HEGD vs IAE
Swan Hedged Equity US Large Cap ETF vs Voya Asia Pacific High Dividend Equity Income Fund
Which is better, HEGD or IAE?
Each has led over a different period.
HEGD has a lower expense ratio. HEGD led over 1Y, 5Y and the full window, IAE over 3Y.
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 | HEGD | IAE |
|---|---|---|
| Expense Ratio | 0.87%Best | 1.21% |
| AUM | $749M | $95M |
| Dividend Yield | 0.34% | 8.68% |
| Holdings | 26 | 271 |
| YTD Return | +6.59%Best | +1.03% |
| 1Y Return | +8.56%Best | +6.56% |
| 3Y Return (annualized) | +14.04% | +19.94%Best |
| 5Y Return (annualized) | +8.16%Best | +7.99% |
| Volatility (annualized) | 8.6%Best | 20.1% |
| Max Drawdown | -14.6%Best | -32.9% |
| $10,000 over 5 years | $14,802Best | $14,686 |
| Fund Family | Swan Capital Management | Voya Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 22, 2020 | Mar 27, 2007 |
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 13, 2026 (5.8 years).
HEGD vs IAE 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.
HEGD vs IAE Performance
Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management and Voya Asia Pacific High Dividend Equity Income Fund (IAE) is an ETF from Voya Investment Management. Over the past year HEGD returned +8.56% while IAE returned +6.56%. Year to date, HEGD is up 6.59% versus a gain of 1.03% for IAE.
Over three years, HEGD compounded at +14.04% per year against +19.94% for IAE; over five years the annualized figures are +8.16% and +7.99% respectively. Across the full 6-year window we track, HEGD has the edge at +9.40% annualized vs +7.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAE has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -14.6% for HEGD and -32.9% for IAE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEGD charges 0.87% per year while IAE charges 1.21%. On a $10,000 position that is $87 vs $121 annually, a gap of $34 per year that compounds over a long holding period. On income, HEGD currently yields 0.34% against 8.68% for IAE.
Holdings Overlap
We hold position weights for 2 holdings in HEGD and 248 in IAE, totalling 93.6% and 98.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in HEGD and 248 in IAE, against full books of 26 and 271.
You are not choosing between two funds in isolation.
Whichever of HEGD and IAE 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, HEGD or IAE?
HEGD has an expense ratio of 0.87% while IAE charges 1.21%. HEGD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, HEGD or IAE?
Over the past year HEGD returned +8.56% vs +6.56% for IAE, so HEGD leads on 1-year performance. Over the longest common window we track (6 years), HEGD annualized +9.40% vs +7.17% for IAE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEGD or IAE?
IAE has been the more volatile fund at 20.1% annualized versus 8.6% for HEGD. Worst drawdown: HEGD -14.6% vs IAE -32.9%.
Should I hold both HEGD and IAE?
HEGD and IAE have a monthly-return correlation of 0.52, 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, HEGD or IAE?
HEGD yields 0.34% while IAE yields 8.68%, so IAE currently pays the higher dividend yield.
Is IAE better than HEGD?
HEGD has a lower expense ratio. HEGD led over 1Y, 5Y and the full window, IAE over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.