Compare · 2 funds side by side · dividends reinvested

HEGD and BALT

HEGDSwan×BALTInnovator×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$14,316HEGD · best of the two

02 / 04

HEGD and BALT, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Swan Hedged Equity US Large Cap ETFDefined Outcome · Hedged equity0.88%0.34%+5.4%+4.9%+14.8%+7.4%−4.4%8.0%$730M1.5

Innovator Defined Wealth Shield ETFDefined Outcome · Hedged equity0.69%0.00%+4.3%+5.9%+8.1%+6.2%−1.2%2.3%$3.2B1.5

Rank among the two1st → 2ndFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 3, 2026 · returns include dividends · since: HEGD 2020 · BALT 2021

Head to Head

Swap sides Versus in desk

Head to Head

Swan Hedged Equity US Large Cap ETF · $730M$14,316

HEGD

BALT

Innovator Defined Wealth Shield ETF · $3.2B$13,514

$10,000 five years ago, dividends reinvested

HEGDMeasureBALT

+5.4%Year to dateJan 1 → Nov 3+4.3%

+4.9%1 yearTotal return+5.9%

+14.8%3 years · per year$10,000 became $15,140 · $12,621+8.1%

+7.4%5 years · per year$10,000 became $14,316 · $13,514+6.2%

0.88%Expense ratio$88 · $69 a year on $10k · lower is better0.69%

0.34%Trailing 12-mo yield$34 · $0 a year on $10k0.00%

−4.4%Worst dropSmaller is better−1.2%

8.0%VolatilityLower is calmer2.3%

HEGDBALT Winner of the row, in its colourEach row: the bigger of the two fills its side

4–4Level

End-of-day Nov 3, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

HEGD vs BALT: Top 5 Holdings

Today

HEGD

93.1%in top 5

BALT

in top 5[…]

HEGDStockBALT

93.1%SPYnot top 5

Held in common[…]

End-of-day Nov 3, 2026 · share of each fund

HEGD vs BALT Returns, Every Period

SwanHEGD

+7.4%

5 years, per year

BALTInnovator

+6.2%

5 years, per year

HEGDBALTFaded: behind in that period

3–1HEGD wins

End-of-day Nov 3, 2026 · dividends in · faded = behind in that period

HEGD vs BALT

YTD

SwanHEGD

+5.4%

BALTInnovator

+4.3%

+5.4%Year to date+4.3%

−4.4%Worst drop · 1Y−1.2%

8.0%Volatility · 1Y2.3%

0.3%Yield0.0%

$730MAssets$3.2B

2–2level

End-of-day Nov 3, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: HEGD, BALT

Today

0.69%lowest, BALT

FundExpense ratioFee$10k

BALT0.69%$69

HEGD0.88%$88

End-of-day Nov 3, 2026 · fee on $10,000 a year

Yields: HEGD, BALT

0.34%highest, HEGD

FundTrailing yieldYield$10k

HEGD0.34%$34

BALT0.00%$0

End-of-day Nov 3, 2026 · trailing 12-month yield

Income After Fees on $10,000

−$54most kept, HEGD

HEGD$34 − $88 = −$54

BALT$0 − $69 = −$69

KeptFee

End-of-day Nov 3, 2026 · yield in dollars minus the fee

Overlap: HEGD, BALT

Today

[…]holdings […]

HEGDBALT

HEGD—[…]

BALT[…]—

End-of-day Nov 3, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

+5.9%BALT, at 2.3% volatility

BALTWorst drop−1.2%2.3% vol

HEGDWorst drop−4.4%8.0% vol

End-of-day Nov 3, 2026 · up and left is better

Paid More vs Made More

YTD

HEGDBALT

+5.4%Year to date+4.3%

0.3%Yield0.0%

+4.9%Past year+5.9%

0.88%Fee0.69%

2–2level

End-of-day Nov 3, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+32.8%

VIGVanguard

+14.0%

+32.8%Year to date+14.0%

3.0%Yield1.5%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 3, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+7.5%

JEPIJ.P. Morgan

+7.0%

+7.5%Year to date+7.0%

12.3%Yield8.0%

$41.8BAssets$46.0B

2–0JEPQ wins

End-of-day Nov 3, 2026

SPYM vs SPY

YTD

SPDRSPYM

+11.5%

SPYSPDR

+11.5%

+11.5%Year to date+11.5%

1.0%Yield1.0%

$185BAssets$798B

0–0level

End-of-day Nov 3, 2026