HEGDvsKSPYETF Comparison
VS
Swan Hedged Equity US Large Cap ETF (HEGD) and KraneShares Hedgeye Hedged Equity Index ETF (KSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. HEGD is less expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.88% for KSPY. HEGD is up 5.78% year-to-date (YTD) with +$56M in YTD flows. KSPY performs better with 6.52% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of HEGD and KSPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
HEGD vs KSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD KSPY | +0.67%+2.13% | +7.15%+6.40% | +5.78%+6.52% | +16.97%+18.98% | +47.05%n/a | +52.91%n/a |
| Flows | HEGD KSPY | +$13M+$4M | +$45M+$10M | +$56M+$41M | +$195M+$77M | +$432M- | +$504M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD KSPY | +9.18%+8.47% | +7.43%+7.36% | +8.19%n/a | +9.24%n/a |
| Max drawdown | HEGD KSPY | -3.16%-2.18% | -4.33%-4.44% | -8.39%n/a | -14.21%n/a |
| Max drawdown duration | HEGD KSPY | 16d12d | 77d48d | 124dn/a | 721dn/a |
Trading data
HEGD | KSPY | |
Last sale 6/18/2026 at 1:30 PM | $26.72 | $29.26 |
| Previous close 06/18/2026 | $26.54 | $28.97 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
HEGD
is actively managed and doesn’t replicate an indexHEGD | KSPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
HEGD | KSPY | |
|---|---|---|
| Last price | $26.72 | $29.26 |
| 1D performance | +0.68% | +1.00% |
| AuM | $693.96 M | $100.94 M |
| E/R | 0.87% | 0.88% |
Characteristics
HEGD | KSPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Swan Capital Management | KraneShares |
| Benchmark | - | Hedgeye Hedged Equity Index |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | July 16, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
HEGD
USA
87.8%
Other
12.2%
KSPY
USA
97.22%
Other
2.78%
Sectors
HEGD
Information Techn.
32.31%
Communication Ser.
9.94%
Consumer Discreti.
9.15%
Financials
8.96%
Health Care
7.58%
Industrials
7.32%
Other
24.74%
KSPY
Information Techn.
35.78%
Communication Ser.
11%
Consumer Discreti.
10.14%
Financials
9.92%
Health Care
8.39%
Industrials
8.1%
Other
16.67%
Advertisement
Diversification
HEGD
Total weight of top 15 holdings out of 15
39.75%
KSPY
Total weight of top 15 holdings out of 15
44.01%
Top 15 holdings
Data as of April 30, 2026
HEGD
NVIDIA
7.11%
APPLE
5.84%
MICROSOFT-T
4.44%
AMAZON.COM INC
3.79%
ALPHABET INC-CL
3.28%
BROADCOM LIMITED
2.90%
ALPHABET INC-CL
2.62%
META PLATFORMS
1.96%
TESLA
1.57%
BERKSHIRE HATHWAY
1.27%
JPMORGAN CHASE
1.24%
LILLY
1.09%
EXXON
0.95%
MICRON TECHNOLOGY
0.85%
WALMART INC
0.85%
KSPY
NVIDIA
7.87%
APPLE
6.46%
MICROSOFT-T
4.91%
AMAZON.COM INC
4.20%
ALPHABET INC-CL
3.63%
BROADCOM LIMITED
3.21%
ALPHABET INC-CL
2.90%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.05%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
Frequently asked questions about HEGD and KSPY
How have the HEGD and KSPY ETFs performed in 2026?
As of June 18, 2026, HEGD is up 5.78% year-to-date (YTD), while KSPY has returned 6.52%. That puts KSPY better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or KSPY?
Year-to-date, the HEGD ETF saw +$56M in flows, compared to +$41M for KSPY.
Which ETF is more volatile: HEGD or KSPY?
Over the past year, HEGD had a volatility of 7.43%, while KSPY experienced 7.36%.
Which ETF is bigger: HEGD or KSPY?
As of June 18, 2026, HEGD holds $693.96 M in assets under management (AUM), while KSPY manages $100.94 M.
What sectors do the HEGD and KSPY ETFs invest in?
HEGD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, KSPY focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the HEGD ETF and KSPY ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. KSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or KSPY?
HEGD holds 503 securities with 39.75% of its assets in the top 15. KSPY has 503 securities and a top 15 weight of 44.01%.
Advertisement
Advertisement
