Swan Hedged Equity US Large Cap ETF (HEGD) — Stock Correlations & Overview
Over the past year, HEGD has moved most closely with OVLH, XUSP, UXOC. Explore the stocks most correlated and inversely correlated with HEGD below, along with its price, financials, and company profile.
Stocks correlated with HEGD
Correlation of daily returns. Higher positive values move with HEGD; negative values move opposite it. Informational only, not investment advice.
Most correlated with HEGD
| Symbol | Company | Correlation |
|---|---|---|
| OVLH | Overlay Shares Hedged Large Cap Equity ETF | 0.95 |
| XUSP | Innovator Uncapped Accelerated U.S. Equity ETF | 0.94 |
| UXOC | FT Vest U.S. Equity Uncapped Accelerator ETF - October | 0.94 |
| OCTU | AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF | 0.94 |
| SEPU | AllianzIM U.S. Equity Buffer15 Uncapped Sep ETF | 0.94 |
Frequently asked questions about HEGD correlations
- Which stocks are most correlated with HEGD?
- Based on one year of daily returns, the stocks most correlated with Swan Hedged Equity US Large Cap ETF (HEGD) are OVLH (0.95), XUSP (0.94) and UXOC (0.94). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with HEGD?
- Over the past year, the stocks most inversely correlated with Swan Hedged Equity US Large Cap ETF (HEGD) are SPXU (-0.93), SPXS (-0.93) and SDS (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these HEGD correlations calculated?
- We compute the correlation of daily returns between HEGD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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