Are AGG and HEGD in the same category?

AGG is a bond ETF and HEGD is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, AGG or HEGD?

In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and HEGD +6.8%.

Which is cheaper, AGG or HEGD?

AGG is cheaper, by 0.84 percentage points a year. That is about $84 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

AGG vs HEGD: Differences, Returns & Fees

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Over the year to Nov 4, 2026, AGG returned +0.2% to HEGD's +6.8%, and AGG charges 0.03% to HEGD's 0.87%.

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Net assets: $139.1bn on Nov 4, 2026 for iShares Core U.S. Aggregate Bond ETF, and $735m on Aug 31, 2026 for Swan Hedged Equity US Large Cap ETF.

AGG on its own →HEGD on its own →

At a glance

+0.2%

AGG total return, 1 year

+6.8%

HEGD total return, 1 year

0.03%

AGG expense ratio

0.87%

HEGD expense ratio

Pair scorecard

AGG costs 0.84 points a year less; their one-year returns differ by 6.6 points.

AGG vs HEGD: Differences, Returns & Fees
Measure	AGG	HEGD
Return
Measure	AGG	HEGD
Total return, 1 year	+0.2%	+6.8%
Total return, 52 weeks		+6.8%
Against its benchmark
Measure	AGG	HEGD
What it tracks	Bloomberg U.S. Aggregate Bond Index	not published
Treasury bills, 52 weeks		+3.7%
Against cash		3.2 points ahead
Cost and size
Measure	AGG	HEGD
Expense ratio	0.03%	0.87%
Net assets, AGG as of Nov 4, 2026 and HEGD as of Aug 31, 2026	$139.1bn	$735m
Holdings
Measure	AGG	HEGD
Holdings in common	not published
Risk
Measure	AGG	HEGD
Correlation with the S&P 500’s weekly returns		+0.98
Beta to the S&P 500		+0.66: about 0.66% for each 1%
Its average week when the S&P 500 fell		fell 0.76%
Down-week capture		71.4%
Weeks the S&P 500 fell		26 of 52, by 1.07% on average

Method

Side by side

AGG iShares Core U.S. Aggregate Bond ETF HEGD Swan Hedged Equity US Large Cap ETF

Where it sits Bond ETF Alternatives ETF

Issuer iShares Swan

What it is Tracks an index of US aggregate bonds Hedged equity

Total return, 1 year +0.2% +6.8%

Its benchmark over the same days +0.2% (SCHZ) +14.8% (VOO)

Gap to its benchmark 0.0 pts vs SCHZ −8.0 pts vs VOO

Expense ratio 0.03% 0.87%

Holdings 13462 not read by ETFIQ

Net assets, AGG as of Nov 4, 2026 and HEGD as of Aug 31, 2026 $139.1bn $735m

AGG and HEGD on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

AGG

AGG tracks an index of US aggregate bonds. Over the year to Nov 4, 2026 it returned +0.2% with distributions reinvested, against +0.2% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

HEGD

HEGD is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.98 with the S&P 500’s and a beta of +0.66, so for each 1% the index moved it moved about 0.66% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks HEGD fell 0.76% on average, a down-week capture of 71.4%. Over the same 52 weeks HEGD returned +6.8% and a Treasury bill fund +3.7%, so it finished 3.2 percentage points ahead of cash.

Questions people ask

Are AGG and HEGD in the same category?: AGG is a bond ETF and HEGD is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AGG or HEGD?: In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and HEGD +6.8%.
Which is cheaper, AGG or HEGD?: AGG is cheaper, by 0.84 percentage points a year. That is about $84 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs TAIL AGG vs PHEQ AGG vs KSPY AGG vs HELO BND vs HEGD HEGD vs TLT GLD vs HEGD HEGD vs QQQ

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →AGG on its own →HEGD on its own →Hold both: look the portfolio through →Rankings →AGG dividend history →AGG holdings →HEGD dividend history →Standards and sources →

Sources and dates

AGG filings on SEC EDGAR ↗

AGG prospectus with the expense ratio (SEC) ↗

iShares page for AGG ↗

HEGD filings on SEC EDGAR ↗

HEGD prospectus with the expense ratio (SEC) ↗

Swan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, AGG against HEGD, data as of Nov 4, 2026. https://etfiq.com/compare/any/agg-vs-hegd

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