JHDG vs. HEGD

Last updated Jul 28, 2026

JHDG (John Hancock Hedged Equity ETF) and HEGD (Swan Hedged Equity US Large Cap ETF) are both Equity Hedged funds. Both are actively managed. Their correlation of 0.82 means they have usually moved in the same direction. JHDG charges 0.49%/yr vs 0.88%/yr for HEGD.

Performance

JHDG vs. HEGD - Performance Comparison

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

Returns By Period

JHDG

• 1D: -0.31%
• 1M: -0.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HEGD

• 1D: -0.15%
• 1M: 0.46%
• 6M: 3.81%
• YTD: 4.76%
• 1Y: 10.80%
• 3Y*: 12.31%
• 5Y*: 7.92%
• 10Y*: —
• ALL TIME*: 9.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEGD Swan Hedged Equity US Large Cap ETF	$1.84M	$2.06M	$2.67M
JHDG John Hancock Hedged Equity ETF	$1.11M	$1.05M	$1.10M

JHDG vs. HEGD - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	5.74%
HEGD Swan Hedged Equity US Large Cap ETF	6.42%

Correlation

The correlation between JHDG and HEGD is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.82

JHDG vs. HEGD - Sectors Allocation Comparison

Sectors	JHDG	HEGD
Technology	31.6%	38.5%
Consumer Cyclical	11.6%	9.5%
Healthcare	11.2%	8.9%
Financial Services	9.8%	11.6%
Industrials	8.3%	8.4%
Communication Services	8.1%	9.9%
Consumer Defensive	6.2%	4.5%
Energy	5.6%	3.0%
Basic Materials	4.7%	1.7%
Real Estate	2.2%	1.8%
Utilities	0.7%	2.2%

Return for Risk

JHDG vs. HEGD — Risk / Return Rank

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

JHDG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HEGD

HEGD Risk / Return Rank: 63
HEGD Sharpe Ratio Rank: 61
HEGD Sortino Ratio Rank: 59
HEGD Omega Ratio Rank: 57
HEGD Calmar Ratio Rank: 69
HEGD Martin Ratio Rank: 67

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.

JHDG vs. HEGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) 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.

	JHDG	HEGD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	2.00	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	8.19	—

Drawdowns

JHDG vs. HEGD - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum HEGD drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for JHDG and HEGD.

Drawdown Indicators

	JHDG	HEGD	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-14.56%	+11.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.56%	—
Current Drawdown Current decline from peak	-2.17%	-2.56%	+0.39%
Average Drawdown Average peak-to-trough decline	-0.66%	-3.62%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	JHDG	HEGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	7.69%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.16%	9.48%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	9.37%	+0.79%

JHDG vs. HEGD - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is lower than HEGD's 0.88% expense ratio.

Dividends

JHDG vs. HEGD - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, less than HEGD's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021
HEGD Swan Hedged Equity US Large Cap ETF	0.34%	0.36%	0.43%	0.39%	0.87%	0.31%
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHDG and HEGD in my portfolio?

JHDG and HEGD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHDG or HEGD?

On fees, JHDG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHDG or HEGD?

JHDG is cheaper with a 0.49% expense ratio, compared with 0.88% for HEGD.

Which ETF pays a higher dividend yield, JHDG or HEGD?

HEGD has the higher dividend yield at 0.34%, compared with 0.10% for JHDG.

What is the main difference between JHDG and HEGD?

They also come from different issuers: John Hancock and Swan. Their fees differ too: 0.49% for JHDG and 0.88% for HEGD.