SMDV vs HEGD

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

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

SMDV vs HEGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SMDV

$661M

Winner

HEGD

$663M

Expense Ratio

Winner

SMDV

0.40%

HEGD

0.87%

Max Drawdown

SMDV

34.45%

Winner

HEGD

14.56%

Sharpe Ratio

SMDV

0.83

Winner

HEGD

1.62

5Y Beta

SMDV

0.68

Winner

HEGD

0.44

P/E Ratio

SMDV

20.65

HEGD

N/A

Forward P/E

SMDV

15.71

HEGD

N/A

5Y Dividends CAGR

SMDV

7.95%

HEGD

N/A

5Y EPS CAGR

SMDV

5.90%

HEGD

N/A

Debt to Equity

SMDV

60.28%

HEGD

N/A

P/S Ratio

SMDV

1.36

HEGD

N/A

P/B Ratio

SMDV

1.68

HEGD

N/A

SMDV vs HEGD - Holdings Comparison

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

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

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

SMDV vs HEGD - Historical Returns

Returns include dividend reinvestment.

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

SMDV

-0.03%

Winner

HEGD

+1.22%

SMDV

+3.21%

Winner

HEGD

+4.87%

Winner

SMDV

+10.43%

HEGD

+4.43%

Winner

SMDV

+16.86%

HEGD

+16.69%

5Y(CAGR)

SMDV

+4.24%

Winner

HEGD

+8.68%

10Y(CAGR)

SMDV

+7.17%

HEGD

N/A

Max(CAGR)

SMDV

+7.80%

Winner

HEGD

+9.54%

SMDV vs HEGD - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

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

SMDV vs HEGD Drawdown Comparison

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

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

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

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

Correlation

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

0.91

-101

Dividend Comparison (2015 - 2026)

SMDV vs HEGD dividend yield comparison.

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