HEGDvsUMARETF Comparison
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Swan Hedged Equity US Large Cap ETF (HEGD) and Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) belong to the same industry segment: Options Strategies. 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 0.79% for UMAR. HEGD is up 2.95% year-to-date (YTD) with +$41M in YTD flows. UMAR performs better with 3.57% YTD performance, and +$86M in YTD flows. Run a side-by-side ETF comparison of HEGD and UMAR 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 UMAR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEGD UMAR | +6.22%+5.79% | +1.70%+2.70% | +2.95%+3.57% | +18.42%+16.87% | +48.35%+43.14% | +47.88%+43.56% |
| Flows | HEGD UMAR | +$28M+$68M | +$30M+$90M | +$41M+$86M | +$200M+$57M | +$419M+$94M | +$511M+$130M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEGD UMAR | +7.37%+6.75% | +7.03%+5.28% | +8.11%+6.73% | +9.17%+6.91% |
| Max drawdown | HEGD UMAR | -4.33%-3.74% | -4.33%-3.74% | -8.39%-7.40% | -14.21%-8.87% |
| Max drawdown duration | HEGD UMAR | 77d40d | 77d40d | 124d73d | 721d483d |
Trading data
HEGD | UMAR | |
Last sale 4/27/2026 at 1:30 PM | $26.00 | $41.35 |
| Previous close 04/27/2026 | $25.98 | $41.39 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
HEGD | UMAR | |
|---|---|---|
| Last price | $26.00 | $41.35 |
| 1D performance | +0.08% | -0.10% |
| AuM | $661.13 M | $209.99 M |
| E/R | 0.87% | 0.79% |
Characteristics
HEGD | UMAR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Swan Capital Management | Innovator |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2020 | March 2, 2020 |
| ESG | No | No |
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Exposure
Countries
HEGD
USA
82.45%
Other
17.55%
UMAR
USA
91.26%
Other
8.74%
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%
UMAR
Information Techn.
31.98%
Financials
9.67%
Communication Ser.
9.65%
Consumer Discreti.
9.44%
Health Care
8.79%
Industrials
7.85%
Other
22.62%
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Diversification
HEGD
Total weight of top 15 holdings out of 15
36.14%
UMAR
Total weight of top 15 holdings out of 15
40%
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%
UMAR
NVIDIA
7.15%
APPLE
6.28%
MICROSOFT-T
4.63%
AMAZON.COM INC
3.43%
ALPHABET INC-CL
2.82%
BROADCOM LIMITED
2.47%
ALPHABET INC-CL
2.26%
META PLATFORMS
2.11%
TESLA
1.76%
BERKSHIRE HATHWAY
1.48%
JPMORGAN CHASE
1.26%
LILLY
1.23%
EXXON
1.20%
JOHNSON&JOHNSON
0.99%
WALMART INC
0.92%
Frequently asked questions about HEGD and UMAR
How have the HEGD and UMAR ETFs performed in 2026?
As of April 27, 2026, HEGD is up 2.95% year-to-date (YTD), while UMAR has returned 3.57%. That puts UMAR better performer ahead so far this year.
Which ETF is attracting more investor money: HEGD or UMAR?
Year-to-date, the HEGD ETF saw +$41M in flows, compared to +$86M for UMAR.
Which ETF is more volatile: HEGD or UMAR?
Over the past year, HEGD had a volatility of 7.03%, while UMAR experienced 5.28%.
Which ETF is bigger: HEGD or UMAR?
As of April 27, 2026, HEGD holds $661.13 M in assets under management (AUM), while UMAR manages $209.99 M.
What sectors do the HEGD and UMAR ETFs invest in?
HEGD leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, UMAR focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the HEGD ETF and UMAR ETF?
HEGD top holdings include NVIDIA, APPLE and MICROSOFT-T. UMAR holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: HEGD or UMAR?
HEGD holds 502 securities with 36.14% of its assets in the top 15. UMAR has 503 securities and a top 15 weight of 40%.
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