HEGD vs MEDX
Swan Hedged Equity US Large Cap ETF vs Horizon Kinetics Medical ETF
Which is better, HEGD or MEDX?
Each has led over a different period.
MEDX has a lower expense ratio. HEGD led over 3Y and the full window, MEDX 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 | HEGD | MEDX |
|---|---|---|
| Expense Ratio | 0.87% | 0.85%Best |
| AUM | $749M | $16M |
| Dividend Yield | 0.34% | 1.16% |
| Holdings | 26 | 68 |
| YTD Return | +6.59%Best | +6.58% |
| 1Y Return | +8.56% | +14.21%Best |
| 3Y Return (annualized) | +14.04%Best | +9.64% |
| 5Y Return (annualized) | +8.16% | - |
| Volatility (annualized) | 7.8%Best | 14.2% |
| Max Drawdown | -8.1%Best | -21.6% |
| $10,000 over 3.7 years | $15,462Best | $12,589 |
| Fund Family | Swan Capital Management | Horizon Kinetics LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 22, 2020 | Jan 27, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 31, 2023 to Oct 14, 2026 (3.7 years).
HEGD vs MEDX 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 3.7 years both funds cover.
HEGD vs MEDX Performance
Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management and Horizon Kinetics Medical ETF (MEDX) is an ETF from Horizon Kinetics LLC. Over the past year HEGD returned +8.56% while MEDX returned +14.21%. Year to date, HEGD is up 6.59% versus a gain of 6.58% for MEDX.
Over three years, HEGD compounded at +14.04% per year against +9.64% for MEDX. Across the full 4-year window we track, HEGD has the edge at +12.50% annualized vs +6.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEDX has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 7.8% 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 -8.1% for HEGD and -21.6% for MEDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEGD charges 0.87% per year while MEDX charges 0.85%. On a $10,000 position that is $87 vs $85 annually, a gap of $2 per year that compounds over a long holding period. On income, HEGD currently yields 0.34% against 1.16% for MEDX.
Holdings Overlap
We hold position weights for 2 holdings in HEGD and 31 in MEDX, totalling 93.6% and 91.6% 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 31 in MEDX, against full books of 26 and 68.
You are not choosing between two funds in isolation.
Whichever of HEGD and MEDX 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 MEDX?
HEGD has an expense ratio of 0.87% while MEDX charges 0.85%. MEDX is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, HEGD or MEDX?
Over the past year HEGD returned +8.56% vs +14.21% for MEDX, so MEDX leads on 1-year performance. Over the longest common window we track (4 years), HEGD annualized +12.50% vs +6.42% for MEDX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEGD or MEDX?
MEDX has been the more volatile fund at 14.2% annualized versus 7.8% for HEGD. Worst drawdown: HEGD -8.1% vs MEDX -21.6%.
Should I hold both HEGD and MEDX?
HEGD and MEDX have a monthly-return correlation of 0.46, 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 MEDX?
HEGD yields 0.34% while MEDX yields 1.16%, so MEDX currently pays the higher dividend yield.
Is MEDX better than HEGD?
MEDX has a lower expense ratio. HEGD led over 3Y and the full window, MEDX over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.