DVSP vs HEGD
WEBs SPY Defined Volatility ETF vs Swan Hedged Equity US Large Cap ETF
Which is better, DVSP or HEGD?
Nearly the same fund. HEGD costs less.
HEGD has a lower expense ratio. DVSP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | DVSP | HEGD |
|---|---|---|
| Expense Ratio | 0.89% | 0.87%Best |
| AUM | $2M | $749M |
| Dividend Yield | 0.26% | 0.34% |
| Holdings | 8 | 26 |
| YTD Return | +10.86%Best | +6.89% |
| 1Y Return | +13.59%Best | +8.70% |
| 3Y Return (annualized) | - | +14.13% |
| 5Y Return (annualized) | - | +8.10% |
| Volatility (annualized) | 17.8% | 7.3%Best |
| Max Drawdown | -22.7% | -8.1%Best |
| $10,000 over 1.8 years | $12,078Best | $11,829 |
| Fund Family | WEBs Investments | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2024 | Dec 22, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 17, 2024 to Oct 15, 2026 (1.8 years).
DVSP 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 1.8 years both funds cover.
DVSP vs HEGD Performance
WEBs SPY Defined Volatility ETF (DVSP) is an ETF from WEBs Investments and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year DVSP returned +13.59% while HEGD returned +8.70%. Year to date, DVSP is up 10.86% versus a gain of 6.89% for HEGD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVSP has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 7.3% 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 -22.7% for DVSP 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DVSP charges 0.89% per year while HEGD charges 0.87%. On a $10,000 position that is $89 vs $87 annually, a gap of $2 per year that compounds over a long holding period. On income, DVSP currently yields 0.26% against 0.34% for HEGD.
Holdings Overlap
We hold position weights for 1 holding in DVSP and 2 in HEGD, totalling 43.3% and 93.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in DVSP and 2 in HEGD, against full books of 8 and 26.
Top Shared Holdings
| Stock | Weight in DVSP | Weight in HEGD | Difference |
|---|---|---|---|
| SPYSpdr S&p 500 ETF Trust | 43.25% | 93.26% | 50.01% |
You are not choosing between two funds in isolation.
Whichever of DVSP 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, DVSP or HEGD?
DVSP has an expense ratio of 0.89% while HEGD charges 0.87%. HEGD is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, DVSP or HEGD?
Over the past year DVSP returned +13.59% vs +8.70% for HEGD, so DVSP leads on 1-year performance. Over the longest common window we track (2 years), DVSP annualized +11.06% vs +9.78% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVSP or HEGD?
DVSP has been the more volatile fund at 17.8% annualized versus 7.3% for HEGD. Worst drawdown: DVSP -22.7% vs HEGD -8.1%.
Should I hold both DVSP and HEGD?
DVSP and HEGD have a monthly-return correlation of 0.96, 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, DVSP or HEGD?
DVSP yields 0.26% while HEGD yields 0.34%, so HEGD currently pays the higher dividend yield.
Is HEGD better than DVSP?
HEGD has a lower expense ratio. DVSP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.