OCTZ vs. HEGD
Compare and contrast key facts about TrueShares Structured Outcome (October) ETF (OCTZ) and Swan Hedged Equity US Large Cap ETF (HEGD).
OCTZ and HEGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OCTZ is an actively managed fund by TrueMark Investments. It was launched on Sep 30, 2020. HEGD is an actively managed fund by Swan Global Investments. It was launched on Dec 22, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCTZ or HEGD.
Key characteristics
| OCTZ | HEGD | |
|---|---|---|
| YTD Return | 21.21% | 16.80% |
| 1Y Return | 30.08% | 25.76% |
| 3Y Return (Ann) | 9.31% | 6.23% |
| Sharpe Ratio | 2.99 | 2.96 |
| Sortino Ratio | 4.08 | 4.29 |
| Omega Ratio | 1.57 | 1.55 |
| Calmar Ratio | 4.14 | 3.86 |
| Martin Ratio | 18.50 | 20.72 |
| Ulcer Index | 1.58% | 1.21% |
| Daily Std Dev | 9.81% | 8.49% |
| Max Drawdown | -15.82% | -14.56% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OCTZ and HEGD 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.
Performance
OCTZ vs. HEGD - Performance Comparison
In the year-to-date period, OCTZ achieves a 21.21% return, which is significantly higher than HEGD's 16.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OCTZ vs. HEGD - Expense Ratio Comparison
OCTZ has a 0.79% expense ratio, which is lower than HEGD's 0.87% expense ratio.
Risk-Adjusted Performance
OCTZ vs. HEGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) 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.
Dividends
OCTZ vs. HEGD - Dividend Comparison
OCTZ's dividend yield for the trailing twelve months is around 2.71%, more than HEGD's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
OCTZ TrueShares Structured Outcome (October) ETF | 2.71% | 3.28% | 0.68% | 0.00% |
HEGD Swan Hedged Equity US Large Cap ETF | 0.33% | 0.39% | 0.87% | 0.31% |
Drawdowns
OCTZ vs. HEGD - Drawdown Comparison
The maximum OCTZ drawdown since its inception was -15.82%, which is greater than HEGD's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for OCTZ and HEGD. For additional features, visit the drawdowns tool.
Volatility
OCTZ vs. HEGD - Volatility Comparison
TrueShares Structured Outcome (October) ETF (OCTZ) has a higher volatility of 3.04% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 2.80%. This indicates that OCTZ'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.