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SPYHvsHEGDETF Comparison

ETF 1

SPYH

NEOS S&P 500 Hedged Equity Income ETF

This fund is part of

Options Strategies

+0.4%

Full SPYH fund page

VS

ETF 2

HEGD

Swan Hedged Equity US Large Cap ETF

This fund is part of

Options Strategies

+0.4%

Full HEGD fund page

NEOS S&P 500 Hedged Equity Income ETF (SPYH) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. SPYH's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, HEGD's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. SPYH is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.87% for HEGD. SPYH is up 4.52% year-to-date (YTD) with +$12M in YTD flows. HEGD performs better with 5.25% YTD performance, and +$55M in YTD flows. Run a side-by-side ETF comparison of SPYH 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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SPYH vs HEGD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPYH HEGD	+0.33%+0.02%	+5.33%+6.21%	+4.52%+5.25%	+16.21%+15.52%	n/a+47.61%	n/a+50.19%
Flows	SPYH HEGD	+$3M+$12M	+$4M+$46M	+$12M+$55M	+$26M+$195M	-+$429M	-+$503M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPYH HEGD	+9.54%+8.67%	+8.18%+7.30%	n/a+8.15%	n/a+9.22%
Max drawdown	SPYH HEGD	-3.94%-3.16%	-5.98%-4.33%	n/a-8.39%	n/a-14.21%
Max drawdown duration	SPYH HEGD	22d10d	50d77d	n/a124d	n/a721d

Trading data

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	SPYH	HEGD
Last sale 6/12/2026 at 1:30 PM	$55.71	$26.59
Previous close 06/11/2026	$55.50	$26.49
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	SPYH	HEGD
Last price	$55.71	$26.59
1D performance	+0.38%	+0.38%
AuM	$30.08 M	$689.47 M
E/R	0.68%	0.87%

Characteristics

	SPYH	HEGD
Management strategy	Active	Active
Provider	NEOS Investment Management	Swan Capital Management
Benchmark	-	-
N° of holdings	455	478
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	April 2, 2025	December 23, 2020
ESG	No	No

More SPYH data on Trackinsight

More HEGD data on Trackinsight

Exposure

Countries

SPYH

USA

99.87%

Other

0.13%

HEGD

USA

87.8%

Other

12.2%

Sectors

SPYH

Information Techn.

37.39%

Communication Ser.

11.17%

Financials

10.44%

Consumer Discreti.

10.13%

Health Care

8.42%

Industrials

7.85%

Other

14.6%

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%

Diversification

SPYH

Total weight of top 15 holdings out of 15

46.19%

HEGD

Total weight of top 15 holdings out of 15

39.75%

Top 15 holdings

Data as of April 30, 2026

SPYH

NVIDIA

8.92%

APPLE

6.72%

MICROSOFT-T

5.28%

AMAZON.COM INC

4.33%

ALPHABET INC-CL

3.46%

BROADCOM LIMITED

3.35%

ALPHABET INC-CL

2.75%

META PLATFORMS

2.51%

TESLA

1.80%

BERKSHIRE HATHWAY

1.48%

JPMORGAN CHASE

1.47%

LILLY

1.12%

EXXON

1.06%

MICRON TECHNOLOGY

0.98%

WALMART INC

0.96%

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 SPYH and HEGD

How have the SPYH and HEGD ETFs performed in 2026?

As of June 12, 2026, SPYH is up 4.52% year-to-date (YTD), while HEGD has returned 5.25%. That puts HEGD better performer ahead so far this year.

Which ETF is attracting more investor money: SPYH or HEGD?

Year-to-date, the SPYH ETF saw +$12M in flows, compared to +$55M for HEGD.

Which ETF is more volatile: SPYH or HEGD?

Over the past year, SPYH had a volatility of 8.18%, while HEGD experienced 7.3%.

Which ETF is bigger: SPYH or HEGD?

As of June 12, 2026, SPYH holds $30.08 M in assets under management (AUM), while HEGD manages $689.47 M.

What sectors do the SPYH and HEGD ETFs invest in?

SPYH leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, HEGD focuses on Information Technology, Communication Services and Consumer Discretionary.

SPYHvsHEGDETF Comparison

NEOS S&P 500 Hedged Equity Income ETF

Swan Hedged Equity US Large Cap ETF

SPYH vs HEGD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SPYH and HEGD ETFs performed in 2026?

As of June 12, 2026, SPYH is up 4.52% year-to-date (YTD), while HEGD has returned 5.25%. That puts HEGD better performer ahead so far this year.

Which ETF is attracting more investor money: SPYH or HEGD?

Year-to-date, the SPYH ETF saw +$12M in flows, compared to +$55M for HEGD.

Which ETF is more volatile: SPYH or HEGD?

Over the past year, SPYH had a volatility of 8.18%, while HEGD experienced 7.3%.

Which ETF is bigger: SPYH or HEGD?

As of June 12, 2026, SPYH holds $30.08 M in assets under management (AUM), while HEGD manages $689.47 M.

What sectors do the SPYH and HEGD ETFs invest in?

SPYH leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, HEGD focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the SPYH ETF and HEGD ETF?

SPYH top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SPYH or HEGD?

SPYH holds 480 securities with 46.19% of its assets in the top 15. HEGD has 503 securities and a top 15 weight of 39.75%.

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