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HRSK

GradeDNew York Stock Exchange Arca

Toews Agility Shares Hedged Risk ETF

Option Income · Toews · Inception 2026-06-15

$25.34−0.14 (−0.57%)

As of Sep 23, 2026, 2:56 PM EDT

History starts Jun 15, 2026.History starts Jun 15, 2026.History starts Jun 15, 2026.
Intraday session: down, 5 prints from 25.48 to 25.34. Range 25.30 to 25.50. Use the arrow keys to read each point.$25.30$25.40$25.45$25.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$35M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$25.52
52W range
low $24.06high $27.31

The ETF.net HRSK Grade

D

33/ 100

Rank 49 of 52 in S&P 500 Option Income⁠

Confidence Medium

Six-pillar profile for HRSK. Scores out of 100: Cost 15, Risk 55, Mission not scored, Tradability 41, Holdings 47, Durability 27. Strongest: Risk (55). Weakest: Cost (15). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 15
    Category rank45/52 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank23/52 · top 44%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank33/52 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 47
    Category rank26/41 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank49/52 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HRSK

ETF.net Research

DMost S&P 500 options funds sell away upside for premium. HRSK buys protection instead: long-dated puts on its large-cap sleeve, shorter-dated calls to help pay for them, and no stated cap on gains.

Stated mandate

The Fund seeks large-cap U.S. equity exposure while limiting adverse market risk through long-dated put options and using shorter-dated call options as part of its strategy.

Why people hold it

  1. 01The contrarian build in a crowd of premium sellers: it holds large-cap US equity, buys long-dated put options to limit downside, and writes shorter-dated calls as part of the strategy.prnewswire.com
  2. 02No stated performance cap, so the equity side isn't structurally boxed in on the upside the way covered-call and buffer payoffs are.prnewswire.com
  3. 03Launched in 2026 via a Section 351 exchange, which let eligible investors move appreciated holdings in tax deferred and keep their original cost basis.prnewswire.com
  4. 04Toews has run managed-risk strategies since 1994, so the hedging playbook here is older than the ETF wrapper around it.prnewswire.com

Worth knowing

  1. 01At 0.95% a year it runs above the 0.60% median for S&P 500 options funds, and rivals like IVVW (0.25%) and GPIX (0.35%) charge a fraction of it.
  2. 02Small asset base and light trading, so bid-ask spreads can run wider than the category heavyweights'.
  3. 03Protection isn't free: put premiums come out of returns in calm markets, and the 2026 launch leaves a short record of how the overlay acts in a deep selloff.

HRSK Holdings

As of Sep 21, 2026, 4:16 AM
Asset class
Stocks
Holdings
—
Top-10 weight
57%
Largest holding
IVV20.9%

Geography

  • United States98.71%
  • Singapore0.80%
  • Ireland0.49%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVISHARES-C S&P50020.92%9,400$7M54
002XLKSS TECH SEL SECT6.46%11,700$2M33
003AVGOBROADCOM INC4.37%4,198$2M732
004XLVSS HEALTH CARE4.21%8,600$1M28
005—S&P500 EMINI OPTN SEP27P4.14%86$1M1
006AAPLAPPLE INC3.89%3,973$1M707
007XLFSS FINANCIAL SEL3.51%21,600$1M25
008XLISS INDUSTRIAL3.21%6,500$1M25
009XLCSS COMM SLCT ETF3.10%9,600$1M27
010MSFTMICROSOFT CORP2.98%2,077$1M792
011XLYSS CONSUMER DISC2.81%8,700$966K20
012ILCGISHARES MORNINGS2.13%6,355$732K1
013JPMJPMORGAN CHASE1.83%1,799$629K478
014NVDANVIDIA CORP1.55%2,391$531K828
015MGKVNG MS MC ETF-UI1.35%5,121$465K9

Showing 1–15 of 121 holdings

HRSK Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

HRSK$10,069
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. HRSK $10,069. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for HRSK. Periods over one year show the average yearly return.
PeriodHRSK
Year to dateFund launched this year—
1 month−0.1%
3 months+0.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HRSK
YearReturn barHRSK
2026 YTD+0.1%

Since listing, Jun 15, 2026

HRSK in the news

ETF.net Research hasn’t filed on HRSK yet — coverage lands here as it’s written.

HRSK Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

HRSK Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HRSK Cost

Expense ratio0.95%
  • The middle half of S&P 500 Option Income funds
  • Median 0.60%

41 of the 51 S&P 500 Option Income funds charge less.

HRSK costs $95.00 a year on $10,000. The median S&P 500 Option Income fund costs $60.00.