IHG vs. HEGD

Last updated Apr 2, 2026

Compare and contrast key facts about InterContinental Hotels Group PLC (IHG) and Swan Hedged Equity US Large Cap ETF (HEGD).

HEGD is a passively managed fund by Swan that tracks the performance of the S&P 500. It was launched on Dec 22, 2020.

Performance

IHG vs. HEGD - Performance Comparison

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

IHG vs. HEGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IHG InterContinental Hotels Group PLC	-5.07%	14.53%	39.13%	59.59%	-8.70%	0.14%	2.78%
HEGD Swan Hedged Equity US Large Cap ETF	-1.73%	12.95%	15.24%	14.16%	-11.25%	17.30%	0.99%

Returns By Period

In the year-to-date period, IHG achieves a -5.07% return, which is significantly lower than HEGD's -1.73% return.

IHG

• 1D: 0.17%
• 1M: -0.07%
• YTD: -5.07%
• 6M: 10.15%
• 1Y: 24.06%
• 3Y*: 27.73%
• 5Y*: 15.48%
• 10Y*: 18.50%

HEGD

• 1D: 0.30%
• 1M: -2.38%
• YTD: -1.73%
• 6M: -0.47%
• 1Y: 13.14%
• 3Y*: 12.52%
• 5Y*: 7.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IHG vs. HEGD — Risk / Return Rank

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

IHG

IHG Risk / Return Rank: 69
IHG Sharpe Ratio Rank: 71
IHG Sortino Ratio Rank: 67
IHG Omega Ratio Rank: 61
IHG Calmar Ratio Rank: 74
IHG Martin Ratio Rank: 74

HEGD

HEGD Risk / Return Rank: 86
HEGD Sharpe Ratio Rank: 82
HEGD Sortino Ratio Rank: 87
HEGD Omega Ratio Rank: 79
HEGD Calmar Ratio Rank: 90
HEGD Martin Ratio Rank: 89

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.

IHG vs. HEGD - Risk-Adjusted Trends Comparison

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

	IHG	HEGD	Difference
Sharpe ratio Return per unit of total volatility	0.90	1.65	-0.76
Sortino ratio Return per unit of downside risk	1.50	2.47	-0.96
Omega ratio Gain probability vs. loss probability	1.17	1.31	-0.15
Calmar ratio Return relative to maximum drawdown	1.84	3.08	-1.25
Martin ratio Return relative to average drawdown	4.53	11.89	-7.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHG vs. HEGD - Sharpe Ratio Comparison

The current IHG Sharpe Ratio is 0.90, which is lower than the HEGD Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of IHG and HEGD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IHG	HEGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.65	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.85	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.91	-0.29

Correlation

The correlation between IHG and HEGD is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IHG vs. HEGD - Dividend Comparison

IHG's dividend yield for the trailing twelve months is around 1.29%, more than HEGD's 0.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHG InterContinental Hotels Group PLC	1.29%	1.23%	1.26%	1.57%	2.22%	0.00%	0.00%	5.52%	1.97%	8.04%	30.47%	2.72%
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%

Drawdowns

IHG vs. HEGD - Drawdown Comparison

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

Drawdown Indicators

	IHG	HEGD	Difference
Max Drawdown Largest peak-to-trough decline	-77.84%	-14.56%	-63.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-4.39%	-8.65%
Max Drawdown (5Y) Largest decline over 5 years	-34.44%	-14.56%	-19.88%
Max Drawdown (10Y) Largest decline over 10 years	-59.29%	—	—
Current Drawdown Current decline from peak	-9.81%	-3.15%	-6.66%
Average Drawdown Average peak-to-trough decline	-13.95%	-3.76%	-10.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	1.14%	+4.15%

Volatility

IHG vs. HEGD - Volatility Comparison

InterContinental Hotels Group PLC (IHG) has a higher volatility of 6.78% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 2.21%. This indicates that IHG's price experiences larger fluctuations and is considered to be riskier than HEGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHG	HEGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	2.21%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	17.53%	4.93%	+12.60%
Volatility (1Y) Calculated over the trailing 1-year period	26.99%	8.00%	+18.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.60%	9.41%	+17.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.50%	9.40%	+22.10%