GGN vs HEGD
GAMCO Global Gold Natural Resources & Income Trust vs Swan Hedged Equity US Large Cap ETF
Which is better, GGN or HEGD?
Each has led over a different period.
HEGD has a lower expense ratio. GGN led over 3Y, 5Y and the full window, HEGD over 1Y.
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 | GGN | HEGD |
|---|---|---|
| Expense Ratio | 1.40% | 0.87%Best |
| AUM | $1.0B | $749M |
| Dividend Yield | 6.14% | 0.34% |
| Holdings | 221 | 26 |
| YTD Return | +2.85% | +6.59%Best |
| 1Y Return | +5.08% | +8.56%Best |
| 3Y Return (annualized) | +19.86%Best | +14.04% |
| 5Y Return (annualized) | +14.43%Best | +8.16% |
| Volatility (annualized) | 16.2% | 8.6%Best |
| Max Drawdown | -22.1% | -14.6%Best |
| $10,000 over 5 years | $19,620Best | $14,802 |
| Fund Family | Gabelli Funds | Swan Capital Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 29, 2005 | 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).
GGN 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.
GGN vs HEGD Performance
GAMCO Global Gold Natural Resources & Income Trust (GGN) is an ETF from Gabelli Funds and Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management. Over the past year GGN returned +5.08% while HEGD returned +8.56%. Year to date, GGN is up 2.85% versus a gain of 6.59% for HEGD.
Over three years, GGN compounded at +19.86% per year against +14.04% for HEGD; over five years the annualized figures are +14.43% and +8.16% respectively. Across the full 6-year window we track, GGN has the edge at +15.97% annualized vs +9.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGN has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -22.1% for GGN 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 0.27. They move largely independently of each other.
Fees and Cost Over Time
GGN charges 1.40% per year while HEGD charges 0.87%. On a $10,000 position that is $140 vs $87 annually, a gap of $53 per year that compounds over a long holding period. On income, GGN currently yields 6.14% against 0.34% for HEGD.
Holdings Overlap
We hold position weights for 71 holdings in GGN and 2 in HEGD, totalling 81.1% 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, GGN 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 71 positions we hold weights for in GGN and 2 in HEGD, against full books of 221 and 26.
You are not choosing between two funds in isolation.
Whichever of GGN 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, GGN or HEGD?
GGN has an expense ratio of 1.40% while HEGD charges 0.87%. HEGD is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, GGN or HEGD?
Over the past year GGN returned +5.08% vs +8.56% for HEGD, so HEGD leads on 1-year performance. Over the longest common window we track (6 years), GGN annualized +15.97% vs +9.20% for HEGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GGN or HEGD?
GGN has been the more volatile fund at 16.2% annualized versus 8.6% for HEGD. Worst drawdown: GGN -22.1% vs HEGD -14.6%.
Should I hold both GGN and HEGD?
GGN and HEGD have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GGN or HEGD?
GGN yields 6.14% while HEGD yields 0.34%, so GGN currently pays the higher dividend yield.
Is HEGD better than GGN?
HEGD has a lower expense ratio. GGN led over 3Y, 5Y and the full window, HEGD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.