ETHU vs HEGD

Comparison between 2X ETHER ETF (ETHU, ETF) and SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF).

ETHU vs HEGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ETHU(ETF)	HEGD(ETF)
Net Assets	$718M	$717M
Expense Ratio	N/A	0.87%
Max Drawdown	96.55%	14.56%
Sharpe Ratio	-0.60	1.15
5Y Beta	4.02	0.45

Net Assets

Winner

ETHU

$718M

HEGD

$717M

Expense Ratio

ETHU

N/A

HEGD

0.87%

Max Drawdown

ETHU

96.55%

Winner

HEGD

14.56%

Sharpe Ratio

ETHU

-0.60

Winner

HEGD

1.15

5Y Beta

ETHU

4.02

Winner

HEGD

0.45

ETHU vs HEGD - Holdings Comparison

ETHU and HEGD have 1 common holdings. Overlap is 0.26%

ETHU's top 25 holdings weight is 13.15%. HEGD's top 25 holdings weight is 114.83%.

Rank	ETHU	HEGD
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 13.15%	SPDR® S&P 500® ETF (SPY) - 91.90%
#2	N/A	OPTION ON S&P 500 PR (n/a) - 18.75%
#3	N/A	PUT ON S&P 500 DEC25 (n/a) - 3.54%
#4	N/A	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%
#5	N/A	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%
#6	N/A	US DOLLARS (n/a) - 0.00%
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	6

ETHU vs HEGD - Historical Returns

Returns include dividend reinvestment.

Period	ETHU	HEGD
1 month	+70.61%	+1.97%
3 months	+28.64%	+1.05%
6 months	+42.35%	+6.10%
1 year	-82.56%	+12.45%
5 years(CAGR)	N/A	+8.11%
Max(CAGR)	-66.45%	+9.48%

Winner

ETHU

+70.61%

HEGD

+1.97%

Winner

ETHU

+28.64%

HEGD

+1.05%

Winner

ETHU

+42.35%

HEGD

+6.10%

ETHU

-82.56%

Winner

HEGD

+12.45%

5Y(CAGR)

ETHU

N/A

HEGD

+8.11%

Max(CAGR)

ETHU

-66.45%

Winner

HEGD

+9.48%

ETHU vs HEGD - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	ETHU	HEGD
2026	-55.63%	+6.47%
2025	-66.64%	+12.82%
2024	-49.30%	+15.60%
2023	N/A	+14.46%
2022	N/A	-11.12%
2021	N/A	+18.11%
2020	N/A	+0.99%

ETHU vs HEGD Drawdown Comparison

The maximum drawdown for ETHU was -96.46%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The maximum drawdown for HEGD was -14.56%, occurring on Oct 12, 2022. Recovery took 495 trading sessions.

The current ETHU drawdown is -91.52%. The current HEGD drawdown is -1.64%.

Rank	ETHU	HEGD
#1	-96.46% Jun 5, 2024 - Jun 25, 2026	-14.56% Dec 29, 2021 - Dec 18, 2023
#2	N/A	-8.14% Feb 19, 2025 - Jun 24, 2025
#3	N/A	-4.58% Jul 10, 2024 - Aug 21, 2024
#4	N/A	-4.39% Jan 27, 2026 - Apr 15, 2026
#5	N/A	-3.57% Mar 28, 2024 - May 15, 2024
#6	N/A	-3.54% Sep 2, 2021 - Oct 26, 2021
#7	N/A	-3.38% Jun 2, 2026 - Aug 4, 2026
#8	N/A	-3.28% Feb 17, 2021 - Apr 5, 2021
#9	N/A	-2.84% Dec 6, 2024 - Jan 23, 2025
#10	N/A	-2.80% Nov 24, 2021 - Dec 23, 2021
#11	N/A	-2.79% Aug 30, 2024 - Sep 12, 2024
#12	N/A	-2.62% Oct 29, 2025 - Dec 11, 2025
#13	N/A	-2.50% May 7, 2021 - Jun 24, 2021
#14	N/A	-2.34% Oct 14, 2024 - Nov 6, 2024
#15	N/A	-2.05% Dec 11, 2025 - Jan 9, 2026

Correlation

Correlation between ETHU and HEGD is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101