HEGD vs VOO
Swan Hedged Equity US Large Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HEGD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.87% | 0.03% | |
| AUM | $707M | $979.0B | |
| Dividend Yield | 0.34% | 1.09% | |
| Holdings | 13 | 509 | |
| YTD Return | +7.38% | +13.44% | |
| 1Y Return | +13.62% | +22.62% | |
| 3Y Return (annualized) | +13.69% | +21.47% | |
| 5Y Return (annualized) | +8.28% | +13.27% | |
| Volatility (annualized) | 8.7% | 14.1% | |
| Max Drawdown | -14.6% | -34.3% | |
| Fund Family | Swan Capital Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 22, 2020 | Sep 7, 2010 |
HEGD vs VOO Performance
Swan Hedged Equity US Large Cap ETF (HEGD) is a ETF from Swan Capital Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HEGD returned +13.62% while VOO returned +22.62%. Year to date, HEGD is up 7.38% versus a gain of 13.44% for VOO.
Over three years, HEGD compounded at +13.69% per year against +21.47% for VOO; over five years the annualized figures are +8.28% and +13.27% respectively. Across the full 6-year window we track, VOO has the edge at +13.55% annualized vs +9.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.7% for HEGD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.6% for HEGD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HEGD charges 0.87% per year while VOO charges 0.03%. On a $10,000 position that is $87 vs $3 annually, a gap of $84 per year that compounds over a long holding period. On income, HEGD currently yields 0.34% against 1.09% for VOO.
Holdings Overlap
HEGD and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEGD or VOO?
HEGD has an expense ratio of 0.87% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, HEGD or VOO?
Over the past year HEGD returned +13.62% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), HEGD annualized +9.64% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, HEGD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.7% for HEGD. Worst drawdown: HEGD -14.6% vs VOO -34.3%.
Should I hold both HEGD and VOO?
HEGD and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HEGD and VOO?
HEGD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, HEGD or VOO?
HEGD yields 0.34% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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