XCLR vs. HEDG

Last updated Jun 4, 2026

XCLR (Global X S&P 500 Collar 95-110 ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds - XCLR tracks the Cboe S&P 500 3-Month Collar 95-110 Index while HEDG tracks the Actively Managed. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. XCLR charges 0.25%/yr vs 0.96%/yr for HEDG.

Performance

XCLR vs. HEDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Collar 95-110 ETF (XCLR) 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, XCLR achieves a 2.37% return, which is significantly lower than HEDG's 2.64% return.

XCLR

• 1D: -0.05%
• 1M: 2.04%
• YTD: 2.37%
• 6M: 2.16%
• 1Y: 13.37%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

HEDG

• 1D: 0.00%
• 1M: 0.64%
• YTD: 2.64%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XCLR vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
XCLR Global X S&P 500 Collar 95-110 ETF	2.37%	1.75%
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%

Correlation

The correlation between XCLR and HEDG is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.86

XCLR vs. HEDG - Sectors Allocation Comparison

Sectors	XCLR	HEDG
Technology	35.6%	36.2%
Financial Services	11.8%	11.9%
Communication Services	11.2%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.5%	8.4%
Industrials	8.3%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.4%	2.3%
Real Estate	2.0%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

XCLR vs. HEDG — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 41
XCLR Sharpe Ratio Rank: 44
XCLR Sortino Ratio Rank: 43
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 32
XCLR Martin Ratio Rank: 41

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.

XCLR vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) 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.

	XCLR	HEDG	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	6.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XCLR	HEDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.60	-0.87

Drawdowns

XCLR vs. HEDG - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, which is greater than HEDG's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for XCLR and HEDG.

Drawdown Indicators

	XCLR	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-3.85%	-10.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.46%	—	—
Current Drawdown Current decline from peak	-0.05%	0.00%	-0.05%
Average Drawdown Average peak-to-trough decline	-4.71%	-0.39%	-4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	XCLR	HEDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	5.90%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	5.90%	+4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	5.90%	+4.54%

XCLR vs. HEDG - Expense Ratio Comparison

XCLR has a 0.25% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

XCLR vs. HEDG - Dividend Comparison

XCLR's dividend yield for the trailing twelve months is around 12.85%, more than HEDG's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	12.85%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both XCLR and HEDG in my portfolio?

XCLR and HEDG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCLR or HEDG?

On fees, XCLR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCLR or HEDG?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.96% for HEDG.

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

XCLR has the higher dividend yield at 12.85%, compared with 1.84% for HEDG.

What is the main difference between XCLR and HEDG?

XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index, while HEDG tracks Actively Managed. They also come from different issuers: Global X and Equable Shares. Their fees differ too: 0.25% for XCLR and 0.96% for HEDG.