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IWL vs HECO
iShares Russell Top 200 ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF
Key differences
IWL is an equity ETF, while HECO is an alternative ETF. IWL charges 0.15% a year and HECO 0.90%.
- IWL is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
- IWL follows a index tracking strategy; HECO uses option income.
- IWL costs 0.75% less per year.
- IWL is much larger than HECO. Larger funds are usually more liquid and less likely to close.
- IWL has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| IWL | HECO | |
|---|---|---|
| Annual cost (TER) | 0.15% | 0.90% |
| Fund size (AUM) | $2.2B | $116M |
| Since | 2009 | 2024 |
| Dividend yield | 0.82% | 0.00% |
| Asset class | equity | alternative |
| Region | north america | north america |
| Strategy | index tracking | option income |
| CAGR 1Y | +25.4% | +117.9% |
| CAGR 3Y | +23.4% | N/A |
| CAGR 5Y | +14.2% | N/A |
| Sharpe 3Y | 1.22 | N/A |
| Volatility 1Y | 12.52% | 37.71% |
| Max drawdown | -32.71% | -43.74% |
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