HEJD vs TBG
VictoryShares Hedged Equity Income ETF vs TBG Dividend Focus ETF
Which is better, HEJD or TBG?
TBG has been ahead.
TBG has a lower expense ratio. TBG 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 | HEJD | TBG |
|---|---|---|
| Expense Ratio | 0.55% | 0.45%Best |
| AUM | $38M | $284M |
| Dividend Yield | 4.26% | 2.82% |
| Holdings | 204 | 78 |
| Volatility (annualized) | 4.5%Best | 12.3% |
| Max Drawdown | -10.3%Best | -14.8% |
| $10,000 over 1.6 years | $11,495 | $12,483Best |
| Fund Family | Victory Capital Management Inc. | EA Series Trust |
| Category | Equity | Equity |
| Style | All Cap Blend | All Cap Blend |
| Inception | Jul 10, 2024 | Nov 6, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 259 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HEJD has data through Jan 29, 2026 and TBG through Oct 15, 2026.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jul 11, 2024 to Jan 29, 2026 (1.6 years).
Risk: Volatility and Drawdowns
TBG has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 4.5% for HEJD. 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 -10.3% for HEJD and -14.8% for TBG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HEJD charges 0.55% per year while TBG charges 0.45%. On a $10,000 position that is $55 vs $45 annually, a gap of $10 per year that compounds over a long holding period. On income, HEJD currently yields 4.26% against 2.82% for TBG.
Holdings Overlap
At least 36.3% of TBG's money is in holdings HEJD also owns.
Stated as a floor: for HEJD, our book for it covers 89.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 335 days apart, HEJD as of Oct 31, 2025 and TBG as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 199 positions we hold weights for in HEJD and 38 in TBG, against full books of 204 and 78.
Top Shared Holdings
| Stock | Weight in HEJD | Weight in TBG | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.67% | 4.73% | 3.06% |
| VZVerizon Communic | 1.55% | 3.90% | 2.35% |
| PEPPepsico Inc. | 1.79% | 3.48% | 1.69% |
| GISGeneral Mills In | 1.45% | 2.77% | 1.32% |
| AEPAmerican Electric Power Co Inc | 0.98% | 3.10% | 2.12% |
| JNJJohnson & Johnson - Common | 0.43% | 3.40% | 2.97% |
| GILDGilead Sciences | 0.41% | 2.96% | 2.55% |
| AMGNAmgen Inc. | 0.67% | 2.66% | 1.99% |
| MCMoelis & Co_None_0 | 0.14% | 2.34% | 2.20% |
| MTNVail Resorts Inc. | 0.19% | 2.23% | 2.04% |
36.3% of TBG is already inside HEJD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HEJD or TBG?
HEJD has an expense ratio of 0.55% while TBG charges 0.45%. TBG is the cheaper option, by $10 a year on a $10,000 investment.
Which is riskier, HEJD or TBG?
TBG has been the more volatile fund at 12.3% annualized versus 4.5% for HEJD. Worst drawdown: HEJD -10.3% vs TBG -14.8%.
Should I hold both HEJD and TBG?
HEJD and TBG have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HEJD and TBG?
At least 36.3% of TBG's money is in holdings HEJD also owns. Our book for HEJD is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 199 positions we hold weights for in HEJD and 38 in TBG.
Which pays a higher dividend, HEJD or TBG?
HEJD yields 4.26% while TBG yields 2.82%, so HEJD currently pays the higher dividend yield.
Is TBG better than HEJD?
TBG has a lower expense ratio. TBG 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.