IHG vs. HEGD
IHG (InterContinental Hotels Group PLC) is a stock, while HEGD (Swan Hedged Equity US Large Cap ETF) is Equity Hedged fund actively managed by Swan. Over the past 5 years, IHG returned 21.39%/yr vs 8.76%/yr for HEGD. At a 0.49 correlation, their price movements are largely independent.
Performance
IHG vs. HEGD - Performance Comparison
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Returns By Period
In the year-to-date period, IHG achieves a 21.82% return, which is significantly higher than HEGD's 5.59% return.
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%
HEGD
- 1D
- -0.37%
- 1M
- -0.26%
- YTD
- 5.59%
- 6M
- 5.05%
- 1Y
- 16.85%
- 3Y*
- 13.86%
- 5Y*
- 8.76%
- 10Y*
- —
IHG vs. HEGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IHG InterContinental Hotels Group PLC | 21.82% | 14.53% | 39.13% | 59.59% | -8.70% | 0.14% | 6.11% |
HEGD Swan Hedged Equity US Large Cap ETF | 5.59% | 12.95% | 15.24% | 14.16% | -11.25% | 17.30% | 0.75% |
Correlation
The correlation between IHG and HEGD 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 IHG and HEGD 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
IHG vs. HEGD — Risk / Return Rank
IHG
HEGD
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.
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.
| IHG | HEGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 3.86 | +0.43 |
| Martin ratioReturn relative to average drawdown | 13.00 | 14.28 | -1.28 |
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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.
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Drawdown Indicators
| IHG | HEGD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -28.92% | -8.14% | -20.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -14.56% | -19.33% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -1.79% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -3.65% | -10.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 1.18% | +3.11% |
Volatility
IHG vs. HEGD - Volatility Comparison
InterContinental Hotels Group PLC (IHG) has a higher volatility of 5.49% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 3.24%. 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.
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Volatility by Period
| IHG | HEGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 3.24% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 5.58% | +13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 7.47% | +17.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.75% | 9.48% | +17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.45% | 9.39% | +21.06% |
Dividends
IHG vs. HEGD - Dividend Comparison
IHG's dividend yield for the trailing twelve months is around 1.08%, more than HEGD's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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
IHG and HEGD 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, IHG dropped -77.84% vs HEGD's -14.56%.
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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