HEGD vs ETHU

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

HEGD vs ETHU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

HEGD

$717M

Winner

ETHU

$718M

Expense Ratio

HEGD

0.87%

ETHU

N/A

Max Drawdown

Winner

HEGD

14.56%

ETHU

96.55%

Sharpe Ratio

Winner

HEGD

1.15

ETHU

-0.60

5Y Beta

Winner

HEGD

0.45

ETHU

4.02

HEGD vs ETHU - Holdings Comparison

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

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

Rank	HEGD	ETHU
#1	SPDR® S&P 500® ETF (SPY) - 91.90%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 13.15%
#2	OPTION ON S&P 500 PR (n/a) - 18.75%	N/A
#3	PUT ON S&P 500 DEC25 (n/a) - 3.54%	N/A
#4	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%	N/A
#5	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%	N/A
#6	US DOLLARS (n/a) - 0.00%	N/A
#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	6	1

HEGD vs ETHU - Historical Returns

Returns include dividend reinvestment.

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

HEGD

+1.97%

Winner

ETHU

+70.61%

HEGD

+1.05%

Winner

ETHU

+28.64%

HEGD

+6.10%

Winner

ETHU

+42.35%

Winner

HEGD

+12.45%

ETHU

-82.56%

5Y(CAGR)

HEGD

+8.11%

ETHU

N/A

Max(CAGR)

Winner

HEGD

+9.48%

ETHU

-66.45%

HEGD vs ETHU - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

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

HEGD vs ETHU Drawdown Comparison

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

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

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

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

Correlation

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

-0.64

-101