - Performance Comparison
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HEGD vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | -3.29% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 1.11% |
Returns By Period
In the year-to-date period, HEGD achieves a -1.73% return, which is significantly higher than VTI's -3.29% return.
HEGD
- 1D
- 0.30%
- 1M
- -2.38%
- YTD
- -1.73%
- 6M
- -0.47%
- 1Y
- 13.14%
- 3Y*
- 12.52%
- 5Y*
- 7.98%
- 10Y*
- —
VTI
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.29%
- 6M
- -1.26%
- 1Y
- 18.60%
- 3Y*
- 18.14%
- 5Y*
- 10.63%
- 10Y*
- 13.69%
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HEGD vs. VTI - Expense Ratio Comparison
HEGD has a 0.88% expense ratio, which is higher than VTI's 0.03% expense ratio.
Return for Risk
HEGD vs. VTI — Risk / Return Rank
HEGD
VTI
HEGD vs. VTI - 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 Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.98 | +0.67 |
Sortino ratioReturn per unit of downside risk | 2.47 | 1.52 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.54 | +1.54 |
Martin ratioReturn relative to average drawdown | 11.89 | 7.30 | +4.58 |
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 | VTI | 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 | 0.61 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.48 | +0.43 |
Correlation
The correlation between HEGD and VTI is 0.89, 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. VTI - Dividend Comparison
HEGD's dividend yield for the trailing twelve months is around 0.36%, less than VTI's 1.17% 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% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
HEGD vs. VTI - Drawdown Comparison
The maximum HEGD drawdown since its inception was -14.56%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for HEGD and VTI.
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Drawdown Indicators
| HEGD | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -55.45% | +40.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.39% | -12.30% | +7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -25.36% | +10.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -3.15% | -5.54% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -8.08% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.60% | -1.46% |
Volatility
HEGD vs. VTI - Volatility Comparison
The current volatility for Swan Hedged Equity US Large Cap ETF (HEGD) is 2.21%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 5.48%. This indicates that HEGD experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEGD | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 5.48% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 9.75% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.00% | 19.02% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.41% | 17.41% | -8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 18.29% | -8.89% |