IVVWvsHEGDETF Comparison
VS
iShares S&P 500 BuyWrite ETF (IVVW) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IVVW is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.87% for HEGD. IVVW is up 8.94% year-to-date (YTD) with +$124M in YTD flows. HEGD performs worse with 7.62% YTD performance, and +$81M in YTD flows. Run a side-by-side ETF comparison of IVVW 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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IVVW vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVVW HEGD | +2.27%+1.42% | +5.37%+2.76% | +8.94%+7.62% | +19.00%+14.31% | n/a+46.52% | n/a+48.73% |
| Flows | IVVW HEGD | +$12M+$11M | +$61M+$39M | +$124M+$81M | +$157M+$206M | -+$463M | -+$506M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVVW HEGD | +10.06%+9.72% | +8.78%+7.85% | n/a+8.32% | n/a+9.31% |
| Max drawdown | IVVW HEGD | -2.76%-3.16% | -5.83%-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | IVVW HEGD | 8d62d | 50d77d | n/a124d | n/a721d |
Trading data
IVVW | HEGD | |
Last sale 8/7/2026 at 1:30 PM | $45.10 | $27.31 |
| Previous close 08/06/2026 | $45.01 | $27.17 |
| Consolidated volume 08/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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HEGD
is actively managed and doesn’t replicate an indexIVVW | 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 8/7/2026 at 1:30 PM
Live
Closed
IVVW | HEGD | |
|---|---|---|
| Last price | $45.10 | $27.31 |
| 1D performance | +0.20% | +0.51% |
| AuM | $338.35 M | $732.12 M |
| E/R | 0.25% | 0.87% |
Characteristics
IVVW | HEGD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Swan Capital Management |
| Benchmark | Cboe S&P 500 Enhanced 1% OTM BuyWrite Index | - |
| N° of holdings | 497 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 14, 2024 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
IVVW
USA
98.06%
Other
1.94%
HEGD
USA
89.01%
Other
10.99%
Sectors
IVVW
Technology
45.94%
Finance
13.2%
Consumer Non-Cycl.
8.8%
Healthcare
8.7%
Industrials
7.98%
Other
15.38%
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
IVVW
Total weight of top 15 holdings out of 15
43.27%
HEGD
Total weight of top 15 holdings out of 15
39.38%
Top 15 holdings
Data as of June 30, 2026
IVVW
NVIDIA Corp.
7.54%
Apple, Inc.
6.61%
Microsoft Corp.
4.31%
Amazon.com, Inc.
3.63%
Alphabet, Inc.
3.26%
Broadcom Inc.
2.78%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.02%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.84%
Eli Lilly & Co.
1.48%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.43%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.03%
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 IVVW and HEGD
How have the IVVW and HEGD ETFs performed in 2026?
As of August 6, 2026, IVVW is up 8.94% year-to-date (YTD), while HEGD has returned 7.62%. That puts IVVW better performer ahead so far this year.
Which ETF is attracting more investor money: IVVW or HEGD?
Year-to-date, the IVVW ETF saw +$124M in flows, compared to +$81M for HEGD.
Which ETF is more volatile: IVVW or HEGD?
Over the past year, IVVW had a volatility of 8.78%, while HEGD experienced 7.85%.
Which ETF is bigger: IVVW or HEGD?
As of August 6, 2026, IVVW holds $338.35 M in assets under management (AUM), while HEGD manages $732.12 M.
What sectors do the IVVW and HEGD ETFs invest in?
IVVW 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 IVVW ETF and HEGD ETF?
IVVW 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: IVVW or HEGD?
IVVW holds 504 securities with 43.27% of its assets in the top 15. HEGD has 501 securities and a top 15 weight of 39.38%.
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