HEGD vs ZJAN
Swan Hedged Equity US Large Cap ETF vs Innovator Equity Defined Protection ETF - 1 Yr January
Which is better, HEGD or ZJAN?
HEGD has been ahead.
ZJAN has a lower expense ratio. HEGD led over 1Y 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 | HEGD | ZJAN |
|---|---|---|
| Expense Ratio | 0.87% | 0.79%Best |
| AUM | $749M | $109M |
| Dividend Yield | 0.34% | 0.00% |
| Holdings | 26 | 15 |
| YTD Return | +6.59%Best | +3.98% |
| 1Y Return | +8.56%Best | +5.91% |
| 3Y Return (annualized) | +14.04% | - |
| 5Y Return (annualized) | +8.16% | - |
| Volatility (annualized) | 7.4% | 2.4%Best |
| Max Drawdown | -8.1% | -3.2%Best |
| $10,000 over 1.8 years | $12,065Best | $11,130 |
| Fund Family | Swan Capital Management | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 22, 2020 | Jan 2, 2025 |
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: Jan 2, 2025 to Oct 14, 2026 (1.8 years).
HEGD vs ZJAN 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.
HEGD vs ZJAN Performance
Swan Hedged Equity US Large Cap ETF (HEGD) is an ETF from Swan Capital Management and Innovator Equity Defined Protection ETF - 1 Yr January (ZJAN) is an ETF from Innovator ETFs Trust. Over the past year HEGD returned +8.56% while ZJAN returned +5.91%. Year to date, HEGD is up 6.59% versus a gain of 3.98% for ZJAN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEGD has been the more volatile fund, with annualized monthly volatility of 7.4% compared with 2.4% for ZJAN. 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 -3.2% for ZJAN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEGD charges 0.87% per year while ZJAN charges 0.79%. On a $10,000 position that is $87 vs $79 annually, a gap of $8 per year that compounds over a long holding period. On income, HEGD currently yields 0.34% against 0.00% for ZJAN.
You are not choosing between two funds in isolation.
Whichever of HEGD and ZJAN 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 ZJAN?
HEGD has an expense ratio of 0.87% while ZJAN charges 0.79%. ZJAN is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, HEGD or ZJAN?
Over the past year HEGD returned +8.56% vs +5.91% for ZJAN, so HEGD leads on 1-year performance. Over the longest common window we track (2 years), HEGD annualized +10.99% vs +6.13% for ZJAN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HEGD or ZJAN?
HEGD has been the more volatile fund at 7.4% annualized versus 2.4% for ZJAN. Worst drawdown: HEGD -8.1% vs ZJAN -3.2%.
Should I hold both HEGD and ZJAN?
HEGD and ZJAN have a monthly-return correlation of 0.88, 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 ZJAN?
HEGD yields 0.34% while ZJAN yields 0.00%, so HEGD currently pays the higher dividend yield.
Is ZJAN better than HEGD?
ZJAN has a lower expense ratio. HEGD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.