HEGD vs SMDV

Comparison between SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF) and PROSHARES RUSSELL 2000 DIVIDEND GROWERS ETF (SMDV, ETF).

5-Year PerformanceHEGD has outperformed SMDV, delivering a return of +8.7% compared to +4.2%

HEGD vs SMDV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEGD(ETF)	SMDV(ETF)
Net Assets	$663M	$661M
Expense Ratio	0.87%	0.40%
Max Drawdown	14.56%	34.45%
Sharpe Ratio	1.62	0.83
5Y Beta	0.44	0.68
P/E Ratio	N/A	20.65
Forward P/E	N/A	15.71
5Y Dividends CAGR	N/A	7.95%
5Y EPS CAGR	N/A	5.90%
Debt to Equity	N/A	60.28%
P/S Ratio	N/A	1.36
P/B Ratio	N/A	1.68

Net Assets

Winner

HEGD

$663M

SMDV

$661M

Expense Ratio

HEGD

0.87%

Winner

SMDV

0.40%

Max Drawdown

Winner

HEGD

14.56%

SMDV

34.45%

Sharpe Ratio

Winner

HEGD

1.62

SMDV

0.83

5Y Beta

Winner

HEGD

0.44

SMDV

0.68

P/E Ratio

HEGD

N/A

SMDV

20.65

Forward P/E

HEGD

N/A

SMDV

15.71

5Y Dividends CAGR

HEGD

N/A

SMDV

7.95%

5Y EPS CAGR

HEGD

N/A

SMDV

5.90%

Debt to Equity

HEGD

N/A

SMDV

60.28%

P/S Ratio

HEGD

N/A

SMDV

1.36

P/B Ratio

HEGD

N/A

SMDV

1.68

HEGD vs SMDV - Holdings Comparison

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

HEGD's top 25 holdings weight is 114.83%. SMDV's top 25 holdings weight is 28.66%.

Rank	HEGD	SMDV
#1	SPDR® S&P 500® ETF (SPY) - 91.90%	POWER INTEGRATIONS INC (POWI) - 1.73%
#2	OPTION ON S&P 500 PR (n/a) - 18.75%	MATERION CORP (MTRN) - 1.46%
#3	PUT ON S&P 500 DEC25 (n/a) - 3.54%	INSPERITY INC (NSP) - 1.35%
#4	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%	SONIC AUTOMOTIVE INC CLASS A (SAH) - 1.22%
#5	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%	ENPRO INC (NPO) - 1.22%
#6	US DOLLARS (n/a) - 0.00%	POLARIS INC (PII) - 1.20%
#7	N/A	GORMAN-RUPP CO (GRC) - 1.18%
#8	N/A	MATSON INC (MATX) - 1.14%
#9	N/A	FINANCIAL INSTITUTIONS INC (FISI) - 1.11%
#10	N/A	TOMPKINS FINANCIAL CORP (TMP) - 1.10%
#11	N/A	n/a (HASI) - 1.09%
#12	N/A	JOHN WILEY & SONS INC CLASS A (WLY) - 1.08%
#13	N/A	INNOSPEC INC (IOSP) - 1.08%
#14	N/A	COMMUNITY TRUST BANCORP INC (CTBI) - 1.07%
#15	N/A	QUAKER HOUGHTON (KWR) - 1.07%
#16	N/A	CHOICEONE FINANCIAL SERVICES INC (COFS) - 1.07%
#17	N/A	ASSOCIATED BANC-CORP (ASB) - 1.07%
#18	N/A	GRIFFON CORP (GFF) - 1.06%
#19	N/A	NBT BANCORP INC (NBTB) - 1.06%
#20	N/A	ANDERSONS INC (ANDE) - 1.06%
#21	N/A	n/a (AGM) - 1.05%
#22	N/A	SIMMONS FIRST NATIONAL CORP CLASS A (SFNC) - 1.05%
#23	N/A	STEPAN CO (SCL) - 1.05%
#24	N/A	S&T BANCORP INC (STBA) - 1.05%
#25	N/A	FIRST BUSEY CORP (BUSE) - 1.04%
Total Holdings	6	103

HEGD vs SMDV - Historical Returns

Returns include dividend reinvestment.

Period	HEGD	SMDV
1 month	+1.22%	-0.03%
3 months	+4.87%	+3.21%
6 months	+4.43%	+10.43%
1 year	+16.69%	+16.86%
5 years(CAGR)	+8.68%	+4.24%
10 years(CAGR)	N/A	+7.17%
Max(CAGR)	+9.54%	+7.80%

Winner

HEGD

+1.22%

SMDV

-0.03%

Winner

HEGD

+4.87%

SMDV

+3.21%

HEGD

+4.43%

Winner

SMDV

+10.43%

HEGD

+16.69%

Winner

SMDV

+16.86%

5Y(CAGR)

Winner

HEGD

+8.68%

SMDV

+4.24%

10Y(CAGR)

HEGD

N/A

SMDV

+7.17%

Max(CAGR)

Winner

HEGD

+9.54%

SMDV

+7.80%

HEGD vs SMDV - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	HEGD	SMDV
2026	+4.66%	+10.44%
2025	+12.82%	+1.71%
2024	+15.60%	+7.13%
2023	+14.46%	+8.64%
2022	-11.12%	-6.23%
2021	+18.11%	+20.72%
2020	+0.99%	-4.26%
2019	N/A	+18.00%
2018	N/A	-0.91%
2017	N/A	+5.11%
2016	N/A	+38.82%
2015	N/A	+2.43%

HEGD vs SMDV Drawdown Comparison

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

The maximum drawdown for SMDV was -34.12%, occurring on Mar 23, 2020. Recovery took 251 trading sessions.

The current HEGD drawdown is -2.20%. The current SMDV drawdown is -1.08%.

Rank	HEGD	SMDV
#1	-14.56% Dec 29, 2021 - Dec 18, 2023	-34.12% Jan 16, 2020 - Jan 14, 2021
#2	-8.14% Feb 19, 2025 - Jun 24, 2025	-21.23% Nov 25, 2024 - Feb 6, 2026
#3	-4.58% Jul 10, 2024 - Aug 21, 2024	-18.49% Feb 3, 2023 - Dec 19, 2023
#4	-4.39% Jan 27, 2026 - Apr 15, 2026	-16.64% Jan 4, 2022 - Feb 2, 2023
#5	-3.57% Mar 28, 2024 - May 15, 2024	-13.52% Sep 21, 2018 - Feb 19, 2019
#6	-3.54% Sep 2, 2021 - Oct 26, 2021	-11.18% Mar 12, 2021 - Nov 5, 2021
#7	-3.28% Feb 17, 2021 - Apr 5, 2021	-10.59% Nov 29, 2017 - Jun 15, 2018
#8	-2.84% Dec 6, 2024 - Jan 23, 2025	-9.96% Dec 26, 2023 - Jul 15, 2024
#9	-2.80% Nov 24, 2021 - Dec 23, 2021	-9.79% Feb 13, 2026 - Mar 20, 2026
#10	-2.79% Aug 30, 2024 - Sep 12, 2024	-8.76% Nov 27, 2015 - Mar 3, 2016
#11	-2.62% Oct 29, 2025 - Dec 11, 2025	-8.60% Jun 23, 2015 - Oct 28, 2015
#12	-2.50% May 7, 2021 - Jun 24, 2021	-8.59% Jul 26, 2024 - Nov 6, 2024
#13	-2.34% Oct 14, 2024 - Nov 6, 2024	-7.65% Nov 11, 2021 - Jan 4, 2022
#14	-2.20% Jun 2, 2026 - Jun 5, 2026	-6.58% Jul 30, 2019 - Sep 11, 2019
#15	-2.05% Dec 11, 2025 - Jan 9, 2026	-5.84% Apr 26, 2017 - Jun 13, 2017

Correlation

Correlation between HEGD and SMDV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2015 - 2026)

HEGD vs SMDV dividend yield comparison.

Year	HEGD	SMDV
2026	0.00%	0.49%
2025	0.36%	2.67%
2024	0.43%	2.68%
2023	0.39%	2.69%
2022	0.87%	2.51%
2021	0.31%	2.02%
2020	0.00%	2.13%
2019	0.00%	2.03%
2018	0.00%	1.97%
2017	0.00%	1.84%
2016	0.00%	1.35%
2015	0.00%	1.81%