ADX vs HEGD
Adams Diversified Equity Fund Inc vs Swan Hedged Equity US Large Cap ETF
Which is better, ADX or HEGD?
ADX has been ahead.
ADX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | ADX | HEGD |
|---|---|---|
| Expense Ratio | - | 0.87% |
| AUM | $3.2B | $749M |
| Dividend Yield | 7.25% | 0.34% |
| Holdings | 108 | 26 |
| YTD Return | +10.32%Best | +6.59% |
| 1Y Return | +16.35%Best | +8.56% |
| 3Y Return (annualized) | +25.88%Best | +14.04% |
| 5Y Return (annualized) | +15.53%Best | +8.16% |
| Volatility (annualized) | 15.5% | 8.6%Best |
| Max Drawdown | -25.1% | -14.6%Best |
| $10,000 over 5 years | $20,581Best | $14,802 |
| Fund Family | Adams Funds | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 1, 1929 | Dec 22, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 23, 2020 to Oct 14, 2026 (5.8 years).
ADX 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 5.8 years both funds cover.
ADX vs HEGD Performance
Adams Diversified Equity Fund Inc (ADX) is an ETF from Adams Funds and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year ADX returned +16.35% while HEGD returned +8.56%. Year to date, ADX is up 10.32% versus a gain of 6.59% for HEGD.
Over three years, ADX compounded at +25.88% per year against +14.04% for HEGD; over five years the annualized figures are +15.53% and +8.16% respectively. Across the full 6-year window we track, ADX has the edge at +16.75% annualized vs +9.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADX has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 8.6% 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 -25.1% for ADX and -14.6% 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Holdings Overlap
We hold position weights for 105 holdings in ADX and 2 in HEGD, totalling 100.2% and 93.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 78 days apart, ADX as of Jun 30, 2026 and HEGD as of Sep 16, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 105 positions we hold weights for in ADX and 2 in HEGD, against full books of 108 and 26.
You are not choosing between two funds in isolation.
Whichever of ADX 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 performed better, ADX or HEGD?
Over the past year ADX returned +16.35% vs +8.56% for HEGD, so ADX leads on 1-year performance. Over the longest common window we track (6 years), ADX annualized +16.75% vs +9.20% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADX or HEGD?
ADX has been the more volatile fund at 15.5% annualized versus 8.6% for HEGD. Worst drawdown: ADX -25.1% vs HEGD -14.6%.
Should I hold both ADX and HEGD?
ADX and HEGD have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, ADX or HEGD?
ADX yields 7.25% while HEGD yields 0.34%, so ADX currently pays the higher dividend yield.
Is HEGD better than ADX?
ADX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.