XCLR vs. HEGD
Compare and contrast key facts about Global X S&P 500 Collar 95-110 ETF (XCLR) and Swan Hedged Equity US Large Cap ETF (HEGD).
XCLR and HEGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCLR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 3-Month Collar 95-110 Index. It was launched on Aug 25, 2021. HEGD is a passively managed fund by Swan that tracks the performance of the S&P 500. It was launched on Dec 22, 2020. Both XCLR and HEGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XCLR vs. HEGD - Performance Comparison
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XCLR vs. HEGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCLR Global X S&P 500 Collar 95-110 ETF | -4.88% | 10.25% | 20.67% | 15.64% | -12.93% | 3.44% |
HEGD Swan Hedged Equity US Large Cap ETF | -1.73% | 12.95% | 15.24% | 14.16% | -11.25% | 4.38% |
Returns By Period
In the year-to-date period, XCLR achieves a -4.88% return, which is significantly lower than HEGD's -1.73% return.
XCLR
- 1D
- 0.49%
- 1M
- -4.99%
- YTD
- -4.88%
- 6M
- -3.76%
- 1Y
- 10.37%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
HEGD
- 1D
- 0.30%
- 1M
- -2.38%
- YTD
- -1.73%
- 6M
- -0.47%
- 1Y
- 13.14%
- 3Y*
- 12.52%
- 5Y*
- 7.98%
- 10Y*
- —
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XCLR vs. HEGD - Expense Ratio Comparison
XCLR has a 0.25% expense ratio, which is lower than HEGD's 0.88% expense ratio.
Return for Risk
XCLR vs. HEGD — Risk / Return Rank
XCLR
HEGD
XCLR vs. HEGD - 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 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.
| XCLR | HEGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.65 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.47 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.08 | -1.81 |
Martin ratioReturn relative to average drawdown | 5.24 | 11.89 | -6.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCLR | HEGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.65 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.91 | -0.32 |
Correlation
The correlation between XCLR 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.
Dividends
XCLR vs. HEGD - Dividend Comparison
XCLR's dividend yield for the trailing twelve months is around 13.83%, more than HEGD's 0.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCLR Global X S&P 500 Collar 95-110 ETF | 13.83% | 13.15% | 18.76% | 1.40% | 1.01% | 1.70% |
HEGD Swan Hedged Equity US Large Cap ETF | 0.36% | 0.36% | 0.43% | 0.39% | 0.87% | 0.31% |
Drawdowns
XCLR vs. HEGD - Drawdown Comparison
The maximum XCLR drawdown since its inception was -14.63%, roughly equal to the maximum HEGD drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for XCLR and HEGD.
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Drawdown Indicators
| XCLR | HEGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -14.56% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -4.39% | -3.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.56% | — |
Current DrawdownCurrent decline from peak | -6.45% | -3.15% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.76% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.14% | +0.88% |
Volatility
XCLR vs. HEGD - Volatility Comparison
Global X S&P 500 Collar 95-110 ETF (XCLR) has a higher volatility of 3.42% compared to Swan Hedged Equity US Large Cap ETF (HEGD) at 2.21%. This indicates that XCLR'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
| XCLR | HEGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.21% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 4.93% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.53% | 8.00% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.58% | 9.41% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 9.40% | +1.18% |