HEGD vs DWM

Comparison between SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF) and WISDOMTREE INTERNATIONAL EQUITY FUND (DWM, ETF).

5-Year PerformanceDWM has outperformed HEGD, delivering a return of +9.3% compared to +8.7%

HEGD vs DWM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEGD(ETF)	DWM(ETF)
Net Assets	$663M	$663M
Expense Ratio	0.87%	0.48%
Max Drawdown	14.56%	64.27%
Sharpe Ratio	1.62	1.02
5Y Beta	0.44	0.64
5Y Dividends CAGR	N/A	8.84%

Net Assets

Winner

HEGD

$663M

DWM

$663M

Expense Ratio

HEGD

0.87%

Winner

DWM

0.48%

Max Drawdown

Winner

HEGD

14.56%

DWM

64.27%

Sharpe Ratio

Winner

HEGD

1.62

DWM

1.02

5Y Beta

Winner

HEGD

0.44

DWM

0.64

5Y Dividends CAGR

HEGD

N/A

DWM

8.84%

HEGD vs DWM - Holdings Comparison

HEGD and DWM have 1 common holdings. Overlap is 0.00%

HEGD's top 25 holdings weight is 114.83%. DWM's top 25 holdings weight is 21.92%.

Rank	HEGD	DWM
#1	SPDR® S&P 500® ETF (SPY) - 91.90%	HSBC HOLDINGS PLC (n/a) - 1.65%
#2	OPTION ON S&P 500 PR (n/a) - 18.75%	NOVARTIS AG REGISTERED SHARES (n/a) - 1.17%
#3	PUT ON S&P 500 DEC25 (n/a) - 3.54%	NESTLE SA (n/a) - 1.14%
#4	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%	TOYOTA MOTOR CORP (n/a) - 1.12%
#5	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%	INTESA SANPAOLO (n/a) - 1.09%
#6	US DOLLARS (n/a) - 0.00%	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.07%
#7	N/A	SHELL PLC (n/a) - 1.05%
#8	N/A	BRITISH AMERICAN TOBACCO PLC (n/a) - 0.97%
#9	N/A	ASML HOLDING NV (n/a) - 0.93%
#10	N/A	BHP GROUP LTD (n/a) - 0.90%
#11	N/A	BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.86%
#12	N/A	EQUINOR ASA (n/a) - 0.79%
#13	N/A	AXA SA (n/a) - 0.78%
#14	N/A	BNP PARIBAS ACT. CAT.A (n/a) - 0.76%
#15	N/A	n/a (n/a) - 0.76%
#16	N/A	LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.76%
#17	N/A	ALLIANZ SE (n/a) - 0.72%
#18	N/A	MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.71%
#19	N/A	UNICREDIT SPA (n/a) - 0.71%
#20	N/A	ENEL SPA (n/a) - 0.69%
#21	N/A	BP PLC (n/a) - 0.67%
#22	N/A	IBERDROLA SA (n/a) - 0.67%
#23	N/A	RIO TINTO PLC ORDINARY SHARES (n/a) - 0.67%
#24	N/A	CAIXABANK SA (n/a) - 0.64%
#25	N/A	ASTRAZENECA PLC (AZN) - 0.64%
Total Holdings	6	1290

HEGD vs DWM - Historical Returns

Returns include dividend reinvestment.

Period	HEGD	DWM
1 month	+1.22%	-0.40%
3 months	+4.87%	+2.05%
6 months	+4.43%	+8.39%
1 year	+16.69%	+18.77%
5 years(CAGR)	+8.68%	+9.28%
10 years(CAGR)	N/A	+8.26%
Max(CAGR)	+9.54%	+5.56%

Winner

HEGD

+1.22%

DWM

-0.40%

Winner

HEGD

+4.87%

DWM

+2.05%

HEGD

+4.43%

Winner

DWM

+8.39%

HEGD

+16.69%

Winner

DWM

+18.77%

5Y(CAGR)

HEGD

+8.68%

Winner

DWM

+9.28%

10Y(CAGR)

HEGD

N/A

DWM

+8.26%

Max(CAGR)

Winner

HEGD

+9.54%

DWM

+5.56%

HEGD vs DWM - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	HEGD	DWM
2026	+4.66%	+4.97%
2025	+12.82%	+35.07%
2024	+15.60%	+5.13%
2023	+14.46%	+15.88%
2022	-11.12%	-9.48%
2021	+18.11%	+10.16%
2020	+0.99%	-3.06%
2019	N/A	+18.95%
2018	N/A	-14.21%
2017	N/A	+23.46%
2016	N/A	+4.57%
2015	N/A	-2.76%
2014	N/A	-2.92%
2013	N/A	+19.68%
2012	N/A	+14.58%
2011	N/A	-10.59%
2010	N/A	+2.37%
2009	N/A	+24.72%
2008	N/A	-41.62%
2007	N/A	+13.30%
2006	N/A	+23.89%

HEGD vs DWM Drawdown Comparison

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

The maximum drawdown for DWM was -62.06%, occurring on Mar 9, 2009. Recovery took 1659 trading sessions.

The current HEGD drawdown is -2.20%. The current DWM drawdown is -4.18%.

Rank	HEGD	DWM
#1	-14.56% Dec 29, 2021 - Dec 18, 2023	-62.06% Oct 31, 2007 - Jun 6, 2014
#2	-8.14% Feb 19, 2025 - Jun 24, 2025	-37.81% Jan 26, 2018 - Apr 5, 2021
#3	-4.58% Jul 10, 2024 - Aug 21, 2024	-25.67% Jan 12, 2022 - Jul 31, 2023
#4	-4.39% Jan 27, 2026 - Apr 15, 2026	-23.37% Jul 3, 2014 - May 5, 2017
#5	-3.57% Mar 28, 2024 - May 15, 2024	-13.52% Jul 12, 2007 - Oct 1, 2007
#6	-3.54% Sep 2, 2021 - Oct 26, 2021	-12.69% Mar 19, 2025 - Apr 24, 2025
#7	-3.28% Feb 17, 2021 - Apr 5, 2021	-10.93% Feb 25, 2026 - Mar 20, 2026
#8	-2.84% Dec 6, 2024 - Jan 23, 2025	-9.61% Jul 31, 2023 - Dec 13, 2023
#9	-2.80% Nov 24, 2021 - Dec 23, 2021	-9.57% Sep 26, 2024 - Mar 5, 2025
#10	-2.79% Aug 30, 2024 - Sep 12, 2024	-7.80% Feb 26, 2007 - Apr 3, 2007
#11	-2.62% Oct 29, 2025 - Dec 11, 2025	-7.58% Sep 3, 2021 - Jan 12, 2022
#12	-2.50% May 7, 2021 - Jun 24, 2021	-6.63% Jul 12, 2024 - Aug 19, 2024
#13	-2.34% Oct 14, 2024 - Nov 6, 2024	-6.37% Jul 3, 2006 - Jul 28, 2006
#14	-2.20% Jun 2, 2026 - Jun 5, 2026	-4.76% Nov 12, 2025 - Dec 10, 2025
#15	-2.05% Dec 11, 2025 - Jan 9, 2026	-4.47% Mar 27, 2024 - May 7, 2024

Correlation

Correlation between HEGD and DWM is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2006 - 2026)

HEGD vs DWM dividend yield comparison.

Year	HEGD	DWM
2026	0.00%	0.23%
2025	0.36%	3.06%
2024	0.43%	3.86%
2023	0.39%	4.15%
2022	0.87%	4.36%
2021	0.31%	3.64%
2020	0.00%	2.74%
2019	0.00%	3.46%
2018	0.00%	3.86%
2017	0.00%	2.99%
2016	0.00%	3.43%
2015	0.00%	3.55%
2014	0.00%	4.71%
2013	0.00%	3.29%
2012	0.00%	3.52%
2011	0.00%	4.58%
2010	0.00%	3.23%
2009	0.00%	4.48%
2008	0.00%	4.56%
2007	0.00%	1.32%
2006	0.00%	0.38%