MVPLvsHEGDETF Comparison
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Miller Value Partners Leverage ETF (MVPL) belongs to the Alternatives 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: Information Technology, Financials and Communication Services. MVPL is more expensive with a Total Expense Ratio (TER) of 1.39%, versus 0.87% for HEGD. MVPL is up 7.89% year-to-date (YTD) with +$352K in YTD flows. HEGD performs worse with 2.85% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of MVPL 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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MVPL vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MVPL HEGD | +14.78%+4.96% | +4.93%+1.92% | +7.89%+2.85% | +52.32%+18.83% | n/a+48.19% | n/a+47.65% |
| Flows | MVPL HEGD | -+$28M | +$352K+$30M | +$352K+$41M | +$11M+$202M | -+$419M | -+$512M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MVPL HEGD | +22.83%+7.39% | +21.92%+7.02% | n/a+8.16% | n/a+9.17% |
| Max drawdown | MVPL HEGD | -12.22%-4.33% | -12.70%-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | MVPL HEGD | 77d77d | 168d77d | n/a124d | n/a721d |
Trading data
MVPL | HEGD | |
Last sale 4/27/2026 at 1:30 PM | $39.23 | $26.00 |
| Previous close 04/24/2026 | $39.13 | $25.98 |
| Consolidated volume 04/24/2026 | ||
| 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
MVPL | HEGD | |
|---|---|---|
| Last price | $39.23 | $26.00 |
| 1D performance | +0.24% | +0.08% |
| AuM | $22.65 M | $660.50 M |
| E/R | 1.39% | 0.87% |
Characteristics
MVPL | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Miller Value Funds | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 28, 2024 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
MVPL
USA
96.4%
Other
3.6%
HEGD
USA
82.45%
Other
17.55%
Sectors
MVPL
Information Techn.
33.74%
Financials
10.33%
Communication Ser.
10.17%
Consumer Discreti.
9.96%
Health Care
9.27%
Industrials
8.28%
Other
18.25%
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%
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Diversification
MVPL
Total weight of top 15 holdings out of 15
42.26%
HEGD
Total weight of top 15 holdings out of 15
36.14%
Top 15 holdings
Data as of March 31, 2026
MVPL
NVIDIA
7.53%
APPLE
6.62%
MICROSOFT-T
4.89%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.98%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.39%
META PLATFORMS
2.22%
TESLA
1.86%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.41%
LILLY
1.30%
EXXON
1.26%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
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%
Frequently asked questions about MVPL and HEGD
How have the MVPL and HEGD ETFs performed in 2026?
As of April 24, 2026, MVPL is up 7.89% year-to-date (YTD), while HEGD has returned 2.85%. That puts MVPL better performer ahead so far this year.
Which ETF is attracting more investor money: MVPL or HEGD?
Year-to-date, the MVPL ETF saw +$352K in flows, compared to +$41M for HEGD.
Which ETF is more volatile: MVPL or HEGD?
Over the past year, MVPL had a volatility of 21.92%, while HEGD experienced 7.02%.
Which ETF is bigger: MVPL or HEGD?
As of April 24, 2026, MVPL holds $22.65 M in assets under management (AUM), while HEGD manages $660.50 M.
What sectors do the MVPL and HEGD ETFs invest in?
MVPL leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, HEGD focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the MVPL ETF and HEGD ETF?
MVPL top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: MVPL or HEGD?
MVPL holds 502 securities with 42.26% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 36.14%.
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