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HEDG vs GBDC: Dividend Comparison 2026

HEDG yields 1.90% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.83M in total portfolio value
10 years
HEDG
HEDG
● Live price
1.90%
Share price
$28.98
Annual div
$0.55
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$22.5K
Annual income
$214.85
Full HEDG calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — HEDG vs GBDC

📍 GBDC pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodHEDGGBDC
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, HEDG + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
HEDG pays
GBDC pays
Both pay
Neither
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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

HEDG
Annual income on $10K today (after 15% tax)
$161.50/yr
After 10yr DRIP, annual income (after tax)
$182.62/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, GBDC beats the other by $13,982,941.13/year in after-tax income after 10 years on $10,000
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Lazy Portfolio Split Optimizer

What's the optimal mix of HEDG + GBDC for your $10,000?

HEDG: 50%GBDC: 50%
100% GBDC50/50100% HEDG
Portfolio after 10yr
$10.44M
Annual income
$8,225,474.34/yr
Blended yield
78.82%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

HEDG
No analyst data
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% upside vs current
Range: $13.00 — $15.00
Altman Z
0.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

HEDG buys
0
GBDC buys
0
No recent congressional trades found for HEDG or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricHEDGGBDC
Forward yield1.90%11.86%
Annual dividend / share$0.55$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$22.5K$20.85M
Annual income after 10y$214.85$16,450,733.83
Total dividends collected$2.0K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

Year-by-year: HEDG vs GBDC ($10,000, DRIP)

YearHEDG PortfolioHEDG Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,890$190.00$12,492$1,791.70$1.6KGBDC
2$11,846$193.37$16,527$3,160.58$4.7KGBDC
3$12,871$196.58$23,588$5,904.90$10.7KGBDC
4$13,972$199.63$37,141$11,901.65$23.2KGBDC
5$15,153$202.52$66,205$26,463.38$51.1KGBDC
6$16,419$205.27$137,452$66,612.65$121.0KGBDC
7$17,776$207.86$342,372$195,298.53$324.6KGBDC
8$19,230$210.32$1,053,292$686,954.33$1.03MGBDC
9$20,789$212.65$4,111,439$2,984,416.95$4.09MGBDC
10$22,459$214.85$20,849,974$16,450,733.83$20.83MGBDC

HEDG vs GBDC: Complete Analysis 2026

HEDGStock

HEDG is a fund-of-funds, aiming to generate income and mitigate downside risk through a covered call option-writing strategy. The fund invests in equity securities based on the S&P 500 index, using either ETFs or direct stock purchases. It writes covered call options on these securities to earn premiums, which provide partial downside protection while limiting potential gains. Options positions are typically rolled quarterly. To maintain liquidity or meet redemptions, the fund may hold cash, cash equivalents, ETFs, or money-market funds, capped at 20%. Additionally, assets may fully shift to the same short-term instrumetns in response to adverse market conditions. Prior to October 13, 2025, HEDG was a mutual fund called Equable Shares Hedged Equity Fund before converting to an ETF structure, starting with $275.2 million in assets.

Full HEDG Calculator →

GBDCBDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.