HEGDvsSPYIETF Comparison
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Swan Hedged Equity US Large Cap ETF (HEGD) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. HEGD is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.68% for SPYI. HEGD is up 5.59% year-to-date (YTD) with +$96M in YTD flows. SPYI performs better with 10.37% YTD performance, and +$5.62B in YTD flows. Run a side-by-side ETF comparison of HEGD and SPYI 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 SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD SPYI | -0.67%-0.43% | +0.73%+2.86% | +5.59%+10.37% | +5.62%+12.11% | +51.20%+65.27% | +41.62%n/a |
| Flows | HEGD SPYI | -$2M+$392M | +$20M+$1.61B | +$96M+$5.62B | +$162M+$6.60B | +$406M+$11.87B | +$474M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD SPYI | +8.26%+8.40% | +7.90%+10.84% | +8.31%+12.51% | +9.32%n/a |
| Max drawdown | HEGD SPYI | -3.13%-2.18% | -4.33%-7.69% | -8.39%-16.58% | -14.21%n/a |
| Max drawdown duration | HEGD SPYI | 78d17d | 77d48d | 124d125d | 721dn/a |
Trading data
HEGD | SPYI | |
Last sale 11/2/2026 at 2:30 PM | $26.58 | $52.19 |
| Previous close 10/30/2026 | $26.65 | $52.43 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
HEGD | SPYI | |
|---|---|---|
| Last price | $26.58 | $52.19 |
| 1D performance | -0.26% | -0.45% |
| AuM | $732.42 M | $12.47 B |
| E/R | 0.87% | 0.68% |
Characteristics
HEGD | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
HEGD
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SPYI
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Sectors
HEGD
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SPYI
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Diversification
HEGD
Data will be available soon
SPYI
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Top 15 holdings
Data as of January 1, 1970
HEGD
Data will be available soon
SPYI
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Frequently asked questions about HEGD and SPYI
How have the HEGD and SPYI ETFs performed in 2026?
As of October 30, 2026, HEGD is up 5.59% year-to-date (YTD), while SPYI has returned 10.37%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or SPYI?
Year-to-date, the HEGD ETF saw +$96M in flows, compared to +$5.62B for SPYI.
Which ETF is more volatile: HEGD or SPYI?
Over the past year, HEGD had a volatility of 7.9%, while SPYI experienced 10.84%.
Which ETF is bigger: HEGD or SPYI?
As of October 30, 2026, HEGD holds $732.42 M in assets under management (AUM), while SPYI manages $12.47 B.
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