BSR vs HEGD
Beacon Unified Catalyst ETF vs Swan Hedged Equity US Large Cap ETF
Which is better, BSR or HEGD?
HEGD has been ahead.
HEGD has a lower expense ratio. HEGD led over 1Y, 3Y and the full window.
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 | BSR | HEGD |
|---|---|---|
| Expense Ratio | 1.09% | 0.87%Best |
| AUM | $34M | $749M |
| Dividend Yield | 2.78% | 0.34% |
| Holdings | 60 | 26 |
| YTD Return | +4.60% | +6.89%Best |
| 1Y Return | +6.14% | +8.70%Best |
| 3Y Return (annualized) | +8.50% | +14.13%Best |
| 5Y Return (annualized) | - | +8.10% |
| Volatility (annualized) | 9.4% | 7.9%Best |
| Max Drawdown | -15.7% | -8.1%Best |
| $10,000 over 3.5 years | $12,880 | $15,419Best |
| Fund Family | Beacon Capital Management | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 17, 2023 | Dec 22, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Apr 18, 2023 to Oct 15, 2026 (3.5 years).
BSR 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 3.5 years both funds cover.
BSR vs HEGD Performance
Beacon Unified Catalyst ETF (BSR) is an ETF from Beacon Capital Management and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year BSR returned +6.14% while HEGD returned +8.70%. Year to date, BSR is up 4.60% versus a gain of 6.89% for HEGD.
Over three years, BSR compounded at +8.50% per year against +14.13% for HEGD. Across the full 4-year window we track, HEGD has the edge at +13.17% annualized vs +7.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSR has been the more volatile fund, with annualized monthly volatility of 9.4% compared with 7.9% 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 -15.7% for BSR 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSR charges 1.09% per year while HEGD charges 0.87%. On a $10,000 position that is $109 vs $87 annually, a gap of $22 per year that compounds over a long holding period. On income, BSR currently yields 2.78% against 0.34% for HEGD.
Holdings Overlap
At least 25.4% of BSR'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.
BSR and HEGD share little of their money.
1 positions in common, counted across the 29 positions we hold weights for in BSR and 2 in HEGD, against full books of 60 and 26.
Top Shared Holdings
| Stock | Weight in BSR | Weight in HEGD | Difference |
|---|---|---|---|
| SPYSpdr S&p 500 ETF Trust | 25.44% | 93.26% | 67.82% |
25.4% of BSR is already inside HEGD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BSR or HEGD?
BSR has an expense ratio of 1.09% while HEGD charges 0.87%. HEGD is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, BSR or HEGD?
Over the past year BSR returned +6.14% vs +8.70% for HEGD, so HEGD leads on 1-year performance. Over the longest common window we track (4 years), BSR annualized +7.50% vs +13.17% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSR or HEGD?
BSR has been the more volatile fund at 9.4% annualized versus 7.9% for HEGD. Worst drawdown: BSR -15.7% vs HEGD -8.1%.
Should I hold both BSR and HEGD?
BSR and HEGD have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BSR and HEGD?
At least 25.4% of BSR's money is in holdings HEGD also owns. Our book for HEGD is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 29 positions we hold weights for in BSR and 2 in HEGD.
Which pays a higher dividend, BSR or HEGD?
BSR yields 2.78% while HEGD yields 0.34%, so BSR currently pays the higher dividend yield.
Is HEGD better than BSR?
HEGD has a lower expense ratio. HEGD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.