HEGD vs SGDM

Comparison between SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF) and Sprott Gold Miners ETF (SGDM, ETF).

5-Year PerformanceSGDM has outperformed HEGD, delivering a return of +17.0% compared to +8.7%

HEGD vs SGDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEGD(ETF)	SGDM(ETF)
Net Assets	$663M	$660M
Expense Ratio	0.87%	0.46%
Max Drawdown	14.56%	55.72%
Sharpe Ratio	1.62	0.99
5Y Beta	0.44	0.69
5Y Dividends CAGR	N/A	36.06%

Net Assets

Winner

HEGD

$663M

SGDM

$660M

Expense Ratio

HEGD

0.87%

Winner

SGDM

0.46%

Max Drawdown

Winner

HEGD

14.56%

SGDM

55.72%

Sharpe Ratio

Winner

HEGD

1.62

SGDM

0.99

5Y Beta

Winner

HEGD

0.44

SGDM

0.69

5Y Dividends CAGR

HEGD

N/A

SGDM

36.06%

HEGD vs SGDM - Holdings Comparison

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

HEGD's top 25 holdings weight is 114.83%. SGDM's top 25 holdings weight is 96.15%.

Rank	HEGD	SGDM
#1	SPDR® S&P 500® ETF (SPY) - 91.90%	AGNICO EAGLE MINES LTD (n/a) - 10.59%
#2	OPTION ON S&P 500 PR (n/a) - 18.75%	BARRICK MINING CORP (n/a) - 9.03%
#3	PUT ON S&P 500 DEC25 (n/a) - 3.54%	NEWMONT CORP (NEM) - 8.55%
#4	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%	WHEATON PRECIOUS METALS CORP (n/a) - 7.90%
#5	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%	FRANCO-NEVADA CORP (n/a) - 6.50%
#6	US DOLLARS (n/a) - 0.00%	KINROSS GOLD CORP (n/a) - 5.75%
#7	N/A	ENDEAVOUR MINING PLC (n/a) - 3.98%
#8	N/A	COEUR MINING INC (CDE) - 3.65%
#9	N/A	LUNDIN GOLD INC (LUGDF) - 3.51%
#10	N/A	SSR MINING INC (n/a) - 3.37%
#11	N/A	WESDOME GOLD MINES LTD (n/a) - 3.34%
#12	N/A	IAMGOLD CORP (n/a) - 3.13%
#13	N/A	DPM METALS INC (n/a) - 3.05%
#14	N/A	B2GOLD CORP (n/a) - 3.03%
#15	N/A	OR ROYALTIES INC (OR) - 3.00%
#16	N/A	CENTERRA GOLD INC (n/a) - 2.88%
#17	N/A	TRIPLE FLAG PRECIOUS METALS CORP (TFPM) - 2.85%
#18	N/A	OCEANAGOLD CORP (OGC) - 2.83%
#19	N/A	TOREX GOLD RESOURCES INC (n/a) - 2.65%
#20	N/A	ORLA MINING LTD (n/a) - 2.31%
#21	N/A	ANGLOGOLD ASHANTI PLC (AU) - 2.02%
#22	N/A	GOLD FIELDS LTD ADR (GFI) - 1.15%
#23	N/A	PAN AMERICAN SILVER CORP (PAAS) - 0.37%
#24	N/A	HARMONY GOLD MINING CO LTD ADR (HMY) - 0.36%
#25	N/A	K92 MINING INC (n/a) - 0.35%
Total Holdings	6	41

HEGD vs SGDM - Historical Returns

Returns include dividend reinvestment.

Period	HEGD	SGDM
1 month	+1.22%	-6.58%
3 months	+4.87%	-21.32%
6 months	+4.43%	+0.51%
1 year	+16.69%	+45.18%
5 years(CAGR)	+8.68%	+17.01%
10 years(CAGR)	N/A	+11.80%
Max(CAGR)	+9.54%	+9.58%

Winner

HEGD

+1.22%

SGDM

-6.58%

Winner

HEGD

+4.87%

SGDM

-21.32%

Winner

HEGD

+4.43%

SGDM

+0.51%

HEGD

+16.69%

Winner

SGDM

+45.18%

5Y(CAGR)

HEGD

+8.68%

Winner

SGDM

+17.01%

10Y(CAGR)

HEGD

N/A

SGDM

+11.80%

Max(CAGR)

HEGD

+9.54%

Winner

SGDM

+9.58%

HEGD vs SGDM - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	HEGD	SGDM
2026	+4.66%	-4.95%
2025	+12.82%	+143.79%
2024	+15.60%	+13.52%
2023	+14.46%	-0.50%
2022	-11.12%	-6.19%
2021	+18.11%	-15.07%
2020	+0.99%	+22.67%
2019	N/A	+43.46%
2018	N/A	-17.44%
2017	N/A	+5.85%
2016	N/A	+44.55%
2015	N/A	-28.18%
2014	N/A	-27.98%

HEGD vs SGDM Drawdown Comparison

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

The maximum drawdown for SGDM was -54.96%, occurring on Jan 19, 2016. Recovery took 473 trading sessions.

The current HEGD drawdown is -2.20%. The current SGDM drawdown is -30.88%.

Rank	HEGD	SGDM
#1	-14.56% Dec 29, 2021 - Dec 18, 2023	-54.96% Aug 13, 2014 - Jun 29, 2016
#2	-8.14% Feb 19, 2025 - Jun 24, 2025	-49.68% Aug 5, 2020 - Mar 17, 2025
#3	-4.58% Jul 10, 2024 - Aug 21, 2024	-49.17% Aug 2, 2016 - Apr 23, 2020
#4	-4.39% Jan 27, 2026 - Apr 15, 2026	-30.88% Mar 2, 2026 - Jun 5, 2026
#5	-3.57% Mar 28, 2024 - May 15, 2024	-18.55% Oct 16, 2025 - Dec 11, 2025
#6	-3.54% Sep 2, 2021 - Oct 26, 2021	-17.99% Jan 28, 2026 - Feb 24, 2026
#7	-3.28% Feb 17, 2021 - Apr 5, 2021	-14.10% May 19, 2020 - Jul 7, 2020
#8	-2.84% Dec 6, 2024 - Jan 23, 2025	-11.60% Apr 16, 2025 - Jun 2, 2025
#9	-2.80% Nov 24, 2021 - Dec 23, 2021	-9.39% Jul 11, 2016 - Aug 1, 2016
#10	-2.79% Aug 30, 2024 - Sep 12, 2024	-8.43% Apr 3, 2025 - Apr 10, 2025
#11	-2.62% Oct 29, 2025 - Dec 11, 2025	-6.92% Dec 26, 2025 - Jan 9, 2026
#12	-2.50% May 7, 2021 - Jun 24, 2021	-6.60% Jun 13, 2025 - Jul 22, 2025
#13	-2.34% Oct 14, 2024 - Nov 6, 2024	-5.40% Jul 22, 2025 - Aug 5, 2025
#14	-2.20% Jun 2, 2026 - Jun 5, 2026	-5.14% Jul 8, 2020 - Jul 17, 2020
#15	-2.05% Dec 11, 2025 - Jan 9, 2026	-4.63% Jul 28, 2014 - Aug 12, 2014

Correlation

Correlation between HEGD and SGDM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2014 - 2025)

HEGD vs SGDM dividend yield comparison.

Year	HEGD	SGDM
2025	0.36%	1.04%
2024	0.43%	1.04%
2023	0.39%	1.39%
2022	0.87%	1.42%
2021	0.31%	1.33%
2020	0.00%	0.30%
2019	0.00%	0.25%
2018	0.00%	0.50%
2017	0.00%	0.58%
2016	0.00%	0.02%
2015	0.00%	1.47%
2014	0.00%	0.26%