HEGDvsSPYMETF Comparison
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Swan Hedged Equity US Large Cap ETF (HEGD) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. HEGD is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.02% for SPYM. HEGD is up 2.66% year-to-date (YTD) with +$42M in YTD flows. SPYM performs better with 4.62% YTD performance, and +$33.17B in YTD flows. Run a side-by-side ETF comparison of HEGD and SPYM 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 SPYM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD SPYM | +6.01%+12.56% | +1.50%+2.69% | +2.66%+4.62% | +17.67%+29.89% | +47.52%+78.28% | +46.74%+81.95% |
| Flows | HEGD SPYM | +$29M+$8.67B | +$27M+$25.49B | +$42M+$33.17B | +$206M+$52.77B | +$420M+$89.99B | +$512M+$97.24B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD SPYM | +7.42%+15.25% | +7.02%+12.46% | +8.11%+14.91% | +9.17%+16.94% |
| Max drawdown | HEGD SPYM | -4.30%-8.88% | -4.33%-8.89% | -8.39%-18.74% | -14.21%-24.50% |
| Max drawdown duration | HEGD SPYM | 71d70d | 77d76d | 124d126d | 721d708d |
Trading data
HEGD | SPYM | |
Last sale 4/30/2026 at 7:59 PM | $26.04 | |
| Previous close 04/29/2026 | $25.86 | |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 2026
1-year trailing difference
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HEGD
is actively managed and doesn’t replicate an indexHEGD | SPYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 7:59 PM
Live
Closed
HEGD | SPYM | |
|---|---|---|
| Last price | $26.04 | – |
| 1D performance | +0.70% | – |
| AuM | $660.04 M | $136.16 B |
| E/R | 0.87% | 0.02% |
Characteristics
HEGD | SPYM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Swan Capital Management | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
HEGD
USA
82.45%
Other
17.55%
SPYM
USA
96.87%
Other
3.13%
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%
SPYM
Information Techn.
33.91%
Financials
10.38%
Communication Ser.
10.22%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.32%
Other
17.84%
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Diversification
HEGD
Total weight of top 15 holdings out of 15
36.14%
SPYM
Total weight of top 15 holdings out of 15
42.47%
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%
SPYM
NVIDIA
7.57%
APPLE
6.66%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about HEGD and SPYM
How have the HEGD and SPYM ETFs performed in 2026?
As of April 29, 2026, HEGD is up 2.66% year-to-date (YTD), while SPYM has returned 4.62%. That puts SPYM better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or SPYM?
Year-to-date, the HEGD ETF saw +$42M in flows, compared to +$33.17B for SPYM.
Which ETF is more volatile: HEGD or SPYM?
Over the past year, HEGD had a volatility of 7.02%, while SPYM experienced 12.46%.
Which ETF is bigger: HEGD or SPYM?
As of April 29, 2026, HEGD holds $660.04 M in assets under management (AUM), while SPYM manages $136.16 B.
What sectors do the HEGD and SPYM ETFs invest in?
HEGD leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SPYM focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the HEGD ETF and SPYM ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or SPYM?
HEGD holds 502 securities with 36.14% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 42.47%.
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