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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.0% | ▲ +0.9% | ▲ +3.1% | ▲ +7.3% | ▲ +9.5% | — | — | ▲ +10.7% |
| Peer average | ▼ −0.6% | ▼ −0.9% | ▲ +2.0% | ▲ +6.6% | ▲ +7.8% | ▲ +47.4% | ▲ +58.3% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| IVViShares Core S&P 500 ETF | Reported holding | 76.73% |
| SPYState Street SPDR S&P 500 ETF Trust | Reported holding | 20.31% |
| U.S. Bank Money Market Deposit Account 08/01/2031 | Reported holding | 4.94% |
| OPERClearshares Ultra-Short Maturity ETF | Reported holding | 0.42% |
| Cash & Other | Reported holding | 0.32% |
| SPY US 12/31/26 P730 | Reported holding | 0.31% |
| BNY Dreyfus Government Cash Management 12/31/2031 | Reported holding | 0.00% |
| SPY US 12/31/26 P685 | Reported holding | -0.14% |
| SPY US 12/31/26 C760 | Reported holding | -0.63% |
| IVV 12/31/2026 765 C | Reported holding | -1.05% |
| IVV 12/31/2026 770 C | Reported holding | -1.22% |
The Equable Shares Hedged Equity ETF (HEDG) functions as a fund-of-funds, engineered to provide income and reduce exposure to market downturns through a disciplined covered call option-writing approach. Its portfolio consists of equity holdings linked to the S&P 500 index, which it acquires through investments in other ETFs or via direct stock purchases. The fund sells covered call options against these securities to earn premiums. These premiums offer a degree of protection during market declines, yet they also place a cap on potential upside appreciation. Option positions are generally adjusted or "rolled" every three months. For liquidity management and to accommodate redemptions, the fund is authorized to hold up to 20% of its assets in cash, cash equivalents, various ETFs, or money market instruments. In times of severe market stress, the entire fund can temporarily shift into these highly liquid, short-term assets. Notably, before October 13, 2025, HEDG operated as a mutual fund, known as the Equable Shares Hedged Equity Fund, transitioning to its current ETF structure on that date with an initial asset base of $275.2 million.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-09-24 | 2026-09-25 | $0.15 |
| 2026-06-25 | 2026-06-26 | $0.15 |
| 2026-03-26 | 2026-03-27 | $0.15 |
| 2025-12-16 | 2025-12-17 | $0.40 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind HEDG.