HEGD vs VTI
Swan Hedged Equity US Large Cap ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | HEGD | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.87% | 0.03% | |
| AUM | $745M | $666.9B | |
| Dividend Yield | 0.34% | 1.07% | |
| Holdings | 10 | 3,543 | |
| YTD Return | +6.63% | +12.65% | |
| 1Y Return | +12.49% | +21.39% | |
| 3Y Return (annualized) | +13.74% | +21.54% | |
| 5Y Return (annualized) | +8.12% | +12.11% | |
| Volatility (annualized) | 8.7% | 15.3% | |
| Max Drawdown | -14.6% | -56.6% | |
| Fund Family | Swan Capital Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 22, 2020 | May 24, 2001 |
HEGD vs VTI Performance
Swan Hedged Equity US Large Cap ETF (HEGD) is a ETF from Swan Capital Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year HEGD returned +12.49% while VTI returned +21.39%. Year to date, HEGD is up 6.63% versus a gain of 12.65% for VTI.
Over three years, HEGD compounded at +13.74% per year against +21.54% for VTI; over five years the annualized figures are +8.12% and +12.11% respectively. Across the full 6-year window we track, HEGD has the edge at +9.47% annualized vs +8.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Holdings Overlap
HEGD and VTI share 0 holdings out of 2789 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 VTI?
HEGD has an expense ratio of 0.87% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, HEGD or VTI?
Over the past year HEGD returned +12.49% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (6 years), HEGD annualized +9.47% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, HEGD or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 8.7% for HEGD. Worst drawdown: HEGD -14.6% vs VTI -56.6%.
Should I hold both HEGD and VTI?
HEGD and VTI 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 VTI?
HEGD and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2789 unique securities.
Which pays a higher dividend, HEGD or VTI?
HEGD yields 0.34% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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