HEGD vs XRT

Comparison between SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF) and STATE STREET(R) SPDR(R) S&P(R) RETAIL ETF (XRT, ETF).

5-Year PerformanceHEGD has outperformed XRT, delivering a return of +9.0% compared to +0.3%

HEGD vs XRT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEGD(ETF)	XRT(ETF)
Net Assets	$692M	$693M
Expense Ratio	0.87%	0.35%
Max Drawdown	14.56%	66.23%
Sharpe Ratio	1.61	0.57
5Y Beta	0.45	0.95
P/E Ratio	N/A	22.31
Forward P/E	N/A	13.68
5Y Dividends CAGR	N/A	1.61%
5Y EPS CAGR	N/A	8.64%
Debt to Equity	N/A	17.22%

Net Assets

HEGD

$692M

Winner

XRT

$693M

Expense Ratio

HEGD

0.87%

Winner

XRT

0.35%

Max Drawdown

Winner

HEGD

14.56%

XRT

66.23%

Sharpe Ratio

Winner

HEGD

1.61

XRT

0.57

5Y Beta

Winner

HEGD

0.45

XRT

0.95

P/E Ratio

HEGD

N/A

XRT

22.31

Forward P/E

HEGD

N/A

XRT

13.68

5Y Dividends CAGR

HEGD

N/A

XRT

1.61%

5Y EPS CAGR

HEGD

N/A

XRT

8.64%

Debt to Equity

HEGD

N/A

XRT

17.22%

HEGD vs XRT - Holdings Comparison

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

HEGD's top 25 holdings weight is 114.83%. XRT's top 25 holdings weight is 40.73%.

Rank	HEGD	XRT
#1	SPDR® S&P 500® ETF (SPY) - 91.90%	VICTORIA'S SECRET & CO (VSXY) - 2.46%
#2	OPTION ON S&P 500 PR (n/a) - 18.75%	SONIC AUTOMOTIVE INC CLASS A (SAH) - 1.91%
#3	PUT ON S&P 500 DEC25 (n/a) - 3.54%	GROCERY OUTLET HOLDING CORP (GO) - 1.90%
#4	OTHER ASSETS AND LIABILITIES (n/a) - 0.38%	ETSY INC (ETSY) - 1.84%
#5	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26%	MACY'S INC (M) - 1.72%
#6	US DOLLARS (n/a) - 0.00%	AMAZON.COM INC (AMZN) - 1.67%
#7	N/A	MURPHY USA INC (MUSA) - 1.65%
#8	N/A	EBAY INC (EBAY) - 1.65%
#9	N/A	MARINEMAX INC (HZO) - 1.65%
#10	N/A	PRICESMART INC (PSMT) - 1.61%
#11	N/A	BEST BUY CO INC (BBY) - 1.60%
#12	N/A	PENSKE AUTOMOTIVE GROUP INC (PAG) - 1.59%
#13	N/A	KOHL'S CORP (KSS) - 1.59%
#14	N/A	LITHIA MOTORS INC CLASS A (LAD) - 1.55%
#15	N/A	URBAN OUTFITTERS INC (URBN) - 1.54%
#16	N/A	MAPLEBEAR INC (CART) - 1.53%
#17	N/A	CASEY'S GENERAL STORES INC (CASY) - 1.53%
#18	N/A	DICK'S SPORTING GOODS INC (DKS) - 1.52%
#19	N/A	ADVANCE AUTO PARTS INC (AAP) - 1.50%
#20	N/A	BURLINGTON STORES INC (BURL) - 1.47%
#21	N/A	CARVANA CO CLASS A (CVNA) - 1.47%
#22	N/A	ROSS STORES INC (ROST) - 1.46%
#23	N/A	INGLES MARKETS INC CLASS A (IMKTA) - 1.44%
#24	N/A	TARGET CORP (TGT) - 1.44%
#25	N/A	SPROUTS FARMERS MARKET INC (SFM) - 1.44%
Total Holdings	6	75

HEGD vs XRT - Historical Returns

Returns include dividend reinvestment.

Period	HEGD	XRT
1 month	+0.72%	+8.54%
3 months	+7.29%	+9.66%
6 months	+6.28%	-0.57%
1 year	+17.10%	+14.19%
5 years(CAGR)	+9.05%	+0.33%
10 years(CAGR)	N/A	+9.22%
Max(CAGR)	+9.63%	+9.96%

HEGD

+0.72%

Winner

XRT

+8.54%

HEGD

+7.29%

Winner

XRT

+9.66%

Winner

HEGD

+6.28%

XRT

-0.57%

Winner

HEGD

+17.10%

XRT

+14.19%

5Y(CAGR)

Winner

HEGD

+9.05%

XRT

+0.33%

10Y(CAGR)

HEGD

N/A

XRT

+9.22%

Max(CAGR)

HEGD

+9.63%

Winner

XRT

+9.96%

HEGD vs XRT - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	HEGD	XRT
2026	+5.49%	+0.84%
2025	+12.82%	+8.37%
2024	+15.60%	+11.87%
2023	+14.46%	+22.39%
2022	-11.12%	-32.60%
2021	+18.11%	+44.39%
2020	+0.99%	+43.03%
2019	N/A	+12.53%
2018	N/A	-9.69%
2017	N/A	+3.67%
2016	N/A	+3.96%
2015	N/A	-7.63%
2014	N/A	+11.57%
2013	N/A	+42.06%
2012	N/A	+22.76%
2011	N/A	+10.03%
2010	N/A	+37.55%
2009	N/A	+72.90%
2008	N/A	-35.93%
2007	N/A	-16.93%
2006	N/A	+9.83%

HEGD vs XRT Drawdown Comparison

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

The maximum drawdown for XRT was -65.39%, occurring on Nov 20, 2008. Recovery took 714 trading sessions.

The current HEGD drawdown is -1.42%. The current XRT drawdown is -10.68%.

Rank	HEGD	XRT
#1	-14.56% Dec 29, 2021 - Dec 18, 2023	-65.39% Jun 1, 2007 - Apr 1, 2010
#2	-8.14% Feb 19, 2025 - Jun 24, 2025	-47.00% Aug 23, 2018 - Aug 10, 2020
#3	-4.58% Jul 10, 2024 - Aug 21, 2024	-44.57% Nov 16, 2021 - Sep 30, 2022
#4	-4.39% Jan 27, 2026 - Apr 15, 2026	-24.17% Jul 16, 2015 - Jun 7, 2018
#5	-3.57% Mar 28, 2024 - May 15, 2024	-22.20% Jul 7, 2011 - Jan 25, 2012
#6	-3.54% Sep 2, 2021 - Oct 26, 2021	-21.67% Apr 26, 2010 - Nov 4, 2010
#7	-3.38% Jun 2, 2026 - Jun 10, 2026	-16.54% Jan 27, 2021 - Mar 10, 2021
#8	-3.28% Feb 17, 2021 - Apr 5, 2021	-12.21% Nov 27, 2013 - Jul 2, 2014
#9	-2.84% Dec 6, 2024 - Jan 23, 2025	-10.65% Mar 12, 2021 - May 3, 2021
#10	-2.80% Nov 24, 2021 - Dec 23, 2021	-10.08% Mar 26, 2012 - Sep 6, 2012
#11	-2.79% Aug 30, 2024 - Sep 12, 2024	-9.18% Oct 15, 2020 - Nov 16, 2020
#12	-2.62% Oct 29, 2025 - Dec 11, 2025	-9.14% Jul 1, 2021 - Nov 3, 2021
#13	-2.50% May 7, 2021 - Jun 24, 2021	-9.04% May 12, 2011 - Jul 1, 2011
#14	-2.34% Oct 14, 2024 - Nov 6, 2024	-8.66% Sep 2, 2020 - Oct 7, 2020
#15	-2.05% Dec 11, 2025 - Jan 9, 2026	-8.45% Feb 20, 2007 - Apr 9, 2007

Correlation

Correlation between HEGD and XRT is 0.54 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.54

-101

Dividend Comparison (2006 - 2026)

HEGD vs XRT dividend yield comparison.

Year	HEGD	XRT
2026	0.00%	0.25%
2025	0.36%	0.77%
2024	0.43%	1.52%
2023	0.39%	1.40%
2022	0.87%	2.15%
2021	0.31%	1.55%
2020	0.00%	1.01%
2019	0.00%	1.57%
2018	0.00%	1.51%
2017	0.00%	1.52%
2016	0.00%	1.36%
2015	0.00%	2.03%
2014	0.00%	1.48%
2013	0.00%	1.20%
2012	0.00%	3.32%
2011	0.00%	1.90%
2010	0.00%	1.97%
2009	0.00%	2.69%
2008	0.00%	5.21%
2007	0.00%	0.89%
2006	0.00%	0.40%