IGE vs HEGD
Comparison between ISHARES NORTH AMERICAN NATURAL RESOURCES ETF (IGE, ETF) and SWAN HEDGED EQUITY US LARGE CAP ETF (HEGD, ETF).
5-Year PerformanceIGE has outperformed HEGD, delivering a return of +19.0% compared to +8.3%
IGE vs HEGD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IGE
$708M
HEGD
$707M
Expense Ratio
Winner
IGE
0.39%
HEGD
0.87%
Max Drawdown
IGE
73.46%
Winner
HEGD
14.56%
Sharpe Ratio
Winner
IGE
1.70
HEGD
1.14
5Y Beta
IGE
0.66
Winner
HEGD
0.45
P/E Ratio
IGE
23.01
HEGD
N/A
Forward P/E
IGE
13.22
HEGD
N/A
5Y Dividends CAGR
IGE
7.99%
HEGD
N/A
5Y EPS CAGR
IGE
27.04%
HEGD
N/A
Debt to Equity
IGE
49.27%
HEGD
N/A
P/S Ratio
IGE
1.80
HEGD
N/A
P/B Ratio
IGE
2.49
HEGD
N/A
IGE vs HEGD - Holdings Comparison
IGE and HEGD have 1 common holdings. Overlap is 0.00%
IGE's top 25 holdings weight is 66.39%. HEGD's top 25 holdings weight is 114.83%.
| Rank | IGE | HEGD |
|---|---|---|
| #1 | EXXON MOBIL CORP (XOM) - 9.52% | SPDR® S&P 500® ETF (SPY) - 91.90% |
| #2 | CHEVRON CORP (CVX) - 8.88% | OPTION ON S&P 500 PR (n/a) - 18.75% |
| #3 | CONOCOPHILLIPS (COP) - 3.60% | PUT ON S&P 500 DEC25 (n/a) - 3.54% |
| #4 | ENBRIDGE INC (n/a) - 3.33% | OTHER ASSETS AND LIABILITIES (n/a) - 0.38% |
| #5 | NEWMONT CORP (NEM) - 2.85% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.26% |
| #6 | WILLIAMS COMPANIES INC (WMB) - 2.55% | US DOLLARS (n/a) - 0.00% |
| #7 | FREEPORT-MCMORAN INC (FCX) - 2.49% | N/A |
| #8 | CANADIAN NATURAL RESOURCES LTD (n/a) - 2.32% | N/A |
| #9 | VALERO ENERGY CORP (VLO) - 2.29% | N/A |
| #10 | AGNICO EAGLE MINES LTD (n/a) - 2.25% | N/A |
| #11 | MARATHON PETROLEUM CORP (MPC) - 2.21% | N/A |
| #12 | CRH PLC (CRH) - 2.01% | N/A |
| #13 | PHILLIPS 66 (PSX) - 2.00% | N/A |
| #14 | TC ENERGY CORP (TRP) - 1.96% | N/A |
| #15 | EOG RESOURCES INC (EOG) - 1.96% | N/A |
| #16 | SLB LTD (SLB) - 1.93% | N/A |
| #17 | SUNCOR ENERGY INC (SU) - 1.81% | N/A |
| #18 | KINDER MORGAN INC CLASS P (KMI) - 1.78% | N/A |
| #19 | BARRICK MINING CORP (n/a) - 1.75% | N/A |
| #20 | TARGA RESOURCES CORP (TRGP) - 1.58% | N/A |
| #21 | ONEOK INC (OKE) - 1.55% | N/A |
| #22 | BAKER HUGHES CO CLASS A (BKR) - 1.53% | N/A |
| #23 | CHENIERE ENERGY INC (LNG) - 1.46% | N/A |
| #24 | WHEATON PRECIOUS METALS CORP (WPM) - 1.45% | N/A |
| #25 | DEVON ENERGY CORP (DVN) - 1.33% | N/A |
| Total Holdings | 155 | 6 |
IGE vs HEGD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IGE
+2.54%
HEGD
+0.34%
3M
IGE
-0.94%
Winner
HEGD
+3.77%
6M
Winner
IGE
+7.97%
HEGD
+5.53%
1Y
Winner
IGE
+36.35%
HEGD
+13.01%
5Y(CAGR)
Winner
IGE
+19.00%
HEGD
+8.34%
10Y(CAGR)
IGE
+9.15%
HEGD
N/A
Max(CAGR)
IGE
+7.91%
Winner
HEGD
+9.46%
IGE vs HEGD - Annual Returns (2001 - 2026)
Returns include dividend reinvestment.
| Year | IGE | HEGD |
|---|---|---|
| 2026 | +17.11% | +5.45% |
| 2025 | +18.87% | +12.82% |
| 2024 | +7.10% | +15.60% |
| 2023 | +6.22% | +14.46% |
| 2022 | +31.15% | -11.12% |
| 2021 | +38.01% | +18.11% |
| 2020 | -19.74% | +0.99% |
| 2019 | +15.24% | N/A |
| 2018 | -23.01% | N/A |
| 2017 | -0.50% | N/A |
| 2016 | +30.28% | N/A |
| 2015 | -24.89% | N/A |
| 2014 | -9.16% | N/A |
| 2013 | +13.43% | N/A |
| 2012 | -1.17% | N/A |
| 2011 | -8.30% | N/A |
| 2010 | +19.38% | N/A |
| 2009 | +30.69% | N/A |
| 2008 | -43.73% | N/A |
| 2007 | +38.51% | N/A |
| 2006 | +11.89% | N/A |
| 2005 | +40.03% | N/A |
| 2004 | +24.17% | N/A |
| 2003 | +30.72% | N/A |
| 2002 | -13.54% | N/A |
| 2001 | +5.48% | N/A |
IGE vs HEGD Drawdown Comparison
The maximum drawdown for IGE was -67.55%, occurring on Mar 18, 2020. Recovery took 1935 trading sessions.
The maximum drawdown for HEGD was -14.56%, occurring on Oct 12, 2022. Recovery took 495 trading sessions.
The current IGE drawdown is -5.79%. The current HEGD drawdown is -1.46%.
| Rank | IGE | HEGD |
|---|---|---|
| #1 | -67.55% Jul 3, 2014 - Mar 10, 2022 | -14.56% Dec 29, 2021 - Dec 18, 2023 |
| #2 | -61.55% May 20, 2008 - Jun 12, 2014 | -8.14% Feb 19, 2025 - Jun 24, 2025 |
| #3 | -31.20% Apr 2, 2002 - Dec 17, 2003 | -4.58% Jul 10, 2024 - Aug 21, 2024 |
| #4 | -25.68% Jun 7, 2022 - Mar 13, 2024 | -4.39% Jan 27, 2026 - Apr 15, 2026 |
| #5 | -19.49% Nov 22, 2024 - Aug 27, 2025 | -3.57% Mar 28, 2024 - May 15, 2024 |
| #6 | -18.06% May 10, 2006 - Mar 29, 2007 | -3.54% Sep 2, 2021 - Oct 26, 2021 |
| #7 | -16.15% Jan 3, 2008 - Apr 16, 2008 | -3.38% Jun 2, 2026 - Jun 10, 2026 |
| #8 | -14.70% Sep 29, 2005 - Jan 4, 2006 | -3.28% Feb 17, 2021 - Apr 5, 2021 |
| #9 | -14.26% Mar 4, 2005 - Jun 17, 2005 | -2.84% Dec 6, 2024 - Jan 23, 2025 |
| #10 | -13.77% Jul 19, 2007 - Sep 20, 2007 | -2.80% Nov 24, 2021 - Dec 23, 2021 |
| #11 | -11.54% Mar 2, 2026 - Jul 1, 2026 | -2.79% Aug 30, 2024 - Sep 12, 2024 |
| #12 | -11.17% Jan 31, 2006 - Apr 17, 2006 | -2.62% Oct 29, 2025 - Dec 11, 2025 |
| #13 | -9.92% Nov 6, 2007 - Dec 28, 2007 | -2.50% May 7, 2021 - Jun 24, 2021 |
| #14 | -9.49% Apr 20, 2022 - May 26, 2022 | -2.34% Oct 14, 2024 - Nov 6, 2024 |
| #15 | -8.96% Apr 5, 2024 - Oct 4, 2024 | -2.05% Dec 11, 2025 - Jan 9, 2026 |
Correlation
Correlation between IGE and HEGD is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2001 - 2026)
IGE vs HEGD dividend yield comparison.
| Year | IGE | HEGD |
|---|---|---|
| 2026 | 0.90% | 0.00% |
| 2025 | 2.32% | 0.36% |
| 2024 | 2.54% | 0.43% |
| 2023 | 2.85% | 0.39% |
| 2022 | 2.96% | 0.87% |
| 2021 | 2.92% | 0.31% |
| 2020 | 3.34% | 0.00% |
| 2019 | 5.55% | 0.00% |
| 2018 | 2.68% | 0.00% |
| 2017 | 2.11% | 0.00% |
| 2016 | 1.66% | 0.00% |
| 2015 | 3.08% | 0.00% |
| 2014 | 1.83% | 0.00% |
| 2013 | 1.50% | 0.00% |
| 2012 | 1.56% | 0.00% |
| 2011 | 1.19% | 0.00% |
| 2010 | 1.38% | 0.00% |
| 2009 | 1.05% | 0.00% |
| 2008 | 1.36% | 0.00% |
| 2007 | 0.81% | 0.00% |
| 2006 | 1.14% | 0.00% |
| 2005 | 0.97% | 0.00% |
| 2004 | 1.09% | 0.00% |
| 2003 | 1.38% | 0.00% |
| 2002 | 1.71% | 0.00% |
| 2001 | 0.39% | 0.00% |
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