SPYMvsHEGDETF Comparison
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State Street SPDR Portfolio S&P 500 ETF (SPYM) belongs to the US Large Cap 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. SPYM is less expensive with a Total Expense Ratio (TER) of 0.02%, versus 0.87% for HEGD. SPYM is up 8.59% year-to-date (YTD) with +$30.60B in YTD flows. HEGD performs worse with 4.88% YTD performance, and +$55M in YTD flows. Run a side-by-side ETF comparison of SPYM 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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SPYM vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYM HEGD | -0.12%-0.46% | +9.44%+5.04% | +8.59%+4.88% | +24.25%+15.51% | +77.35%+47.10% | +86.88%+50.00% |
| Flows | SPYM HEGD | -$3.41B+$12M | +$19.88B+$47M | +$30.60B+$55M | +$47.38B+$195M | +$87.08B+$429M | +$94.25B+$503M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYM HEGD | +15.63%+8.81% | +12.39%+7.30% | +14.96%+8.15% | +16.98%+9.22% |
| Max drawdown | SPYM HEGD | -6.32%-3.16% | -8.89%-4.33% | -18.74%-8.39% | -24.50%-14.21% |
| Max drawdown duration | SPYM HEGD | 27d9d | 76d77d | 126d124d | 708d721d |
Trading data
SPYM | HEGD | |
Last sale 6/12/2026 at 1:30 PM | $26.59 | |
| Previous close 06/11/2026 | $26.49 | |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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HEGD
is actively managed and doesn’t replicate an indexSPYM | 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 6/12/2026 at 1:30 PM
Live
Closed
SPYM | HEGD | |
|---|---|---|
| Last price | – | $26.59 |
| 1D performance | – | +0.38% |
| AuM | $138.64 B | $687.06 M |
| E/R | 0.02% | 0.87% |
Characteristics
SPYM | HEGD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Swan Capital Management |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 478 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 8, 2005 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
SPYM
USA
96.96%
Other
3.04%
HEGD
USA
87.8%
Other
12.2%
Sectors
SPYM
Information Techn.
35.69%
Communication Ser.
10.97%
Consumer Discreti.
10.11%
Financials
9.89%
Health Care
8.37%
Industrials
8.08%
Other
16.89%
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
SPYM
Total weight of top 15 holdings out of 15
43.89%
HEGD
Total weight of top 15 holdings out of 15
39.75%
Top 15 holdings
Data as of April 30, 2026
SPYM
NVIDIA
7.85%
APPLE
6.45%
MICROSOFT-T
4.90%
AMAZON.COM INC
4.19%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
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 SPYM and HEGD
How have the SPYM and HEGD ETFs performed in 2026?
As of June 11, 2026, SPYM is up 8.59% year-to-date (YTD), while HEGD has returned 4.88%. That puts SPYM better performer ahead so far this year.
Which ETF is attracting more investor money: SPYM or HEGD?
Year-to-date, the SPYM ETF saw +$30.60B in flows, compared to +$55M for HEGD.
Which ETF is more volatile: SPYM or HEGD?
Over the past year, SPYM had a volatility of 12.39%, while HEGD experienced 7.3%.
Which ETF is bigger: SPYM or HEGD?
As of June 11, 2026, SPYM holds $138.64 B in assets under management (AUM), while HEGD manages $687.06 M.
What sectors do the SPYM and HEGD ETFs invest in?
SPYM 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 SPYM ETF and HEGD ETF?
SPYM top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYM or HEGD?
SPYM holds 504 securities with 43.89% of its assets in the top 15. HEGD has 503 securities and a top 15 weight of 39.75%.
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