Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
HEGDvsOVLETF Comparison
Swan Hedged Equity US Large Cap ETF (HEGD) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. HEGD's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, OVL's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. HEGD is more expensive with a Total Expense Ratio (TER) of 0.88%, versus 0.79% for OVL. HEGD is down -0.15% year-to-date (YTD) with +$9M in YTD flows. OVL performs better with 0.2% YTD performance, and -$103K in YTD flows. Run a side-by-side ETF comparison of HEGD and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
HEGD vs OVL performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD OVL | -1.13%-2.09% | -0.95%-0.76% | -0.15%+0.20% | +15.43%+26.09% | +49.98%+90.51% | +48.81%+84.46% |
| Flows | HEGD OVL | -$7M+$2M | +$12M-$2M | +$9M-$103K | +$185M-$16M | +$388M-$33M | +$490M-$8M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD OVL | +6.03%+14.26% | +8.32%+20.39% | +8.14%+16.95% | +9.16%+18.81% |
| Max drawdown | HEGD OVL | -1.80%-3.24% | -4.69%-15.55% | -8.39%-21.55% | -14.21%-28.68% |
| Max drawdown duration | HEGD OVL | 12d14d | 36d45d | 124d133d | 721d745d |
HEGD | OVL | |
Last sale 3/12/2026 at 1:42 PM | $25.10 | $52.45 |
| Previous close 03/11/2026 | $25.18 | $52.37 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
HEGD | OVL | |
|---|---|---|
| Last price | $25.10 | $52.45 |
| 1D performance | -0.33% | +0.15% |
| AuM | $608.73 M | $178.12 M |
| E/R | 0.88% | 0.79% |
HEGD | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | September 25, 2019 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the HEGD and OVL ETFs performed in 2026?
As of March 11, 2026, HEGD is down -0.15% year-to-date (YTD), while OVL has returned 0.2%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or OVL?
Year-to-date, the HEGD ETF saw +$9M in flows, compared to -$103K for OVL.
Which ETF is more volatile: HEGD or OVL?
Over the past year, HEGD had a volatility of 8.32%, while OVL experienced 20.39%.
Which ETF is bigger: HEGD or OVL?
As of March 11, 2026, HEGD holds $608.73 M in assets under management (AUM), while OVL manages $178.12 M.
What sectors do the HEGD and OVL ETFs invest in?
HEGD leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, OVL focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the HEGD ETF and OVL ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or OVL?
HEGD holds 502 securities with 39.41% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 43.91%.
Have you tried our ETF Compare tool?
Compare ETFs like a pro. Analyze fees, performance, exposure & holdings side-by-side.