AESR vs ZHDG
Anfield US Equity Sector Rotation ETF vs ZEGA Buy and Hedge ETF
Which is better, AESR or ZHDG?
AESR has been ahead.
ZHDG has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94.
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 | ZHDG |
|---|---|---|
| Expense Ratio | 0.97% | 0.95%Best |
| AUM | $257M | $31M |
| Dividend Yield | 0.00% | 2.42% |
| Holdings | 66 | 28 |
| YTD Return | +14.49%Best | +6.90% |
| 1Y Return | +18.02%Best | +8.99% |
| 3Y Return (annualized) | +24.85%Best | +14.14% |
| 5Y Return (annualized) | +13.25%Best | +6.03% |
| Volatility (annualized) | 17.2% | 12.3%Best |
| Max Drawdown | -25.0% | -23.3%Best |
| $10,000 over 5 years | $18,629Best | $13,401 |
| Fund Family | Horizon Funds | Zega ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2019 | Jul 6, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 7, 2021 to Oct 14, 2026 (5.3 years).
AESR vs ZHDG 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 5.3 years both funds cover.
AESR vs ZHDG Performance
Anfield US Equity Sector Rotation ETF (AESR) is an ETF from Horizon Funds and ZEGA Buy and Hedge ETF (ZHDG) is an ETF from Zega ETFs. Over the past year AESR returned +18.02% while ZHDG returned +8.99%. Year to date, AESR is up 14.49% versus a gain of 6.90% for ZHDG.
Over three years, AESR compounded at +24.85% per year against +14.14% for ZHDG; over five years the annualized figures are +13.25% and +6.03% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AESR has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 12.3% for ZHDG. 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 -23.3% for ZHDG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 ZHDG charges 0.95%. On a $10,000 position that is $97 vs $95 annually, a gap of $2 per year that compounds over a long holding period. On income, AESR currently yields 0.00% against 2.42% for ZHDG.
Holdings Overlap
At least 0.5% of AESR's money is in holdings ZHDG also owns.
Stated as a floor: for ZHDG, our book for it covers 8.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 32 positions we hold weights for in AESR and 2 in ZHDG, against full books of 66 and 28.
Top Shared Holdings
| Stock | Weight in AESR | Weight in ZHDG | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.49% | 3.19% | 2.70% |
You are not choosing between two funds in isolation.
Whichever of AESR and ZHDG 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 ZHDG?
AESR has an expense ratio of 0.97% while ZHDG charges 0.95%. ZHDG is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, AESR or ZHDG?
Over the past year AESR returned +18.02% vs +8.99% for ZHDG, so AESR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AESR or ZHDG?
AESR has been the more volatile fund at 17.2% annualized versus 12.3% for ZHDG. Worst drawdown: AESR -25.0% vs ZHDG -23.3%.
Should I hold both AESR and ZHDG?
AESR and ZHDG have a monthly-return correlation of 0.94, 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, AESR or ZHDG?
AESR yields 0.00% while ZHDG yields 2.42%, so ZHDG currently pays the higher dividend yield.
Is ZHDG better than AESR?
ZHDG has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.