HEGD vs CAOS
Comparison between SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF) and ALPHA ARCHITECT TAIL RISK ETF (CAOS, ETF).
HEGD vs CAOS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HEGD vs CAOS - Holdings Comparison
HEGD and CAOS have 2 common holdings. Overlap is -189.19%
HEGD's top 25 holdings weight is 114.83%. CAOS's top 25 holdings weight is 100.00%.
| Rank | HEGD | CAOS |
|---|---|---|
| #1 | SPDR® S&P 500® ETF (SPY) - 91.90% | OPTION ON STATE STREET® SPDR® S&P 500® ETF SEP26 (n/a) - 193.12% |
| #2 | OPTION ON S&P 500 PR (n/a) - 18.75% | SPY 06/18/2026 10010.01 P (n/a) - 175.17% |
| #3 | PUT ON S&P 500 DEC25 (n/a) - 3.54% | SPY 06/18/2026 10.01 C (n/a) - 13.45% |
| #4 | OTHER ASSETS AND LIABILITIES (n/a) - 0.38% | OPTION ON S&P 500 PR (n/a) - 7.34% |
| #5 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.23% |
| #6 | US DOLLARS (n/a) - 0.00% | OTHER ASSETS AND LIABILITIES (n/a) - 0.04% |
| #7 | N/A | SPY 06/18/2026 10.01 P (n/a) - 0.00% |
| #8 | N/A | SPY 06/18/2026 10010.01 C (n/a) - 0.00% |
| #9 | N/A | US DOLLARS (n/a) - -0.10% |
| #10 | N/A | CASH OFFSET (n/a) - -99.83% |
| #11 | N/A | OPTION ON INVESCO QQQ TRUST SERIES 1 USD JUN26 (n/a) - -189.42% |
| #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 | 6 | 11 |
HEGD vs CAOS - Historical Returns
Returns include dividend reinvestment.
HEGD vs CAOS - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | HEGD | CAOS |
|---|---|---|
| 2026 | +5.45% | +0.99% |
| 2025 | +12.82% | +2.72% |
| 2024 | +15.60% | +5.67% |
| 2023 | +14.46% | +7.97% |
| 2022 | -11.12% | N/A |
| 2021 | +18.11% | N/A |
| 2020 | +0.99% | N/A |
HEGD vs CAOS Drawdown Comparison
The maximum drawdown for HEGD was -14.56%, occurring on Oct 12, 2022. Recovery took 495 trading sessions.
The maximum drawdown for CAOS was -3.60%, occurring on May 9, 2025. This drawdown has not yet recovered.
The current HEGD drawdown is -1.46%. The current CAOS drawdown is -0.95%.
| Rank | HEGD | CAOS |
|---|---|---|
| #1 | -14.56% Dec 29, 2021 - Dec 18, 2023 | -3.60% Apr 8, 2025 - May 9, 2025 |
| #2 | -8.14% Feb 19, 2025 - Jun 24, 2025 | -3.41% Mar 6, 2023 - Mar 31, 2023 |
| #3 | -4.58% Jul 10, 2024 - Aug 21, 2024 | -2.07% Aug 5, 2024 - Nov 13, 2024 |
| #4 | -4.39% Jan 27, 2026 - Apr 15, 2026 | -1.62% May 1, 2023 - May 17, 2023 |
| #5 | -3.57% Mar 28, 2024 - May 15, 2024 | -1.52% Oct 17, 2023 - Nov 2, 2023 |
| #6 | -3.54% Sep 2, 2021 - Oct 26, 2021 | -1.31% Apr 18, 2023 - Apr 28, 2023 |
| #7 | -3.38% Jun 2, 2026 - Jun 10, 2026 | -1.22% Sep 15, 2023 - Oct 11, 2023 |
| #8 | -3.28% Feb 17, 2021 - Apr 5, 2021 | -1.21% Apr 11, 2024 - May 22, 2024 |
| #9 | -2.84% Dec 6, 2024 - Jan 23, 2025 | -0.89% May 22, 2023 - May 26, 2023 |
| #10 | -2.80% Nov 24, 2021 - Dec 23, 2021 | -0.83% Aug 14, 2023 - Sep 11, 2023 |
| #11 | -2.79% Aug 30, 2024 - Sep 12, 2024 | -0.70% Dec 27, 2023 - Jan 18, 2024 |
| #12 | -2.62% Oct 29, 2025 - Dec 11, 2025 | -0.50% Dec 19, 2024 - Jan 31, 2025 |
| #13 | -2.50% May 7, 2021 - Jun 24, 2021 | -0.42% Apr 3, 2023 - Apr 13, 2023 |
| #14 | -2.34% Oct 14, 2024 - Nov 6, 2024 | -0.38% Nov 13, 2024 - Dec 18, 2024 |
| #15 | -2.05% Dec 11, 2025 - Jan 9, 2026 | -0.35% May 24, 2024 - Jun 5, 2024 |
Correlation
Correlation between HEGD and CAOS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
Select Stocks to Compare
More Comparisons
Compare with similar stocks