SPDFvsHEGDETF Comparison
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Defender Risk Adaptive 500 ETF (SPDF) belongs to the Multi-Asset: Other 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, Communication Services and Consumer Discretionary. SPDF is less expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.87% for HEGD. Run a side-by-side ETF comparison of SPDF 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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SPDF vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPDF HEGD | +0.40%+0.02% | n/a+6.21% | n/a+5.25% | n/a+15.52% | n/a+47.61% | n/a+50.19% |
| Flows | SPDF HEGD | +$12M+$12M | -+$46M | -+$55M | -+$195M | -+$429M | -+$503M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDF HEGD | n/a+8.67% | n/a+7.30% | n/a+8.15% | n/a+9.22% |
| Max drawdown | SPDF HEGD | n/a-3.16% | n/a-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | SPDF HEGD | n/a10d | n/a77d | n/a124d | n/a721d |
Trading data
SPDF | HEGD | |
Last sale 6/12/2026 at 1:30 PM | $27.14 | $26.59 |
| Previous close 06/11/2026 | $27.05 | $26.49 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
SPDF | HEGD | |
|---|---|---|
| Last price | $27.14 | $26.59 |
| 1D performance | +0.33% | +0.38% |
| AuM | $17.77 M | $689.47 M |
| E/R | 0.69% | 0.87% |
Characteristics
SPDF | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Tamarisk Capital Management | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 17, 2026 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
SPDF
USA
96.67%
Other
3.33%
HEGD
USA
87.8%
Other
12.2%
Sectors
SPDF
Information Techn.
35.58%
Communication Ser.
10.94%
Consumer Discreti.
10.08%
Financials
9.86%
Health Care
8.35%
Industrials
8.05%
Other
17.13%
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%
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Diversification
SPDF
Total weight of top 15 holdings out of 15
43.76%
HEGD
Total weight of top 15 holdings out of 15
39.75%
Top 15 holdings
Data as of April 30, 2026
SPDF
NVIDIA
7.82%
APPLE
6.43%
MICROSOFT-T
4.89%
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%
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%
Frequently asked questions about SPDF and HEGD
Which ETF is bigger: SPDF or HEGD?
As of June 12, 2026, SPDF holds $17.77 M in assets under management (AUM), while HEGD manages $689.47 M.
What sectors do the SPDF and HEGD ETFs invest in?
SPDF leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, HEGD focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPDF ETF and HEGD ETF?
SPDF top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPDF or HEGD?
SPDF holds 504 securities with 43.76% of its assets in the top 15. HEGD has 503 securities and a top 15 weight of 39.75%.
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