Swan Hedged Equity US Large Cap ETFHEGD

SwanDefined OutcomeHedged Equity#242 of 318 by YTD

$26.90

+1.2% last session

+6.7% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 6, 2026 – Nov 4, 2026HEGDS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+1.2%	−1.4%	−1.0%	+6.7%	+6.2%	+52.8%	+45.3%	+66.8%
Peer average	+0.9%	−1.5%	−0.7%	+6.7%	+6.9%	+56.2%	+54.5%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $731M
Expense ratio: 0.88%
Distribution yield: 0.3%
NAV: $26.59
Volume: 67K
Avg. volume 30D: 65K
High today: $26.96
Low today: $26.80
Previous close: $26.57
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+18.4%$635M

#2RFLRInnovator+13.7%$96.7M

#3KSPYKraneShares+10.3%$135M

#4PHEQEaton Vance+9.7%$150M

#5MAYZTrueShares+9.6%$33.0M

#6JUNZTrueShares+9.5%$29.9M

#7JULZTrueShares+9.5%$38.3M

#8SEPZTrueShares+9.5%$104M

#20HEGDSwan+6.7%$731M

End-of-day Nov 5, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in HEGD

$10,000 in HEGD became

$14,533

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 2026 · S&P 500 uses VOO

HEGD Returns by Period

Today

YTD

MAX

HEGD

+1.2%

−1.4%

−1.0%

+6.7%

+6.2%

+52.8%

+45.3%

+66.8%

Peer average

+0.9%

−1.5%

−0.7%

+6.7%

+6.9%

+56.2%

+54.5%

—

S&P 500 · VOO

+1.6%

−1.6%

0.0%

+13.4%

+13.5%

+91.7%

+81.2%

—

End-of-day Nov 5, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

HEGD’s Defined Outcome Rank

YTD

#242of 318
defined outcome ETFs

Best · SIXH+18.4%

Average+8.3%

HEGD+6.7%

Worst · KBUF−17.1%

Defined Outcome ETFs by YTD return · Nov 5, 2026

HEGD Price and 52-Week Range

From the 52-week high

−2.1%

From the 52-week low

+10.3%

Today $26.80 – $26.96

Previous close $26.57

$26.90 now

52-week low$24.3952-week high$27.47

End-of-day Nov 5, 2026 · box = today’s range, dashed = previous close

HEGD’s Share of Hedged Equity ETFs

Today

4.9%

of the $14.9B in 31 Hedged equity ETFs

HEGD$731M4.9%

HELO$4.9B32.6%

BALT$3.3B22.0%

28 others$6.0B40.6%

Hedged equity ETF AUM · Nov 5, 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 5, 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%	+5.3%	+6.7%	$4.9B
BALT	InnovatorRead Desk	0.69%	+4.7%	+6.3%	$3.3B
SFLR	InnovatorRead Desk	0.89%	+6.7%	+6.6%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+8.4%	+7.5%	$986M
HEGD	SwanThis fundRead Desk	0.88%	+6.7%	+6.2%	$731M
SIXH	MeridianRead Desk	0.31%	+18.4%	+23.9%	$635M

Hedged equity peers · YTD and past-year returns · as of Nov 5, 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

+5.3%

+6.7%

HEGD wins+1.4 pts

Past year

+6.7%

+6.2%

HELO wins+0.6 pts

Fee

0.50%

0.88%

HELO winslower fee

Yield

0.6%

0.3%

HELO wins+0.2 pts

AUM

$4.9B

$731M

HELO6.6× more

3–1HELO wins

J.P. Morgan HELO and Swan HEGD · year-to-date · as of Nov 5, 2026 · AUM not scored

HEGD vs VOO

YTD

HEGD · Swan Hedged Equity US Large Cap

+6.7%

VOO · S&P 500

+13.4%

Gap

6.7 pts

Swan HEGD and Vanguard VOO · YTD total return · as of Nov 5, 2026

HEGD vs Its Peer Average

YTD

HEGDAvsBPeer average

1D+1.2%+0.9%

1M−1.4%−1.5%

3M−1.0%−0.7%

YTD+6.7%+6.7%

1Y+6.2%+6.9%

3Y+52.8%+56.2%

5Y+45.3%+54.5%

2–5Peer average wins

30 Hedged equity peers · each row scaled to its leader

The Details

HEGD

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y8.08%

Deepest drop · 1Y−4.4%

Lowest point · 5Y−10.9%

52-week range

$26.90

$24.39−2.1% from the high$27.47

Swan HEGD · past-year price moves · as of Nov 5, 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 5, 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$26.59

Premium / discount[…]

Median spread · 30D[…]

Volume today67K

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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