AESR vs HEGD
Anfield US Equity Sector Rotation ETF vs Swan Hedged Equity US Large Cap ETF
Which is better, AESR or HEGD?
AESR has been ahead.
HEGD has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | AESR | HEGD |
|---|---|---|
| Expense Ratio | 0.97% | 0.87%Best |
| AUM | $257M | $749M |
| Dividend Yield | 0.00% | 0.34% |
| Holdings | 66 | 26 |
| YTD Return | +15.25%Best | +6.89% |
| 1Y Return | +17.83%Best | +8.70% |
| 3Y Return (annualized) | +25.10%Best | +14.13% |
| 5Y Return (annualized) | +13.17%Best | +8.10% |
| Volatility (annualized) | 16.5% | 8.6%Best |
| Max Drawdown | -25.0% | -14.6%Best |
| $10,000 over 5 years | $18,563Best | $14,761 |
| Fund Family | Horizon Funds | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2019 | 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 15, 2026 (5.8 years).
AESR 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.
AESR vs HEGD Performance
Anfield US Equity Sector Rotation ETF (AESR) is an ETF from Horizon Funds and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year AESR returned +17.83% while HEGD returned +8.70%. Year to date, AESR is up 15.25% versus a gain of 6.89% for HEGD.
Over three years, AESR compounded at +25.10% per year against +14.13% for HEGD; over five years the annualized figures are +13.17% and +8.10% respectively. Across the full 6-year window we track, AESR has the edge at +14.86% annualized vs +9.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AESR has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -25.0% for AESR 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AESR charges 0.97% per year while HEGD charges 0.87%. On a $10,000 position that is $97 vs $87 annually, a gap of $10 per year that compounds over a long holding period. On income, AESR currently yields 0.00% against 0.34% for HEGD.
Holdings Overlap
At least 16.0% of AESR's money is in holdings HEGD also owns.
Stated as a floor: for HEGD, our book for it covers 93.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
AESR and HEGD share little of their money.
2 positions in common, counted across the 32 positions we hold weights for in AESR and 2 in HEGD, against full books of 66 and 26.
You are not choosing between two funds in isolation.
Whichever of AESR 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, AESR or HEGD?
AESR has an expense ratio of 0.97% while HEGD charges 0.87%. HEGD is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, AESR or HEGD?
Over the past year AESR returned +17.83% vs +8.70% for HEGD, so AESR leads on 1-year performance. Over the longest common window we track (6 years), AESR annualized +14.86% vs +9.25% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AESR or HEGD?
AESR has been the more volatile fund at 16.5% annualized versus 8.6% for HEGD. Worst drawdown: AESR -25.0% vs HEGD -14.6%.
Should I hold both AESR and HEGD?
AESR and HEGD have a monthly-return correlation of 0.93, 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.
What is the holdings overlap between AESR and HEGD?
At least 16.0% of AESR's money is in holdings HEGD also owns. Our book for HEGD is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 32 positions we hold weights for in AESR and 2 in HEGD.
Which pays a higher dividend, AESR or HEGD?
AESR yields 0.00% while HEGD yields 0.34%, so HEGD currently pays the higher dividend yield.
Is HEGD better than AESR?
HEGD has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.