Are HEDG and VOO in the same category?

HEDG is an alternatives ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, HEDG or VOO?

In the year to Oct 27, 2026, with distributions reinvested, HEDG returned +9.4% and VOO +13.6%.

Which is cheaper, HEDG or VOO?

VOO is cheaper, by 0.93 percentage points a year. That is about $93 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Across categories

HEDG vs VOO: Differences, Returns & Fees

Over the year to Oct 27, 2026, HEDG returned +9.4% to VOO's +13.6%, and VOO charges 0.03% to HEDG's 0.96%.

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Net assets: $427m on Jul 31, 2026 for Equable Shares Hedged Equity ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

HEDG on its own →VOO on its own →

At a glance

+9.4%

HEDG total return, 1 year

+13.6%

VOO total return, 1 year

0.96%

HEDG expense ratio

0.03%

VOO expense ratio

Pair scorecard

VOO costs 0.93 points a year less; their one-year returns differ by 4.2 points.

HEDG vs VOO: Differences, Returns & Fees
Measure	HEDG	VOO
Return
Measure	HEDG	VOO
Total return, 1 year	+9.4%	+13.6%
Total return, 52 weeks	+9.4%
Against its benchmark
Measure	HEDG	VOO
What it tracks	not published	S&P 500 Index
Treasury bills, 52 weeks	+3.7%
Against cash	5.8 points ahead
Cost and size
Measure	HEDG	VOO
Expense ratio	0.96%	0.03%
Net assets, HEDG as of Jul 31, 2026 and VOO as of Sep 30, 2026	$427m	$1.0tn
Holdings
Measure	HEDG	VOO
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		39.1%
Risk
Measure	HEDG	VOO
Correlation with the S&P 500’s weekly returns	+0.85
Beta to the S&P 500	+0.28: about 0.28% for each 1%
Its average week when the S&P 500 fell	fell 0.21%
Down-week capture	19.4%
Weeks the S&P 500 fell	25 of 52, by 1.10% on average

Method

Side by side

HEDG Equable Shares Hedged Equity ETF VOO Vanguard S&P 500 ETF

Where it sits Alternatives ETF Stock ETF

Issuer Equable Shares Vanguard

What it is Hedged equity Tracks the S&P 500

Total return, 1 year +9.4% +13.6%

Its benchmark over the same days +13.6% (VOO) +13.6% (IVV)

Gap to its benchmark −4.2 pts vs VOO 0.0 pts vs IVV

Expense ratio 0.96% 0.03%

Holdings not read by ETFIQ 507

Net assets, HEDG as of Jul 31, 2026 and VOO as of Sep 30, 2026 $427m $1.0tn

HEDG and VOO on the fields both publish, as of Oct 27, 2026. Source: ETFIQ.

Alert

About each fund

HEDG

HEDG 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 Oct 27, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +0.28, so for each 1% the index moved it moved about 0.28% the same way. The S&P 500 fell in 25 of those 52 weeks, by 1.10% on average. In the same weeks HEDG fell 0.21% on average, a down-week capture of 19.4%. Over the same 52 weeks HEDG returned +9.4% and a Treasury bill fund +3.7%, so it finished 5.8 percentage points ahead of cash.

VOO

VOO tracks the S&P 500. Over the year to Oct 27, 2026 it returned +13.6% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Are HEDG and VOO in the same category?: HEDG is an alternatives ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, HEDG or VOO?: In the year to Oct 27, 2026, with distributions reinvested, HEDG returned +9.4% and VOO +13.6%.
Which is cheaper, HEDG or VOO?: VOO is cheaper, by 0.93 percentage points a year. That is about $93 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HEDG vs IVV HEDG vs SPY HEDG vs QQQ HEDG vs TLT SHDG vs VOO TAIL vs VOO PHEQ vs VOO KSPY vs VOO

Where to next

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

Sources and dates

HEDG filings on SEC EDGAR ↗

HEDG prospectus with the expense ratio (SEC) ↗

Equable Shares website ↗

VOO filings on SEC EDGAR ↗

VOO prospectus with the expense ratio (SEC) ↗

Vanguard page for VOO ↗

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

Cite this pageCitation, APA and Markdown

ETFIQ, HEDG against VOO, data as of Oct 27, 2026. https://etfiq.com/compare/any/hedg-vs-voo

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