Compare · 2 funds side by side · dividends reinvested

HEGD and FHEQ

HEGDSwan×FHEQFidelity×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$14,533HEGD · best of the two

02 / 04

HEGD and FHEQ, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Fidelity Hedged Equity ETFDefined Outcome · Hedged equity0.52%0.59%+8.4%+7.5%[…][…]−7.8%10.1%$986M1.3

Swan Hedged Equity US Large Cap ETFDefined Outcome · Hedged equity0.88%0.34%+6.7%+6.2%+15.2%+7.8%−4.4%8.1%$731M1.5

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

End-of-day Nov 4, 2026 · returns include dividends · since: HEGD 2020 · FHEQ 2024

Head to Head

Swap sides Versus in desk

Head to Head

Swan Hedged Equity US Large Cap ETF · $731M$14,533

HEGD

FHEQ

Fidelity Hedged Equity ETF · $986M[…]

$10,000 five years ago, dividends reinvested · they hold 0.0% in common

HEGDMeasureFHEQ

+6.7%Year to dateJan 1 → Nov 4+8.4%

+6.2%1 yearTotal return+7.5%

+15.2%3 years · per year$10,000 became $15,284 · […][…]

+7.8%5 years · per year$10,000 became $14,533 · […][…]

0.88%Expense ratio$88 · $52 a year on $10k · lower is better0.52%

0.34%Trailing 12-mo yield$34 · $59 a year on $10k0.59%

−4.4%Worst dropSmaller is better−7.8%

8.1%VolatilityLower is calmer10.1%

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

2–4FHEQ wins

End-of-day Nov 4, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

HEGD vs FHEQ: Top 5 Holdings

Today

HEGD

93.3%in top 5

FHEQ

in top 526.5%

HEGDStockFHEQ

93.3%SPYnot top 5

not top 5NVDA7.4%

not top 5AAPL7.4%

not top 5MSFT5.2%

not top 5AMZN3.9%

not top 5AVGO2.6%

Held in common0.0%

End-of-day Nov 4, 2026 · share of each fund

HEGD vs FHEQ Returns, Every Period

SwanHEGD

+6.2%

past year

FHEQFidelity

+7.5%

past year

HEGDFHEQFaded: behind in that period

0–2FHEQ wins

End-of-day Nov 4, 2026 · dividends in · faded = behind in that period

HEGD vs FHEQ

YTD

SwanHEGD

+6.7%

FHEQFidelity

+8.4%

+6.7%Year to date+8.4%

−4.4%Worst drop · 1Y−7.8%

8.1%Volatility · 1Y10.1%

0.3%Yield0.6%

$731MAssets$986M

2–2level

End-of-day Nov 4, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: HEGD, FHEQ

Today

0.52%lowest, FHEQ

FundExpense ratioFee$10k

FHEQ0.52%$52

HEGD0.88%$88

End-of-day Nov 4, 2026 · fee on $10,000 a year

Yields: HEGD, FHEQ

0.59%highest, FHEQ

FundTrailing yieldYield$10k

FHEQ0.59%$59

HEGD0.34%$34

End-of-day Nov 4, 2026 · trailing 12-month yield

Income After Fees on $10,000

$7most kept, FHEQ

FHEQ$59 − $52 = $7

HEGD$34 − $88 = −$54

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee

Overlap: HEGD, FHEQ

Today

0.0%most shared, HEGD and FHEQ

HEGDFHEQ

HEGD—0.0%

FHEQ0.0%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

+7.5%FHEQ, at 10.1% volatility

HEGDWorst drop−4.4%8.1% vol

FHEQWorst drop−7.8%10.1% vol

End-of-day Nov 4, 2026 · up and left is better

Paid More vs Made More

YTD

FHEQHEGD

+8.4%Year to date+6.7%

0.6%Yield0.3%

+7.5%Past year+6.2%

0.52%Fee0.88%

4–0FHEQ wins

End-of-day Nov 4, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+8.8%

+8.5%Year to date+8.8%

12.2%Yield7.8%

$42.1BAssets$46.1B

1–1level

End-of-day Nov 4, 2026

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$182BAssets$805B

1–0SPYM wins

End-of-day Nov 4, 2026