HEGD Performance — Swan Hedged Equity US Large Cap ETF
Data updated: 2026-07-30
HEGD returned +6.80% year to date and +18.96% over one year to May 2026. Annualised returns are +15.21% over 3 years and +9.16% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $153, against $165 for the category, and to $119 over one year, against $122. Volatility over the past three years was 8.11% a year. In the 12 months to May 2026 the fund took in a net $190.6M, and assets reached $691.52M.
HEGD Growth of $100
What $100 invested in Swan Hedged Equity US Large Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | HEGD | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $122 |
| 3 years (Jun 2023 – May 2026) | $153 | $165 |
| 5 years (Jun 2021 – May 2026) | $155 | $164 |
| Since data start (Dec 2020 – May 2026) | $167 | $188 |
HEGD Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.80% |
| 1 year | +18.96% |
| 3 years (annualised) | +15.21% |
| 5 years (annualised) | +9.16% |
HEGD Annual Returns
Calendar-year total returns of Swan Hedged Equity US Large Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.80% |
| 2025 | +12.84% |
| 2024 | +15.47% |
| 2023 | +13.98% |
| 2022 | −10.84% |
| 2021 | +16.86% |
| 2020 (Dec–Dec) | +1.21% |
HEGD Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | −0.4% | −2.7% | +5.4% | +3.5% | — | — | — | — | — | — | — |
| 2025 | +1.7% | −0.7% | −3.2% | +0.7% | +2.8% | +3.3% | +1.4% | +1.5% | +3.0% | +2.1% | +0.1% | −0.4% |
| 2024 | +0.6% | +3.0% | +2.4% | −3.1% | +3.1% | +2.7% | +1.2% | +1.8% | +1.8% | −0.8% | +3.6% | −1.6% |
| 2023 | +2.7% | −2.0% | +1.9% | +0.9% | +0.2% | +3.8% | +2.0% | −0.5% | −3.5% | −1.5% | +5.6% | +3.9% |
| 2022 | −3.8% | −2.2% | +1.8% | −5.2% | −0.1% | −3.1% | +2.7% | −1.8% | −2.5% | +4.4% | +3.0% | −4.0% |
| 2021 | +0.1% | +1.1% | +1.7% | +3.9% | −0.1% | +1.5% | +2.1% | +2.2% | −3.2% | +4.5% | −0.1% | +2.4% |
| 2020 | — | — | — | — | — | — | — | — | — | — | — | +1.2% |
HEGD Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 8.11%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +5.56% (Nov 2023)
- Worst month: −3.45% (Sep 2023)
HEGD Fund Flows
Monthly money in and out of Swan Hedged Equity US Large Cap ETF, from SEC Form N-PORT.
- 12-month net flow: $190.6M
- 12-month gross sales (incl. reinvestments): $224.8M
- Sales ÷ redemptions: 6.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.8M | $0 | $4.8M |
| Apr 2026 | $28.5M | $0 | $28.5M |
| Mar 2026 | $6.0M | $5.8M | $184K |
| Feb 2026 | $5.8M | $8.6M | −$2.8M |
| Jan 2026 | $16.0M | $0 | $16.0M |
| Dec 2025 | $11.2M | $3.6M | $7.6M |
| Nov 2025 | $19.2M | $3.5M | $15.7M |
| Oct 2025 | $76.3M | $6.6M | $69.7M |
| Sep 2025 | $18.4M | $0 | $18.4M |
| Aug 2025 | $18.2M | $1.7M | $16.5M |
| Jul 2025 | $14.6M | $1.6M | $13.0M |
| Jun 2025 | $5.7M | $2.7M | $3.0M |
HEGD Assets Under Management
Net assets of Swan Hedged Equity US Large Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $691.52M |
| 2026-02-28 | $617.84M |
| 2025-11-30 | $598.30M |
| 2025-08-31 | $468.94M |
| 2025-05-31 | $409.85M |
| 2025-02-28 | $376.53M |
| 2024-11-30 | $328.92M |
| 2024-08-31 | $274.76M |
| 2024-05-31 | $248.21M |
| 2024-02-29 | $223.11M |
| 2023-11-30 | $194.60M |
| 2023-08-31 | $126.74M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.