IVVvsHEGDETF Comparison
VS
iShares Core S&P 500 ETF (IVV) belongs to the US Large Cap segment. Swan Hedged Equity US Large Cap ETF (HEGD) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IVV is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.87% for HEGD. IVV is up 9.34% year-to-date (YTD) with +$36.49B in YTD flows. HEGD performs worse with 4.82% YTD performance, and +$75M in YTD flows. Run a side-by-side ETF comparison of IVV and HEGD 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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IVV vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVV HEGD | -0.77%-0.80% | +3.45%+1.63% | +9.34%+4.82% | +18.26%+11.25% | +68.57%+41.86% | +81.56%+45.58% |
| Flows | IVV HEGD | -$17.94B+$6M | +$42.50B+$33M | +$36.49B+$75M | +$104.89B+$204M | +$228.85B+$451M | +$274.26B+$501M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVV HEGD | +13.47%+9.34% | +12.96%+7.80% | +15.10%+8.28% | +17.03%+9.28% |
| Max drawdown | IVV HEGD | -4.46%-3.16% | -8.90%-4.33% | -18.75%-8.39% | -24.51%-14.21% |
| Max drawdown duration | IVV HEGD | 58d58d | 76d77d | 126d124d | 708d721d |
Trading data
IVV | HEGD | |
Last sale 7/31/2026 at 1:30 PM | $750.32 | $26.61 |
| Previous close 07/30/2026 | $745.20 | $26.50 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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HEGD
is actively managed and doesn’t replicate an indexIVV | HEGD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
IVV | HEGD | |
|---|---|---|
| Last price | $750.32 | $26.61 |
| 1D performance | +0.69% | +0.42% |
| AuM | $865.19 B | $707.01 M |
| E/R | 0.03% | 0.87% |
Characteristics
IVV | HEGD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Swan Capital Management |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 497 | 496 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 15, 2000 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
IVV
USA
97.51%
Other
2.49%
HEGD
USA
89.01%
Other
10.99%
Sectors
IVV
Technology
45.76%
Finance
13.15%
Consumer Non-Cycl.
8.77%
Healthcare
8.67%
Industrials
7.94%
Other
15.71%
HEGD
Technology
41.81%
Finance
12.01%
Consumer Non-Cycl.
8.01%
Healthcare
7.92%
Industrials
7.26%
Other
22.99%
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Diversification
IVV
Total weight of top 15 holdings out of 15
43.1%
HEGD
Total weight of top 15 holdings out of 15
39.38%
Top 15 holdings
Data as of June 30, 2026
IVV
NVIDIA Corp.
7.51%
Apple, Inc.
6.58%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.25%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.59%
Micron Technology, Inc.
2.02%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
HEGD
NVIDIA Corp.
6.86%
Apple, Inc.
6.01%
Microsoft Corp.
3.92%
Amazon.com, Inc.
3.30%
Alphabet, Inc.
2.97%
Broadcom Inc.
2.53%
Alphabet, Inc.
2.36%
Micron Technology, Inc.
1.84%
Meta Platforms, Inc.
1.75%
Tesla, Inc.
1.68%
Eli Lilly & Co.
1.34%
Advanced Micro Devices, Inc.
1.34%
Berkshire Hathaway, Inc.
1.30%
JPMorgan Chase & Co.
1.24%
Intel Corp.
0.93%
Frequently asked questions about IVV and HEGD
How have the IVV and HEGD ETFs performed in 2026?
As of July 30, 2026, IVV is up 9.34% year-to-date (YTD), while HEGD has returned 4.82%. That puts IVV better performer ahead so far this year.
Which ETF is attracting more investor money: IVV or HEGD?
Year-to-date, the IVV ETF saw +$36.49B in flows, compared to +$75M for HEGD.
Which ETF is more volatile: IVV or HEGD?
Over the past year, IVV had a volatility of 12.96%, while HEGD experienced 7.8%.
Which ETF is bigger: IVV or HEGD?
As of July 30, 2026, IVV holds $865.19 B in assets under management (AUM), while HEGD manages $707.01 M.
What sectors do the IVV and HEGD ETFs invest in?
IVV leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HEGD focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IVV ETF and HEGD ETF?
IVV top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. HEGD holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: IVV or HEGD?
IVV holds 504 securities with 43.1% of its assets in the top 15. HEGD has 501 securities and a top 15 weight of 39.38%.
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