HEGDvsTSPYETF Comparison
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Swan Hedged Equity US Large Cap ETF (HEGD) and TappAlpha S&P 500 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 Consumer Discretionary. HEGD is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.71% for TSPY. HEGD is up 5.78% year-to-date (YTD) with +$56M in YTD flows. TSPY performs better with 7.88% YTD performance, and +$106M 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.
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HEGD vs TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD TSPY | +0.67%+1.31% | +7.15%+11.74% | +5.78%+7.88% | +16.97%+25.22% | +47.05%n/a | +52.91%n/a |
| Flows | HEGD TSPY | +$13M-$2M | +$45M+$17M | +$56M+$106M | +$195M+$237M | +$432M- | +$504M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD TSPY | +9.18%+15.13% | +7.43%+12.33% | +8.19%n/a | +9.24%n/a |
| Max drawdown | HEGD TSPY | -3.16%-4.47% | -4.33%-9.44% | -8.39%n/a | -14.21%n/a |
| Max drawdown duration | HEGD TSPY | 16d16d | 77d73d | 124dn/a | 721dn/a |
Trading data
HEGD | TSPY | |
Last sale 6/18/2026 at 1:30 PM | $26.72 | $25.63 |
| Previous close 06/18/2026 | $26.54 | $25.37 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
HEGD | TSPY | |
|---|---|---|
| Last price | $26.72 | $25.63 |
| 1D performance | +0.68% | +1.02% |
| AuM | $693.96 M | $279.19 M |
| E/R | 0.87% | 0.71% |
Characteristics
HEGD | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
HEGD
USA
87.8%
Other
12.2%
TSPY
USA
96.63%
Other
3.37%
Sectors
HEGD
Information Techn.
32.31%
Communication Ser.
9.94%
Consumer Discreti.
9.15%
Financials
8.96%
Health Care
7.58%
Industrials
7.32%
Other
24.74%
TSPY
Information Techn.
35.56%
Communication Ser.
10.94%
Consumer Discreti.
10.07%
Financials
9.86%
Health Care
8.34%
Industrials
8.05%
Other
17.17%
Diversification
HEGD
Total weight of top 15 holdings out of 15
39.75%
TSPY
Total weight of top 15 holdings out of 15
43.74%
Top 15 holdings
Data as of April 30, 2026
HEGD
NVIDIA
7.11%
APPLE
5.84%
MICROSOFT-T
4.44%
AMAZON.COM INC
3.79%
ALPHABET INC-CL
3.28%
BROADCOM LIMITED
2.90%
ALPHABET INC-CL
2.62%
META PLATFORMS
1.96%
TESLA
1.57%
BERKSHIRE HATHWAY
1.27%
JPMORGAN CHASE
1.24%
LILLY
1.09%
EXXON
0.95%
MICRON TECHNOLOGY
0.85%
WALMART INC
0.85%
TSPY
NVIDIA
7.82%
APPLE
6.42%
MICROSOFT-T
4.88%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.61%
BROADCOM LIMITED
3.19%
ALPHABET INC-CL
2.88%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.36%
LILLY
1.19%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
Frequently asked questions about HEGD and TSPY
How have the HEGD and TSPY ETFs performed in 2026?
As of June 18, 2026, HEGD is up 5.78% year-to-date (YTD), while TSPY has returned 7.88%. That puts TSPY better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or TSPY?
Year-to-date, the HEGD ETF saw +$56M in flows, compared to +$106M for TSPY.
Which ETF is more volatile: HEGD or TSPY?
Over the past year, HEGD had a volatility of 7.43%, while TSPY experienced 12.33%.
Which ETF is bigger: HEGD or TSPY?
As of June 18, 2026, HEGD holds $693.96 M in assets under management (AUM), while TSPY manages $279.19 M.
What sectors do the HEGD and TSPY ETFs invest in?
HEGD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, TSPY focuses on Information Technology, Communication Services and Consumer Discretionary.
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 503 securities with 39.75% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 43.74%.
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