HEDGvsSPYTETF Comparison
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Equable Shares Hedged Equity ETF (HEDG) and Defiance S&P 500 Target Income ETF (SPYT) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HEDG is more expensive with a Total Expense Ratio (TER) of 0.96%, versus 0.92% for SPYT. HEDG is up 3.89% year-to-date (YTD) with +$73M in YTD flows. SPYT performs better with 8.62% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of HEDG and SPYT 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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HEDG vs SPYT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEDG SPYT | +0.47%-0.28% | +1.75%+2.85% | +3.89%+8.62% | n/a+15.34% | n/an/a | n/an/a |
| Flows | HEDG SPYT | +$6M+$8M | +$22M+$9M | +$73M+$23M | -+$52M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEDG SPYT | +4.35%+12.65% | n/a+11.71% | n/an/a | n/an/a |
| Max drawdown | HEDG SPYT | -1.18%-4.34% | n/a-7.87% | n/an/a | n/an/a |
| Max drawdown duration | HEDG SPYT | 14d58d | n/a70d | n/an/a | n/an/a |
Trading data
HEDG | SPYT | |
Last sale 7/31/2026 at 1:30 PM | $30.24 | $17.30 |
| Previous close 07/30/2026 | $30.14 | $17.20 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
HEDG | SPYT | |
|---|---|---|
| Last price | $30.24 | $17.30 |
| 1D performance | +0.33% | +0.58% |
| AuM | $425.53 M | $154.14 M |
| E/R | 0.96% | 0.92% |
Characteristics
HEDG | SPYT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Equable Shares | Defiance ETFs |
| Benchmark | - | - |
| N° of holdings | 497 | 497 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 13, 2025 | March 5, 2024 |
| ESG | No | No |
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Exposure
Countries
HEDG
USA
94.45%
Other
5.55%
SPYT
USA
97.09%
Other
2.91%
Sectors
HEDG
Technology
44.34%
Finance
12.74%
Consumer Non-Cycl.
8.5%
Healthcare
8.4%
Industrials
7.7%
Other
18.32%
SPYT
Technology
45.57%
Finance
13.09%
Consumer Non-Cycl.
8.73%
Healthcare
8.63%
Industrials
7.91%
Other
16.07%
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Diversification
HEDG
Total weight of top 15 holdings out of 15
41.76%
SPYT
Total weight of top 15 holdings out of 15
42.91%
Top 15 holdings
Data as of June 30, 2026
HEDG
NVIDIA Corp.
7.27%
Apple, Inc.
6.38%
Microsoft Corp.
4.16%
Amazon.com, Inc.
3.50%
Alphabet, Inc.
3.14%
Broadcom Inc.
2.68%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
1.95%
Meta Platforms, Inc.
1.86%
Tesla, Inc.
1.78%
Eli Lilly & Co.
1.42%
Advanced Micro Devices, Inc.
1.42%
Berkshire Hathaway, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Intel Corp.
0.99%
SPYT
NVIDIA Corp.
7.47%
Apple, Inc.
6.55%
Microsoft Corp.
4.27%
Amazon.com, Inc.
3.60%
Alphabet, Inc.
3.23%
Broadcom Inc.
2.76%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.35%
Intel Corp.
1.02%
Frequently asked questions about HEDG and SPYT
How have the HEDG and SPYT ETFs performed in 2026?
As of July 30, 2026, HEDG is up 3.89% year-to-date (YTD), while SPYT has returned 8.62%. That puts SPYT better performer ahead so far this year.
Which ETF is attracting more investor money: HEDG or SPYT?
Year-to-date, the HEDG ETF saw +$73M in flows, compared to +$23M for SPYT.
Which ETF is bigger: HEDG or SPYT?
As of July 30, 2026, HEDG holds $425.53 M in assets under management (AUM), while SPYT manages $154.14 M.
What sectors do the HEDG and SPYT ETFs invest in?
HEDG leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPYT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HEDG ETF and SPYT ETF?
HEDG top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPYT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HEDG or SPYT?
HEDG holds 505 securities with 41.76% of its assets in the top 15. SPYT has 504 securities and a top 15 weight of 42.91%.
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Latest news about HEDG & SPYT
Equable Shares Converts Flagship Fund into the Equable Shares Hedged Equity ETF (HEDG)
November 24, 2025
HEDG
Ask the Manager: Ron Santella on How Hedged Equity Fits Into a Diversified Portfolio
November 14, 2025
HEDG
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