XRT vs HEGD

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

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

XRT vs HEGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

XRT

$693M

HEGD

$692M

Expense Ratio

Winner

XRT

0.35%

HEGD

0.87%

Max Drawdown

XRT

66.23%

Winner

HEGD

14.56%

Sharpe Ratio

XRT

0.57

Winner

HEGD

1.61

5Y Beta

XRT

0.95

Winner

HEGD

0.45

P/E Ratio

XRT

22.31

HEGD

N/A

Forward P/E

XRT

13.68

HEGD

N/A

5Y Dividends CAGR

XRT

1.61%

HEGD

N/A

5Y EPS CAGR

XRT

8.64%

HEGD

N/A

Debt to Equity

XRT

17.22%

HEGD

N/A

XRT vs HEGD - Holdings Comparison

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

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

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

XRT vs HEGD - Historical Returns

Returns include dividend reinvestment.

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

Winner

XRT

+8.54%

HEGD

+0.72%

Winner

XRT

+9.66%

HEGD

+7.29%

XRT

-0.57%

Winner

HEGD

+6.28%

XRT

+14.19%

Winner

HEGD

+17.10%

5Y(CAGR)

XRT

+0.33%

Winner

HEGD

+9.05%

10Y(CAGR)

XRT

+9.22%

HEGD

N/A

Max(CAGR)

Winner

XRT

+9.96%

HEGD

+9.63%

XRT vs HEGD - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

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

XRT vs HEGD Drawdown Comparison

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

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

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

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

Correlation

Correlation between XRT and HEGD 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)

XRT vs HEGD dividend yield comparison.

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