USPXvsHEGDETF Comparison
VS
Franklin U.S. Equity Index ETF (USPX) 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, Financials and Communication Services. USPX is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.87% for HEGD. USPX is up 4.28% year-to-date (YTD) with +$79M in YTD flows. HEGD performs worse with 2.56% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of USPX 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
USPX vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USPX HEGD | +12.61%+5.90% | +2.33%+1.33% | +4.28%+2.56% | +30.16%+17.97% | +78.77%+47.17% | +73.94%+47.37% |
| Flows | USPX HEGD | +$124M+$29M | +$51M+$31M | +$79M+$42M | +$295M+$200M | +$355M+$420M | +$1.00B+$512M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USPX HEGD | +15.34%+7.42% | +12.54%+7.03% | +15.06%+8.11% | +15.54%+9.17% |
| Max drawdown | USPX HEGD | -9.13%-4.32% | -9.15%-4.33% | -19.03%-8.39% | -24.64%-14.21% |
| Max drawdown duration | USPX HEGD | 76d76d | 92d77d | 126d124d | 712d721d |
Trading data
USPX | HEGD | |
Last sale 4/29/2026 at 1:30 PM | $62.17 | $25.86 |
| Previous close 04/28/2026 | $62.17 | $25.90 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
HEGD
is actively managed and doesn’t replicate an indexUSPX | HEGD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/29/2026 at 1:30 PM
Live
Closed
USPX | HEGD | |
|---|---|---|
| Last price | $62.17 | $25.86 |
| 1D performance | +0.00% | -0.15% |
| AuM | $1.81 B | $659.39 M |
| E/R | 0.03% | 0.87% |
Characteristics
USPX | HEGD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Franklin Templeton | Swan Capital Management |
| Benchmark | Morningstar US Target Market Exposure Index | - |
| N° of holdings | 456 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 1, 2016 | December 23, 2020 |
| ESG | No | No |
Advertisement
Exposure
Countries
USPX
USA
96.94%
Other
3.06%
HEGD
USA
82.45%
Other
17.55%
Sectors
USPX
Information Techn.
34.17%
Financials
10.39%
Communication Ser.
10.36%
Consumer Discreti.
9.89%
Health Care
9.43%
Industrials
8.33%
Other
17.43%
HEGD
Information Techn.
28.86%
Financials
8.83%
Communication Ser.
8.7%
Consumer Discreti.
8.52%
Health Care
7.93%
Industrials
7.08%
Other
30.08%
Advertisement
Diversification
USPX
Total weight of top 15 holdings out of 15
42.33%
HEGD
Total weight of top 15 holdings out of 15
36.14%
Top 15 holdings
Data as of March 31, 2026
USPX
NVIDIA
7.27%
APPLE
6.73%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.69%
ALPHABET INC-CL
2.96%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.58%
META PLATFORMS
2.17%
TESLA
1.90%
BERKSHIRE HATHWAY
1.58%
JPMORGAN CHASE
1.43%
LILLY
1.28%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.95%
HEGD
NVIDIA
6.44%
APPLE
5.67%
MICROSOFT-T
4.18%
AMAZON.COM INC
3.09%
ALPHABET INC-CL
2.55%
BROADCOM LIMITED
2.23%
ALPHABET INC-CL
2.04%
META PLATFORMS
1.90%
TESLA
1.59%
BERKSHIRE HATHWAY
1.34%
JPMORGAN CHASE
1.21%
LILLY
1.11%
EXXON
1.08%
JOHNSON&JOHNSON
0.90%
WALMART INC
0.83%
Frequently asked questions about USPX and HEGD
How have the USPX and HEGD ETFs performed in 2026?
As of April 28, 2026, USPX is up 4.28% year-to-date (YTD), while HEGD has returned 2.56%. That puts USPX better performer ahead so far this year.
Which ETF is attracting more investor money: USPX or HEGD?
Year-to-date, the USPX ETF saw +$79M in flows, compared to +$42M for HEGD.
Which ETF is more volatile: USPX or HEGD?
Over the past year, USPX had a volatility of 12.54%, while HEGD experienced 7.03%.
Which ETF is bigger: USPX or HEGD?
As of April 28, 2026, USPX holds $1.81 B in assets under management (AUM), while HEGD manages $659.39 M.
What sectors do the USPX and HEGD ETFs invest in?
USPX leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, HEGD focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the USPX ETF and HEGD ETF?
USPX top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: USPX or HEGD?
USPX holds 487 securities with 42.33% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 36.14%.
Advertisement
Advertisement
