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TSPYvsHEGDETF Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. TSPY is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.88% for HEGD. TSPY is down -2.87% year-to-date (YTD) with +$89M in YTD flows. HEGD performs better with -0.9% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of TSPY 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.
TSPY vs HEGD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPY HEGD | -2.71%-1.12% | -2.50%-0.95% | -2.87%-0.90% | +18.84%+14.45% | n/a+48.85% | n/a+47.54% |
| Flows | TSPY HEGD | +$14M-$7M | +$106M+$12M | +$89M+$9M | +$226M+$185M | -+$388M | -+$486M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPY HEGD | +11.71%+6.03% | +20.12%+8.36% | n/a+8.15% | n/a+9.17% |
| Max drawdown | TSPY HEGD | -5.01%-2.11% | -13.19%-4.69% | n/a-8.39% | n/a-14.21% |
| Max drawdown duration | TSPY HEGD | 38d44d | 50d36d | n/a124d | n/a721d |
TSPY | HEGD | |
Last sale 3/13/2026 at 1:30 PM | $23.79 | $24.94 |
| Previous close 03/12/2026 | $23.91 | $25.03 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
TSPY | HEGD | |
|---|---|---|
| Last price | $23.79 | $24.94 |
| 1D performance | -0.50% | -0.36% |
| AuM | $243.64 M | $604.13 M |
| E/R | 0.77% | 0.88% |
TSPY | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TappAlpha | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 14, 2024 | December 23, 2020 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TSPY and HEGD ETFs performed in 2026?
As of March 12, 2026, TSPY is down -2.87% year-to-date (YTD), while HEGD has lost -0.9%. That puts HEGD better performer ahead so far this year.
Which ETF is attracting more investor money: TSPY or HEGD?
Year-to-date, the TSPY ETF saw +$89M in flows, compared to +$9M for HEGD.
Which ETF is more volatile: TSPY or HEGD?
Over the past year, TSPY had a volatility of 20.12%, while HEGD experienced 8.36%.
Which ETF is bigger: TSPY or HEGD?
As of March 12, 2026, TSPY holds $243.64 M in assets under management (AUM), while HEGD manages $604.13 M.
What sectors do the TSPY and HEGD ETFs invest in?
TSPY leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, HEGD focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the TSPY ETF and HEGD ETF?
TSPY top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: TSPY or HEGD?
TSPY holds 502 securities with 43.76% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 39.41%.
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