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Swan Hedged Equity US Large Cap ETF (HEGD)

Equity Hedged | Exchange Traded Fund | Cboe US
26.85 USD -0.23 (-0.836%) ⇩ (Oct. 16, 2026, 3:55 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 3:42 a.m. EDT

The Swan Hedged Equity US Large Cap ETF presents a compelling case for cautious accumulation, driven by a robust multi-year upward trajectory and a statistically reliable short-term bullish bias. Over the last four years, the asset has delivered a +34.28% cumulative gain, fueled by three consecutive years of positive annual returns, indicating that the market has consistently rewarded the underlying business quality despite the inherent hedging costs. This structural resilience is reinforced by recent price action, which shows the security trading comfortably above both its 50-day and 200-day moving averages, suggesting healthy medium-term momentum. Furthermore, the short-term statistical forecast model offers a high-confidence signal pointing to a modest 1.34% upside over the next 45 days, aligning with the broader technical uptrend. However, the investment case is tempered by the nature of the strategy itself and the current yield profile. As a hedged equity vehicle, the fund incurs significant costs to mitigate tail-risk events, which naturally suppresses absolute returns compared to unhedged large-cap peers. This friction is evident in the dividend yield, which sits at a mere 0.34%. While the payout history shows consistency, the yield is insufficient to provide meaningful income relative to inflation or bond alternatives, making it unsuitable for investors seeking current income. Consequently, the thesis relies entirely on capital appreciation. For a patient investor willing to accept low yield in exchange for downside protection and steady compounding, the risk-reward profile appears favorable, though the lack of a high-yield floor limits the total return potential in flat markets.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.012073
AutoETS0.012256
AutoTheta0.015171
MSTL0.021117

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 72%
H-stat 0.06
Ljung-Box p 0.000
Jarque-Bera p 0.377
Excess Kurtosis -0.99
Attribute Value
Trailing P/E 24.18

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.35% 0.35% 0.39% —
Dividend History
Date Dividend Yield %
2025-12-23 0.090 0.354456
2024-12-27 0.096 0.424591
2023-12-28 0.076 0.388866
2022-12-29 0.149 0.865273
2021-12-29 0.061 0.310591
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.34

Info Dump

Attribute Value
All Time High 27.474
All Time Low 16.45
Ask 26.88
Ask Size 600
Average Daily Volume10 Day 48,570
Average Daily Volume3 Month 67,925
Average Volume 67,925
Average Volume10Days 48,570
Beta3 Year 0.6
Bid 26.82
Bid Size 600
Category Equity Hedged
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 27.06
Day Low 26.81
Display Name Swan Hedged Equity US LgCp ETF
Dividend Yield 0.34
Eps Trailing Twelve Months 1.1102455
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 27.05558
Fifty Day Average Change -0.20557976
Fifty Day Average Change Percent -0.0075984234
Fifty Two Week Change Percent 8.174192
Fifty Two Week High 27.474
Fifty Two Week High Change -0.62400055
Fifty Two Week High Change Percent -0.022712402
Fifty Two Week Low 24.39
Fifty Two Week Low Change 2.460001
Fifty Two Week Low Change Percent 0.10086105
Fifty Two Week Range 24.39 - 27.474
First Trade Date Milliseconds 1,608,733,800,000
Five Year Average Return 0.0817779
Full Exchange Name Cboe US
Fullday Change -0.21459961
Fullday Change Percent -0.79257363
Fullday Price 26.85
Fund Family Swan
Fund Inception Date 1,608,595,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively-managed ETF that pursues its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) directly and indirectly through one or more other investment companies, including ETFs, in equity securities of large capitalization U.S. companies. It may buy and sell put and call options.
Long Name Swan Hedged Equity US Large Cap ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_692398019
Nav Price 27.0604
Net Assets 739,538,560.0
Net Expense Ratio 0.87
Open 27.0501
Previous Close 27.0763
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.226299
Regular Market Change Percent -0.835784
Regular Market Day High 27.06
Regular Market Day Low 26.81
Regular Market Day Range 26.81 - 27.06
Regular Market Open 27.0501
Regular Market Previous Close 27.0763
Regular Market Price 26.85
Regular Market Time 1,792,180,510
Regular Market Volume 36,353
Short Name Swan Hedged Equity US Large Cap
Source Interval 15
Symbol HEGD
Three Year Average Return 0.1443594
Total Assets 739,538,560
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 24.183842
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.60006
Trailing Three Month Returns 0.60006
Triggerable 1
Two Hundred Day Average 26.18788
Two Hundred Day Average Change 0.6621208
Two Hundred Day Average Change Percent 0.025283484
Type Disp ETF
Volume 36,353
Yield 0.0034
Ytd Return 6.30313