HEGDvsMVPLETF Comparison
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Swan Hedged Equity US Large Cap ETF (HEGD) belongs to the Options Strategies segment. Miller Value Partners Leverage ETF (MVPL) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. HEGD is less expensive with a Total Expense Ratio (TER) of 0.87%, versus 1.39% for MVPL. HEGD is up 2.85% year-to-date (YTD) with +$41M in YTD flows. MVPL performs better with 7.89% YTD performance, and +$352K in YTD flows. Run a side-by-side ETF comparison of HEGD and MVPL 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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HEGD vs MVPL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD MVPL | +4.96%+14.78% | +1.92%+4.93% | +2.85%+7.89% | +18.83%+52.32% | +48.19%n/a | +47.65%n/a |
| Flows | HEGD MVPL | +$28M- | +$30M+$352K | +$41M+$352K | +$202M+$11M | +$419M- | +$512M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD MVPL | +7.39%+22.83% | +7.02%+21.92% | +8.16%n/a | +9.17%n/a |
| Max drawdown | HEGD MVPL | -4.33%-12.22% | -4.33%-12.70% | -8.39%n/a | -14.21%n/a |
| Max drawdown duration | HEGD MVPL | 77d77d | 77d168d | 124dn/a | 721dn/a |
Trading data
HEGD | MVPL | |
Last sale 4/27/2026 at 1:30 PM | $26.00 | $39.23 |
| Previous close 04/24/2026 | $25.98 | $39.13 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
HEGD | MVPL | |
|---|---|---|
| Last price | $26.00 | $39.23 |
| 1D performance | +0.08% | +0.24% |
| AuM | $660.50 M | $22.65 M |
| E/R | 0.87% | 1.39% |
Characteristics
HEGD | MVPL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | Miller Value Funds |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | February 28, 2024 |
| ESG | No | No |
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Exposure
Countries
HEGD
USA
82.45%
Other
17.55%
MVPL
USA
96.4%
Other
3.6%
Sectors
HEGD
Information Techn.
28.86%
Financials
8.83%
Communication Ser.
8.7%
Consumer Discreti.
8.52%
Health Care
7.93%
Industrials
7.08%
Other
30.08%
MVPL
Information Techn.
33.74%
Financials
10.33%
Communication Ser.
10.17%
Consumer Discreti.
9.96%
Health Care
9.27%
Industrials
8.28%
Other
18.25%
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Diversification
HEGD
Total weight of top 15 holdings out of 15
36.14%
MVPL
Total weight of top 15 holdings out of 15
42.26%
Top 15 holdings
Data as of March 31, 2026
HEGD
NVIDIA
6.44%
APPLE
5.67%
MICROSOFT-T
4.18%
AMAZON.COM INC
3.09%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.23%
ALPHABET INC-CL
2.04%
META PLATFORMS
1.90%
TESLA
1.59%
BERKSHIRE HATHWAY
1.34%
JPMORGAN CHASE
1.21%
LILLY
1.11%
EXXON
1.08%
JOHNSON&JOHNSON
0.90%
WALMART INC
0.83%
MVPL
NVIDIA
7.53%
APPLE
6.62%
MICROSOFT-T
4.89%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.98%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.39%
META PLATFORMS
2.22%
TESLA
1.86%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.41%
LILLY
1.30%
EXXON
1.26%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about HEGD and MVPL
How have the HEGD and MVPL ETFs performed in 2026?
As of April 24, 2026, HEGD is up 2.85% year-to-date (YTD), while MVPL has returned 7.89%. That puts MVPL better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or MVPL?
Year-to-date, the HEGD ETF saw +$41M in flows, compared to +$352K for MVPL.
Which ETF is more volatile: HEGD or MVPL?
Over the past year, HEGD had a volatility of 7.02%, while MVPL experienced 21.92%.
Which ETF is bigger: HEGD or MVPL?
As of April 24, 2026, HEGD holds $660.50 M in assets under management (AUM), while MVPL manages $22.65 M.
What sectors do the HEGD and MVPL ETFs invest in?
HEGD leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, MVPL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the HEGD ETF and MVPL ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. MVPL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or MVPL?
HEGD holds 502 securities with 36.14% of its assets in the top 15. MVPL has 502 securities and a top 15 weight of 42.26%.
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