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OCTZ vs. HEGD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

OCTZ vs. HEGD - Performance Comparison

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

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Returns By Period

In the year-to-date period, OCTZ achieves a 7.18% return, which is significantly higher than HEGD's 5.59% return.


OCTZ

1D
-0.38%
1M
-0.02%
YTD
7.18%
6M
6.91%
1Y
19.51%
3Y*
15.55%
5Y*
10.79%
10Y*

HEGD

1D
-0.37%
1M
-0.26%
YTD
5.59%
6M
5.05%
1Y
16.85%
3Y*
13.86%
5Y*
8.76%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

OCTZ vs. HEGD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
OCTZ
TrueShares Structured Outcome (October) ETF
7.18%12.89%18.89%18.18%-10.23%20.49%1.39%
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 OCTZ and HEGD is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 23, 2020

0.90

The correlation between OCTZ and HEGD has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

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Return for Risk

OCTZ vs. HEGD — Risk / Return Rank

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

OCTZ
OCTZ Risk / Return Rank: 6060
Overall Rank
OCTZ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
OCTZ Sortino Ratio Rank: 5959
Sortino Ratio Rank
OCTZ Omega Ratio Rank: 5959
Omega Ratio Rank
OCTZ Calmar Ratio Rank: 5656
Calmar Ratio Rank
OCTZ Martin Ratio Rank: 6363
Martin Ratio Rank

HEGD
HEGD Risk / Return Rank: 7575
Overall Rank
HEGD Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HEGD Sortino Ratio Rank: 7373
Sortino Ratio Rank
HEGD Omega Ratio Rank: 7373
Omega Ratio Rank
HEGD Calmar Ratio Rank: 7878
Calmar Ratio Rank
HEGD Martin Ratio Rank: 7777
Martin Ratio Rank
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.

OCTZ vs. HEGD - Risk-Adjusted Trends 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.

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.


OCTZHEGDDifference
Sharpe ratioReturn per unit of total volatility

-0.29

Sortino ratioReturn per unit of downside risk

-0.45

Omega ratioGain probability vs. loss probability

1.35

1.41

-0.06

Calmar ratioReturn relative to maximum drawdown

2.68

3.86

-1.18

Martin ratioReturn relative to average drawdown

11.03

14.28

-3.25

OCTZ vs. HEGD - Sharpe Ratio Comparison

The current OCTZ Sharpe Ratio is 1.97, which is comparable to the HEGD Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of OCTZ and HEGD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


OCTZHEGDDifference

Max Drawdown

Largest peak-to-trough decline

-15.82%

-14.56%

-1.26%

Max Drawdown (1Y)

Largest decline over 1 year

-7.31%

-4.39%

-2.92%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-8.14%

-5.93%

Max Drawdown (5Y)

Largest decline over 5 years

-15.82%

-14.56%

-1.26%

Current Drawdown

Current decline from peak

-1.45%

-1.79%

+0.34%

Average Drawdown

Average peak-to-trough decline

-3.15%

-3.65%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.77%

1.18%

+0.59%

Volatility

OCTZ vs. HEGD - Volatility Comparison

TrueShares Structured Outcome (October) ETF (OCTZ) has a higher volatility of 3.82% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 3.24%. 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.


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Volatility by Period


OCTZHEGDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

3.24%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

7.98%

5.58%

+2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

9.94%

7.47%

+2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.48%

9.48%

+3.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.41%

9.39%

+3.02%

OCTZ vs. HEGD - Expense Ratio Comparison

OCTZ has a 0.79% expense ratio, which is lower than HEGD's 0.88% expense ratio.


Dividends

OCTZ vs. HEGD - Dividend Comparison

OCTZ's dividend yield for the trailing twelve months is around 3.72%, more than HEGD's 0.34% yield.


PositionTTM20252024202320222021
HEGD
Swan Hedged Equity US Large Cap ETF
0.34%0.36%0.43%0.39%0.87%0.31%
OCTZ
TrueShares Structured Outcome (October) ETF
3.72%3.99%1.26%3.28%0.67%0.00%

Frequently Asked Questions


With a correlation of 0.91, OCTZ and HEGD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

OCTZ has higher volatility (3.82%) compared to HEGD (3.24%). In terms of maximum drawdown, OCTZ dropped -15.82% vs HEGD's -14.56%.

On 5-year performance, OCTZ leads with 10.79% vs 8.76% for HEGD. On fees, OCTZ is cheaper at 0.79% per year. On volatility, HEGD has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, OCTZ has performed better with a 10.79% return vs 8.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

OCTZ is cheaper with a 0.79% expense ratio, compared with 0.88% for HEGD.

OCTZ has the higher dividend yield at 3.72%, compared with 0.34% for HEGD.

OCTZ is categorized as Defined Outcome, while HEGD is Equity Hedged. They also come from different issuers: TrueShares and Swan. Their fees differ too: 0.79% for OCTZ and 0.88% for HEGD.

HEGD currently has the higher Sharpe Ratio (2.27 vs 1.97), 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.

Portfolio Optimizer

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