Equable Shares Hedged Equity ETF
$31.01+0.04 (+0.15%)
- 0.96%
- $464M
- 0M sh
- $31.00
- low $28.15high $31.61
The ETF.net HEDG Grade
C
Score 51 out of 100
- 32 of 52
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F16 out of 100Rank 43 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 27 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 9 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 19 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 28 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 11 of 52
Our read on HEDG
CA hedged-equity mutual fund that changed clothes. HEDG holds S&P 500 exposure through ETFs, sells covered calls, then spends much of that premium on put spreads. Option income here is fuel for the hedge, not the headline payout.
The fund's stated mandate combines seeking income with mitigating risk and pursuing long-term capital appreciation.
Why people hold it
- Two-sided overlay: covered calls generate premium, put spreads put it to work cushioning drawdowns, rather than routing every dollar of premium to distributions.prnewswire.com
- Not a blank-slate launch. It is the EQHEX mutual fund converted tax-free into an ETF in 2025, same team, same strategy, with the prior track record carried into the wrapper.prnewswire.com
- The label matches the contents: US large-cap exposure referenced to the S&P 500, held through ETFs, with the options program layered on top. No style drift to decode.equableshares.com
Worth knowing
- The 0.92% fee sits above the typical S&P 500 options-income fund, and reaching index exposure through other ETFs layers underlying fund costs on top of that.stocktitan.net
- Trades lightly next to category heavyweights like XYLD and SPYI, so spreads can be wider, and cash goes out quarterly rather than monthly.
- Written calls give up part of a strong rally, and premium spent buying puts is premium not paid out, so income runs lighter than pure call-writing peers.prnewswire.com
HEDG Holdings
- Stocks
- 7
- 104%
- IVV
Sectors
- Technology40.4%
- Financials11.2%
- Communication9.9%
- Health Care9.3%
- Consumer Discretionary8.7%
- Industrials7.5%
- Consumer Staples4.3%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
Geography
- United States100.00%
HEDG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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HEDG$10,718
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HEDG |
|---|---|
| Year to date | +7.2% |
| 1 month | +1.0% |
| 3 months | +3.1% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HEDG |
|---|---|---|
| 2026 YTD | +7.2% | |
| 2025 | +3.1% |
HEDG in the news
HEDG Dividends
- $0.15 per share
- Quarterly
Distribution data unavailable.
Distribution history
HEDG Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.26
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HEDG Cost
0.96%
HEDG0.96%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
43 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- COVLHOverlay Shares Hedged Large Cap Equity ETFExpense ratio 0.80%1 year return +11.5%
- CBNDINeos Enhanced Income Aggregate Bond ETFExpense ratio 0.61%1 year return +0.1%
- CSPYTDefiance S&P 500 Target Income ETFExpense ratio 0.92%1 year return +18.4%
- CSPUTInnovator Equity Premium Income – Daily PutWrite ETFExpense ratio 0.79%1 year return +14.2%
- CXDTERoundhill Investments - S&P 500 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +19.9%