Compare · 2 funds side by side · dividends reinvested

NOVZ and HEGD

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$15,431NOVZ · best of the two

02 / 04

NOVZ and HEGD, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

TrueShares Structured Outcome (November) ETFDefined Outcome · Hedged equity0.79%3.42%+5.0%+5.5%+15.7%+9.1%−6.7%10.4%$37M1.3

Swan Hedged Equity US Large Cap ETFDefined Outcome · Hedged equity0.88%0.34%+4.0%+4.2%+14.0%+7.0%−4.6%8.5%$739M1.8

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

End-of-day Nov 6, 2026 · returns include dividends · since: NOVZ 2020 · HEGD 2020

Head to Head

Swap sides Versus in desk

Head to Head

TrueShares Structured Outcome (November) ETF · $37M$15,431

NOVZ

HEGD

Swan Hedged Equity US Large Cap ETF · $739M$14,042

$10,000 five years ago, dividends reinvested

NOVZMeasureHEGD

+5.0%Year to dateJan 1 → Nov 6+4.0%

+5.5%1 yearTotal return+4.2%

+15.7%3 years · per year$10,000 became $15,504 · $14,811+14.0%

+9.1%5 years · per year$10,000 became $15,431 · $14,042+7.0%

0.79%Expense ratio$79 · $88 a year on $10k · lower is better0.88%

3.42%Trailing 12-mo yield$342 · $34 a year on $10k0.34%

−6.7%Worst dropSmaller is better−4.6%

10.4%VolatilityLower is calmer8.5%

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

6–2NOVZ wins

End-of-day Nov 6, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

NOVZ vs HEGD: Top 5 Holdings

Today

NOVZ

[…]in top 5

HEGD

in top 592.2%

NOVZStockHEGD

not top 5SPY92.2%

Held in common[…]

End-of-day Nov 6, 2026 · share of each fund

NOVZ vs HEGD Returns, Every Period

TrueSharesNOVZ

+9.1%

5 years, per year

HEGDSwan

+7.0%

5 years, per year

NOVZHEGDFaded: behind in that period

4–0NOVZ wins

End-of-day Nov 6, 2026 · dividends in · faded = behind in that period

NOVZ vs HEGD

YTD

TrueSharesNOVZ

+5.0%

HEGDSwan

+4.0%

+5.0%Year to date+4.0%

−6.7%Worst drop · 1Y−4.6%

10.4%Volatility · 1Y8.5%

3.4%Yield0.3%

$37.1MAssets$739M

2–2level

End-of-day Nov 6, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: NOVZ, HEGD

Today

0.79%lowest, NOVZ

FundExpense ratioFee$10k

NOVZ0.79%$79

HEGD0.88%$88

End-of-day Nov 6, 2026 · fee on $10,000 a year

Yields: NOVZ, HEGD

3.42%highest, NOVZ

FundTrailing yieldYield$10k

NOVZ3.42%$342

HEGD0.34%$34

End-of-day Nov 6, 2026 · trailing 12-month yield

Income After Fees on $10,000

$263most kept, NOVZ

NOVZ$342 − $79 = $263

HEGD$34 − $88 = −$54

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee

Overlap: NOVZ, HEGD

Today

[…]holdings […]

NOVZHEGD

NOVZ—[…]

HEGD[…]—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

+5.5%NOVZ, at 10.4% volatility

HEGDWorst drop−4.6%8.5% vol

NOVZWorst drop−6.7%10.4% vol

End-of-day Nov 6, 2026 · up and left is better

Paid More vs Made More

YTD

NOVZHEGD

+5.0%Year to date+4.0%

3.4%Yield0.3%

+5.5%Past year+4.2%

0.79%Fee0.88%

4–0NOVZ wins

End-of-day Nov 6, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026