VOOvsHEGDETF Comparison
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Vanguard S&P 500 ETF (VOO) 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. VOO is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.87% for HEGD. VOO is up 6% year-to-date (YTD) with +$48.99B in YTD flows. HEGD performs worse with 3.4% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of VOO 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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VOO vs HEGD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VOO HEGD | +10.02%+5.37% | +3.93%+2.19% | +6.00%+3.40% | +30.57%+17.94% | +80.64%+48.59% | +85.09%+48.37% |
| Flows | VOO HEGD | +$26.57B+$29M | +$32.71B+$26M | +$48.99B+$42M | +$131.02B+$205M | +$337.94B+$420M | +$411.88B+$511M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VOO HEGD | +15.33%+7.47% | +12.48%+7.02% | +14.82%+8.10% | +17.10%+9.17% |
| Max drawdown | VOO HEGD | -8.88%-4.30% | -8.90%-4.33% | -18.75%-8.39% | -24.52%-14.21% |
| Max drawdown duration | VOO HEGD | 70d71d | 76d77d | 126d124d | 708d721d |
Trading data
VOO | HEGD | |
Last sale 5/1/2026 at 1:30 PM | $662.52 | $26.11 |
| Previous close 04/29/2026 | $660.58 | $26.04 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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HEGD
is actively managed and doesn’t replicate an indexVOO | 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 5/1/2026 at 1:30 PM
Live
Closed
VOO | HEGD | |
|---|---|---|
| Last price | $662.52 | $26.11 |
| 1D performance | +0.29% | +0.27% |
| AuM | $930.55 B | $664.83 M |
| E/R | 0.03% | 0.87% |
Characteristics
VOO | HEGD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | Swan Capital Management |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 478 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2010 | December 23, 2020 |
| ESG | No | No |
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Exposure
Countries
VOO
USA
96.81%
Other
3.19%
HEGD
USA
82.45%
Other
17.55%
Sectors
VOO
Information Techn.
33.92%
Financials
10.25%
Communication Ser.
10.24%
Consumer Discreti.
10.02%
Health Care
9.33%
Industrials
8.33%
Other
17.91%
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%
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Diversification
VOO
Total weight of top 15 holdings out of 15
42.44%
HEGD
Total weight of top 15 holdings out of 15
36.14%
Top 15 holdings
Data as of March 31, 2026
VOO
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
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 VOO and HEGD
How have the VOO and HEGD ETFs performed in 2026?
As of May 1, 2026, VOO is up 6% year-to-date (YTD), while HEGD has returned 3.4%. That puts VOO better performer ahead so far this year.
Which ETF is attracting more investor money: VOO or HEGD?
Year-to-date, the VOO ETF saw +$48.99B in flows, compared to +$42M for HEGD.
Which ETF is more volatile: VOO or HEGD?
Over the past year, VOO had a volatility of 12.48%, while HEGD experienced 7.02%.
Which ETF is bigger: VOO or HEGD?
As of May 1, 2026, VOO holds $930.55 B in assets under management (AUM), while HEGD manages $664.83 M.
What sectors do the VOO and HEGD ETFs invest in?
VOO 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 VOO ETF and HEGD ETF?
VOO top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: VOO or HEGD?
VOO holds 503 securities with 42.44% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 36.14%.
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