Summary
HEGD
Prices · period metrics · 12M
NAV as of 20/07/2026
02/04/2025 → 02/04/2026
Return 12.20% Volatility 7.99% Sharpe 1.19
Official loaded data — not a live quote.

SWAN HEDGED EQUITY US LARGE CAP ETF

Symbol: HEGD

Exchange: BATS

Sector: Technology

Category: Equity Hedged

Inception date: 22/12/2020

Latest date: 20/07/2026

Current price: $26.52

Expense ratio: 0.87%

Assets under management
$707.1M
-0.64% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-0.38%

Ann. -22.51% (Sharpe / Sortino numerator)

Volatility

7.42%

Sharpe ratio

-3.523

VaR 95%

-0.74%

CVaR 95%: -0.87%
Max drawdown: -3.48%
Sortino ratio: -6.200
Calmar ratio: -6.47

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

2.75%

Ann. -8.30% (Sharpe / Sortino numerator)

Volatility

6.48%

Sharpe ratio

-1.840

VaR 95%

-0.74%

CVaR 95%: -0.91%
Max drawdown: -4.39%
Sortino ratio: -2.593
Calmar ratio: -1.89

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

5.43%

Ann. -0.93% (Sharpe / Sortino numerator)

Volatility

7.00%

Sharpe ratio

-0.652

VaR 95%

-0.75%

CVaR 95%: -1.04%
Max drawdown: -4.39%
Sortino ratio: -0.879
Calmar ratio: -0.21

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

12.20%

Ann. 13.11% (Sharpe / Sortino numerator)

Volatility

7.99%

Sharpe ratio

1.186

VaR 95%

-0.75%

CVaR 95%: -1.08%
Max drawdown: -4.39%
Sortino ratio: 1.802
Calmar ratio: 2.99

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

23.33%

Ann. 10.13% (Sharpe / Sortino numerator)

Volatility

8.32%

Sharpe ratio

0.781

VaR 95%

-0.89%

CVaR 95%: -1.15%
Max drawdown: -8.14%
Sortino ratio: 1.153
Calmar ratio: 1.24

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

43.18%

Ann. 12.60% (Sharpe / Sortino numerator)

Volatility

8.05%

Sharpe ratio

1.115

VaR 95%

-0.81%

CVaR 95%: -1.08%
Max drawdown: -8.14%
Sortino ratio: 1.730
Calmar ratio: 1.55

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 21/07/2025 - 20/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.047%

Best day

1.145%

11/06/2026
Worst day

-1.815%

05/06/2026
Days with data

250

Recent price history (last 90 days)

Date Open High Low Close Volume
20/07/2026 $26.69 $26.69 $26.52 $26.52 112,000
17/07/2026 $26.56 $26.70 $26.56 $26.62 48,700
16/07/2026 $26.80 $26.89 $26.73 $26.77 69,500
15/07/2026 $26.84 $26.92 $26.79 $26.86 59,900
14/07/2026 $26.73 $26.86 $26.73 $26.82 114,200
13/07/2026 $26.65 $26.87 $26.65 $26.72 61,800
10/07/2026 $26.80 $26.91 $26.77 $26.87 74,800
09/07/2026 $26.70 $26.84 $26.69 $26.79 50,700
08/07/2026 $26.63 $26.66 $26.52 $26.65 97,300
07/07/2026 $26.74 $26.78 $26.66 $26.69 37,100