Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
HEGDvsTSPYETF Comparison
Swan Hedged Equity US Large Cap ETF (HEGD) and TappAlpha SPY Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. HEGD is more expensive with a Total Expense Ratio (TER) of 0.88%, versus 0.77% for TSPY. HEGD is down -1.13% year-to-date (YTD) with +$10M in YTD flows. TSPY performs worse with -3.39% YTD performance, and +$95M in YTD flows. Run a side-by-side ETF comparison of HEGD and TSPY 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 TSPY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD TSPY | -1.45%-3.32% | -1.07%-2.89% | -1.13%-3.39% | +15.00%+19.77% | +48.51%n/a | +46.65%n/a |
| Flows | HEGD TSPY | -$7M+$17M | +$14M+$112M | +$10M+$95M | +$187M+$231M | +$389M- | +$487M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD TSPY | +6.04%+11.75% | +8.33%+20.08% | +8.15%n/a | +9.17%n/a |
| Max drawdown | HEGD TSPY | -2.33%-5.52% | -4.69%-13.19% | -8.39%n/a | -14.21%n/a |
| Max drawdown duration | HEGD TSPY | 45d39d | 36d50d | 124dn/a | 721dn/a |
HEGD | TSPY | |
Last sale 3/13/2026 at 1:30 PM | $24.94 | $23.79 |
| Previous close 03/12/2026 | $25.03 | $23.91 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
HEGD | TSPY | |
|---|---|---|
| Last price | $24.94 | $23.79 |
| 1D performance | -0.36% | -0.50% |
| AuM | $604.50 M | $248.03 M |
| E/R | 0.88% | 0.77% |
HEGD | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | August 14, 2024 |
| 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 TSPY ETFs performed in 2026?
As of March 13, 2026, HEGD is down -1.13% year-to-date (YTD), while TSPY has lost -3.39%. That puts HEGD better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or TSPY?
Year-to-date, the HEGD ETF saw +$10M in flows, compared to +$95M for TSPY.
Which ETF is more volatile: HEGD or TSPY?
Over the past year, HEGD had a volatility of 8.33%, while TSPY experienced 20.08%.
Which ETF is bigger: HEGD or TSPY?
As of March 13, 2026, HEGD holds $604.50 M in assets under management (AUM), while TSPY manages $248.03 M.
What sectors do the HEGD and TSPY ETFs invest in?
HEGD leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, TSPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the HEGD ETF and TSPY ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or TSPY?
HEGD holds 502 securities with 39.41% of its assets in the top 15. TSPY has 502 securities and a top 15 weight of 43.76%.
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
