ADPV vs HEGD
Adaptiv Select ETF vs Swan Hedged Equity US Large Cap ETF
Which is better, ADPV or HEGD?
Each has led over a different period.
HEGD has a lower expense ratio. ADPV led over 3Y and the full window, HEGD over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ADPV | HEGD |
|---|---|---|
| Expense Ratio | 1.00% | 0.87%Best |
| AUM | $176M | $749M |
| Dividend Yield | 0.69% | 0.34% |
| Holdings | 28 | 26 |
| YTD Return | -0.81% | +6.59%Best |
| 1Y Return | -3.77% | +8.56%Best |
| 3Y Return (annualized) | +22.15%Best | +14.04% |
| 5Y Return (annualized) | - | +8.16% |
| Volatility (annualized) | 18.8% | 8.0%Best |
| Max Drawdown | -22.3% | -8.1%Best |
| $10,000 over 3.9 years | $17,542Best | $15,913 |
| Fund Family | Adaptive ETFs | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Dec 22, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 4, 2022 to Oct 14, 2026 (3.9 years).
ADPV vs HEGD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
ADPV vs HEGD Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year ADPV returned -3.77% while HEGD returned +8.56%. Year to date, ADPV is down 0.81% versus a gain of 6.59% for HEGD.
Over three years, ADPV compounded at +22.15% per year against +14.04% for HEGD. Across the full 4-year window we track, ADPV has the edge at +15.50% annualized vs +12.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 8.0% for HEGD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.3% for ADPV and -8.1% for HEGD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while HEGD charges 0.87%. On a $10,000 position that is $100 vs $87 annually, a gap of $13 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 0.34% for HEGD.
Holdings Overlap
We hold position weights for 26 holdings in ADPV and 2 in HEGD, totalling 99.9% and 93.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 26 positions we hold weights for in ADPV and 2 in HEGD, against full books of 28 and 26.
You are not choosing between two funds in isolation.
Whichever of ADPV and HEGD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ADPV or HEGD?
ADPV has an expense ratio of 1.00% while HEGD charges 0.87%. HEGD is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, ADPV or HEGD?
Over the past year ADPV returned -3.77% vs +8.56% for HEGD, so HEGD leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +15.50% vs +12.65% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or HEGD?
ADPV has been the more volatile fund at 18.8% annualized versus 8.0% for HEGD. Worst drawdown: ADPV -22.3% vs HEGD -8.1%.
Should I hold both ADPV and HEGD?
ADPV and HEGD have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ADPV or HEGD?
ADPV yields 0.69% while HEGD yields 0.34%, so ADPV currently pays the higher dividend yield.
Is HEGD better than ADPV?
HEGD has a lower expense ratio. ADPV led over 3Y and the full window, HEGD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.