Swan Hedged Equity US Large Cap ETFHEGD

SwanDefined OutcomeHedged Equity#258 of 318 by YTD

$26.57

0.0% last session

+5.4% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Oct 5, 2026 – Nov 3, 2026HEGDS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	−2.1%	−2.5%	+5.4%	+4.9%	+51.4%	+43.2%	+64.7%
Peer average	+0.2%	−2.0%	−1.7%	+5.8%	+6.0%	+56.0%	+52.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $730M
Expense ratio: 0.88%
Distribution yield: 0.3%
NAV: $26.56
Volume: 83K
Avg. volume 30D: 65K
High today: $26.68
Low today: $26.56
Previous close: $26.58
52-week high: $27.47
52-week low: $24.39
Our risk indicator: 3/5

HEGD in One Breath

HEGD Among Hedged Equity ETFs

YTD

#1SIXHMeridian+17.5%$744M

#2RFLRInnovator+12.5%$95.5M

#3KSPYKraneShares+8.9%$133M

#4PHEQEaton Vance+8.8%$149M

#5JUNZTrueShares+8.4%$29.9M

#6JULZTrueShares+8.3%$38.2M

#7MAYZTrueShares+8.3%$32.9M

#8SEPZTrueShares+8.2%$104M

#22HEGDSwan+5.4%$730M

End-of-day Nov 4, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in HEGD

$10,000 in HEGD became

$14,316

In the S&P 500 (VOO)

$17,749

Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO

HEGD Returns by Period

Today

YTD

MAX

HEGD

0.0%

−2.1%

−2.5%

+5.4%

+4.9%

+51.4%

+43.2%

+64.7%

Peer average

+0.2%

−2.0%

−1.7%

+5.8%

+6.0%

+56.0%

+52.4%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

HEGD’s Defined Outcome Rank

YTD

#258of 318
defined outcome ETFs

Best · SIXH+17.5%

Average+7.4%

HEGD+5.4%

Worst · KBUF−17.8%

Defined Outcome ETFs by YTD return · Nov 4, 2026

HEGD Price and 52-Week Range

From the 52-week high

−3.3%

From the 52-week low

+8.9%

Today $26.56 – $26.68

Previous close $26.58

$26.57 now

52-week low$24.3952-week high$27.47

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

HEGD’s Share of Hedged Equity ETFs

Today

4.9%

of the $14.8B in 31 Hedged equity ETFs

HEGD$730M4.9%

HELO$4.8B32.7%

BALT$3.2B21.9%

28 others$6.0B40.5%

Hedged equity ETF AUM · Nov 4, 2026

HEGD Fee per $100 vs Peers

Today

$0.88a year
per $100

$88 a year on $10,000

SIXH$0.31

HELO$0.50

FHEQ$0.52

BALT$0.69

HEGD$0.88

SFLR$0.89

Expense ratio · Hedged equity peers · Nov 4, 2026

Inside HEGD

HEGD

Swan Hedged Equity US Large Cap ETF

Today

HEGD reports no holdings we can show: […]

Swan HEGD · holdings

How It Compares

HEGD

Swan Hedged Equity US Large Cap ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+4.2%	+5.7%	$4.8B
BALT	InnovatorRead Desk	0.69%	+4.3%	+5.9%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+5.4%	+5.5%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+7.7%	+7.1%	$986M
SIXH	MeridianRead Desk	0.31%	+17.5%	+22.6%	$744M
HEGD	SwanThis fundRead Desk	0.88%	+5.4%	+4.9%	$730M

Hedged equity peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put HEGD head to head with HELO →

HELO vs HEGD

YTD

HELOJ.P. Morgan · Hedged equityHEGDSwan · Hedged equity

Year to date

+4.2%

+5.4%

HEGD wins+1.2 pts

Past year

+5.7%

+4.9%

HELO wins+0.8 pts

Fee

0.50%

0.88%

HELO winslower fee

Yield

0.6%

0.3%

HELO wins+0.2 pts

AUM

$4.8B

$730M

HELO6.6× more

3–1HELO wins

J.P. Morgan HELO and Swan HEGD · year-to-date · as of Nov 4, 2026 · AUM not scored

HEGD vs VOO

YTD

HEGD · Swan Hedged Equity US Large Cap

+5.4%

VOO · S&P 500

+11.5%

Gap

6.2 pts

Swan HEGD and Vanguard VOO · YTD total return · as of Nov 4, 2026

HEGD vs Its Peer Average

YTD

HEGDAvsBPeer average

1D0.0%+0.2%

1M−2.1%−2.0%

3M−2.5%−1.7%

YTD+5.4%+5.8%

1Y+4.9%+6.0%

3Y+51.4%+56.0%

5Y+43.2%+52.4%

0–7Peer average wins

30 Hedged equity peers · each row scaled to its leader

The Details

HEGD

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y7.99%

Deepest drop · 1Y−4.4%

Lowest point · 5Y−10.9%

52-week range

$26.57

$24.39−3.3% from the high$27.47

Swan HEGD · past-year price moves · as of Nov 4, 2026

HEGD

Fund Facts

Today

2020launched Dec 22

Tracks[…]

Exchange · CUSIPCBOE · 53656F599

StructureETF

Leverage1x

Cost on $10,000$88 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Swan HEGD · fund facts · as of Nov 4, 2026

HEGD

Payouts by Year

$0.0903per share, Dec 2025

Distribution yield0.3%

PaidOnce a year, in December

Latest ex-date · paidDec 23 · Dec 24, 2025

5 payouts added up$0.47 a share

Swan HEGD · distributions by ex-date · 2021–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-08-31 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-05-31 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-02-28 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$26.56

Premium / discount[…]

Median spread · 30D[…]

Volume today83K

Average volume · 30D65K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.88%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$88.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 23, 2025	Dec 24, 2025	$0.0903
Dec 27, 2024	Dec 30, 2024	$0.0964
Dec 28, 2023	Jan 2, 2024	$0.0759
Dec 29, 2022	Jan 3, 2023	$0.15
Dec 29, 2021	Dec 31, 2021	$0.0614

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