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Defined Outcome

Swan·1 of 2 funds·97% of Swan’s moneyIn the market’s Defined Outcome bucket: 404 ETFs · $101B · +8.7% YTD

Data as of Nov 5, 2026 · a scoreboard, not advice

1Y record
1–0
Made money
100%
Assets
$730M
Share of Defined Outcome
1%

Story of the Week

Week of Nov 2, 2026
BUFR$10.9BHELO$4.8BBALT$3.2BSFLR$2.2BBUFD$2.2BBUFQ$1.7BFMAY$1.5BFJAN$1.5BFAUG$1.4BFSEP$1.4BDefined Outcome ETFs · current AUMSwan · 0 funds$0First Trust · 7 funds$20.6BThe 10 Largest Defined Outcome ETFsTodaySwan funds in gold0 of 10are Swan’s
02 / 03

Swan’s Total Defined Outcome Funds

1Y
1 funds · 100% made money new: under a year old
Made money$730M
Swan defined outcome ETFs · past-year returns · as of Nov 5, 2026 · one tile per fund, largest first
@TheETFTracker·theetftracker.com

Swan in Defined Outcome

Today
Swan $730MEveryone else $101B

Swan holds 1% of Defined Outcome AUM

Swan ETFs · current holdings · as of Nov 5, 2026
@TheETFTracker·theetftracker.com

Swan’s Defined Outcome Funds vs AUM

Today
0%of the funds1%of the AUM
Defined Outcome ETFsFundsAUM
Swan1 · 0%$730M · 1%
Everyone else403 · 100%$101B · 99%
Defined Outcome ETFs · current AUM · as of Nov 5, 2026 · 404 funds
@TheETFTracker·theetftracker.com

Top 1 Swan Defined Outcome ETFs

Today
$730M of $730M
#FundAUM ▼1YFee
1HEGDHedged Equity US Large Cap$730M+6.2%$0.88
Swan defined outcome ETFs · current AUM · as of Nov 5, 2026 · fee per $100 a year
@TheETFTracker·theetftracker.com

Compare Defined Outcome Names

HEGD vs BUFR

YTD
Swan · $730.1M
+6.7%
First Trust · $10.9B
+10.3%
Jan 1Nov 4+6.7%+10.3%
+6.2%Past year+11.8%
$730MAssets$10.9B
End-of-day Nov 4, 2026
@TheETFTracker·theetftracker.com

SCLZ vs HEGD

1Y
Swan · $19.2M
+9.9%
Swan · $730.1M
+6.2%
Nov 4, 2025Nov 4, 2026+9.9%+6.2%
+8.9%Year to date+6.7%
0.79%Fee0.88%
End-of-day Nov 4, 2026
@TheETFTracker·theetftracker.com

The Year in Swan Defined Outcome ETFs

Swan’s Defined Outcome ETF Record

1Y
1–0made money · lost
of 1 with a full year
100%all ETFs 78%
Each bar is one fund · 1Y return
0 lost1 made money
Swan defined outcome ETFs · past-year returns · as of Nov 5, 2026
@TheETFTracker·theetftracker.com

Swan’s Defined Outcome ETF Fees

Today
$0.88per $100 a year, typical
Funds at each fee · per $100 a year
1 fund at $0.88$730M · 100% of the money
Swan defined outcome ETFs · current fees · as of Nov 5, 2026
@TheETFTracker·theetftracker.com

Inside Defined Outcome

Largest ETFs in Each Kind

YTD
KindFunds3 biggestMoneyAssetsYTD
Buffer373BUFR · BUFD · BUFQ$86.4B+9.1%
Hedged equity31HELO · BALT · SFLR$14.8B+6.5%
Bold Swan fund among the kind’s 3 biggestWhole kindYTD asset-weighted
Defined Outcome ETFs · year-to-date returns, asset-weighted · as of Nov 5, 2026
@TheETFTracker·theetftracker.com