SCEP vs. HEDG

Last updated Jun 5, 2026

SCEP (Sterling Capital Hedged Equity Premium Income ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. SCEP is actively managed, while HEDG is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. SCEP charges 0.65%/yr vs 0.96%/yr for HEDG.

Performance

SCEP vs. HEDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Hedged Equity Premium Income ETF (SCEP) and Equable Shares Hedged Equity ETF (HEDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCEP achieves a 4.03% return, which is significantly higher than HEDG's 2.40% return.

SCEP

• 1D: 0.11%
• 1M: 1.81%
• YTD: 4.03%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEDG

• 1D: -0.23%
• 1M: 0.39%
• YTD: 2.40%
• 6M: 3.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCEP vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
SCEP Sterling Capital Hedged Equity Premium Income ETF	4.03%	-0.50%
HEDG Equable Shares Hedged Equity ETF	2.40%	0.74%

Correlation

The correlation between SCEP and HEDG is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.78

Return for Risk

SCEP vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Hedged Equity Premium Income ETF (SCEP) and Equable Shares Hedged Equity ETF (HEDG). 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.

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

Sharpe Ratios by Period

	SCEP	HEDG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.52	-0.75

Drawdowns

SCEP vs. HEDG - Drawdown Comparison

The maximum SCEP drawdown since its inception was -7.25%, which is greater than HEDG's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for SCEP and HEDG.

Drawdown Indicators

	SCEP	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-7.25%	-3.85%	-3.40%
Current Drawdown Current decline from peak	-0.05%	-0.23%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.39%	-1.18%

Volatility

Volatility by Period

	SCEP	HEDG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	5.90%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.82%	5.90%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.82%	5.90%	+3.92%

SCEP vs. HEDG - Expense Ratio Comparison

SCEP has a 0.65% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

SCEP vs. HEDG - Dividend Comparison

SCEP's dividend yield for the trailing twelve months is around 3.24%, more than HEDG's 1.84% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.24%	0.38%

Frequently Asked Questions

Can I hold both SCEP and HEDG in my portfolio?

SCEP and HEDG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCEP or HEDG?

On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCEP or HEDG?

SCEP is cheaper with a 0.65% expense ratio, compared with 0.96% for HEDG.

Which ETF pays a higher dividend yield, SCEP or HEDG?

SCEP has the higher dividend yield at 3.24%, compared with 1.84% for HEDG.

What is the main difference between SCEP and HEDG?

They also come from different issuers: Sterling Capital and Equable Shares. Their fees differ too: 0.65% for SCEP and 0.96% for HEDG.