SCEP vs. HEGD
SCEP (Sterling Capital Hedged Equity Premium Income ETF) and HEGD (Swan Hedged Equity US Large Cap ETF) are both Equity Hedged funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. SCEP charges 0.65%/yr vs 0.88%/yr for HEGD.
Performance
SCEP vs. HEGD - Performance Comparison
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Returns By Period
In the year-to-date period, SCEP achieves a 2.52% return, which is significantly lower than HEGD's 4.64% return.
SCEP
- 1D
- -1.13%
- 1M
- -0.79%
- YTD
- 2.52%
- 6M
- 2.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEGD
- 1D
- -0.90%
- 1M
- -1.16%
- YTD
- 4.64%
- 6M
- 3.89%
- 1Y
- 15.13%
- 3Y*
- 13.52%
- 5Y*
- 8.45%
- 10Y*
- —
SCEP vs. HEGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCEP Sterling Capital Hedged Equity Premium Income ETF | 2.52% | -0.50% |
HEGD Swan Hedged Equity US Large Cap ETF | 4.64% | -0.78% |
Correlation
The correlation between SCEP and HEGD is 0.79, 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 11, 2025 | 0.79 |
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Return for Risk
SCEP vs. HEGD — Risk / Return Rank
SCEP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEGD
SCEP vs. HEGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Hedged Equity Premium Income ETF (SCEP) 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.
| SCEP | HEGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.46 | — |
| Martin ratioReturn relative to average drawdown | — | 12.69 | — |
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Drawdowns
SCEP vs. HEGD - Drawdown Comparison
The maximum SCEP drawdown since its inception was -7.25%, smaller than the maximum HEGD drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for SCEP and HEGD.
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Drawdown Indicators
| SCEP | HEGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -14.56% | +7.31% |
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 DrawdownCurrent decline from peak | -1.68% | -2.67% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -3.65% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.19% | — |
Volatility
SCEP vs. HEGD - Volatility Comparison
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Volatility by Period
| SCEP | HEGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 7.52% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.72% | 9.49% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.72% | 9.40% | +1.32% |
SCEP vs. HEGD - Expense Ratio Comparison
SCEP has a 0.65% expense ratio, which is lower than HEGD's 0.88% expense ratio.
Dividends
SCEP vs. HEGD - Dividend Comparison
SCEP's dividend yield for the trailing twelve months is around 3.29%, more 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% |
SCEP Sterling Capital Hedged Equity Premium Income ETF | 3.29% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCEP and HEGD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SCEP is cheaper with a 0.65% expense ratio, compared with 0.88% for HEGD.
SCEP has the higher dividend yield at 3.29%, compared with 0.34% for HEGD.
They also come from different issuers: Sterling Capital and Swan. Their fees differ too: 0.65% for SCEP and 0.88% for HEGD.
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