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: Technology, Finance and Consumer Non-Cyclicals. 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 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPDF HEGD | -1.48%-1.18% | +2.71%+1.16% | n/a+3.85% | n/a+9.98% | n/a+40.55% | n/a+43.69% |
| Flows | SPDF HEGD | +$4M+$8M | +$19M+$33M | -+$75M | -+$204M | -+$451M | -+$501M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDF HEGD | +12.94%+9.20% | n/a+7.76% | n/a+8.27% | n/a+9.27% |
| Max drawdown | SPDF HEGD | -4.48%-3.16% | n/a-4.33% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | SPDF HEGD | 57d57d | n/a77d | n/a124d | n/a721d |
Trading data
SPDF | HEGD | |
Last sale 7/30/2026 at 1:30 PM | $27.18 | $26.50 |
| Previous close 07/29/2026 | $26.75 | $26.23 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/30/2026 at 1:30 PM
Live
Closed
SPDF | HEGD | |
|---|---|---|
| Last price | $27.18 | $26.50 |
| 1D performance | +1.61% | +1.03% |
| AuM | $22.88 M | $700.46 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 | 498 | 496 |
| 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
97.82%
Other
2.18%
HEGD
USA
89.01%
Other
10.99%
Sectors
SPDF
Technology
45.95%
Finance
13.2%
Consumer Non-Cycl.
8.81%
Healthcare
8.7%
Industrials
7.98%
Other
15.36%
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
SPDF
Total weight of top 15 holdings out of 15
43.28%
HEGD
Total weight of top 15 holdings out of 15
39.38%
Top 15 holdings
Data as of June 30, 2026
SPDF
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 SPDF and HEGD
Which ETF is bigger: SPDF or HEGD?
As of July 29, 2026, SPDF holds $22.88 M in assets under management (AUM), while HEGD manages $700.46 M.
What sectors do the SPDF and HEGD ETFs invest in?
SPDF 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 SPDF ETF and HEGD ETF?
SPDF 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: SPDF or HEGD?
SPDF holds 503 securities with 43.28% of its assets in the top 15. HEGD has 501 securities and a top 15 weight of 39.38%.
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