AAEQvsHEGDETF Comparison
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Alpha Architect US Equity 2 ETF (AAEQ) belongs to the US All Cap segment. Swan Hedged Equity US Large Cap ETF (HEGD) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. AAEQ is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.87% for HEGD. AAEQ is up 11.43% year-to-date (YTD) with -$14M in YTD flows. HEGD performs worse with 8.04% YTD performance, and +$81M in YTD flows. Run a side-by-side ETF comparison of AAEQ and HEGD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAEQ vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAEQ HEGD | +2.70%+1.82% | +6.36%+4.74% | +11.43%+8.04% | n/a+14.96% | n/a+48.17% | n/a+50.01% |
| Flows | AAEQ HEGD | -$2M+$11M | -$1M+$39M | -$14M+$81M | -+$208M | -+$458M | -+$506M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAEQ HEGD | +13.87%+9.92% | n/a+7.87% | n/a+8.33% | n/a+9.31% |
| Max drawdown | AAEQ HEGD | -4.43%-3.16% | n/a-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | AAEQ HEGD | 63d62d | n/a77d | n/a124d | n/a721d |
Trading data
AAEQ | HEGD | |
Last sale 8/5/2026 at 2:21 PM | $55.37 | $27.26 |
| Previous close 08/05/2026 | $55.08 | $27.24 |
| Consolidated volume 08/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/5/2026 at 2:21 PM
Live
Closed
AAEQ | HEGD | |
|---|---|---|
| Last price | $55.37 | $27.26 |
| 1D performance | +0.53% | +0.07% |
| AuM | $511.83 M | $735.00 M |
| E/R | 0.09% | 0.87% |
Characteristics
AAEQ | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Alpha Architect | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 347 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 10, 2025 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
AAEQ
USA
97.82%
Other
2.18%
HEGD
USA
89.01%
Other
10.99%
Sectors
AAEQ
Technology
46.81%
Finance
12.65%
Consumer Non-Cycl.
9.37%
Healthcare
8.85%
Industrials
7.38%
Other
14.94%
HEGD
Technology
41.81%
Finance
12.01%
Consumer Non-Cycl.
8.01%
Healthcare
7.92%
Industrials
7.26%
Other
22.99%
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Diversification
AAEQ
Total weight of top 15 holdings out of 15
45.97%
HEGD
Total weight of top 15 holdings out of 15
39.38%
Top 15 holdings
Data as of June 30, 2026
AAEQ
NVIDIA Corp.
7.58%
Apple, Inc.
7.23%
Microsoft Corp.
4.92%
Amazon.com, Inc.
3.98%
Alphabet, Inc.
3.43%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.74%
Micron Technology, Inc.
2.14%
Meta Platforms, Inc.
2.08%
Tesla, Inc.
1.72%
Eli Lilly & Co.
1.68%
Berkshire Hathaway, Inc.
1.60%
JPMorgan Chase & Co.
1.49%
Advanced Micro Devices, Inc.
1.45%
Johnson & Johnson
1.07%
HEGD
NVIDIA Corp.
6.86%
Apple, Inc.
6.01%
Microsoft Corp.
3.92%
Amazon.com, Inc.
3.30%
Alphabet, Inc.
2.97%
Broadcom Inc.
2.53%
Alphabet, Inc.
2.36%
Micron Technology, Inc.
1.84%
Meta Platforms, Inc.
1.75%
Tesla, Inc.
1.68%
Eli Lilly & Co.
1.34%
Advanced Micro Devices, Inc.
1.34%
Berkshire Hathaway, Inc.
1.30%
JPMorgan Chase & Co.
1.24%
Intel Corp.
0.93%
Frequently asked questions about AAEQ and HEGD
How have the AAEQ and HEGD ETFs performed in 2026?
As of August 5, 2026, AAEQ is up 11.43% year-to-date (YTD), while HEGD has returned 8.04%. That puts AAEQ better performer ahead so far this year.
Which ETF is attracting more investor money: AAEQ or HEGD?
Year-to-date, the AAEQ ETF saw -$14M in flows, compared to +$81M for HEGD.
Which ETF is bigger: AAEQ or HEGD?
As of August 5, 2026, AAEQ holds $511.83 M in assets under management (AUM), while HEGD manages $735.00 M.
What sectors do the AAEQ and HEGD ETFs invest in?
AAEQ leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HEGD focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the AAEQ ETF and HEGD ETF?
AAEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. HEGD holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: AAEQ or HEGD?
AAEQ holds 348 securities with 45.97% of its assets in the top 15. HEGD has 501 securities and a top 15 weight of 39.38%.
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