VegaShares SPX NDX RTY Premium Income ETF
$24.89−0.07 (−0.28%)
- 0.76%
- $3M
- 0M sh
- $25.05
- low $24.67high $27.94
The ETF.net ODTE Grade
D
Score 35 out of 100
- 21 of 24
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 36
- This cap took
- −0
- Published Score
- 35
Cost
The fund’s net expense ratio, ranked against its category.D30 out of 100Rank 15 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 16 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 14 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 12 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F23 out of 100Rank 21 of 24
Our read on ODTE
DOne options overlay, three indexes: ODTE writes covered calls on the S&P 500, Nasdaq-100 and Russell 2000 to pull in premium while holding the underlying exposure underneath. Actively managed, income first, appreciation second.
The Fund primarily seeks current income and secondarily capital appreciation. It is actively managed and uses covered calls on SPX, NDX, and RTY to generate weekly income while retaining longer-term exposure to those indexes.
Why people hold it
- Premium comes off three different benchmarks (S&P 500, Nasdaq-100, Russell 2000), so the income engine isn't wired to a single index's volatility.
- Actively managed: a manager sets the call writing rather than an index formula grinding through a fixed schedule.
- At 0.76%, the fee lands right around what option-income overlay funds typically charge.
- Ordinary 1940 Act fund wrapper, so the options work happens inside a standard ETF, no partnership K-1 to deal with.
Worth knowing
- Covered calls swap upside for premium. When the indexes rip, the written calls limit how much of that move the fund keeps.
- The fund discloses that payouts can include return of capital, meaning part of a distribution may be your own money coming back rather than income earned.
- A 2026 launch that is still small and lightly traded, so spreads can run wider than in the category's household names.
ODTE Holdings
- Stocks
- 5
- 100%
- VOO
Geography
- United States100.00%
ODTE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ODTE$9,644
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 | ODTE |
|---|---|
| Year to date | — |
| 1 month | +0.2% |
| 3 months | −3.6% |
| 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 | ODTE |
|---|---|---|
| 2026 YTD | +6.9% |
ODTE in the news
Category Review
The largest alternatives fund has no one-year record
ODTE Dividends
- $0.07 per share
- Weekly
Distribution data unavailable.
Distribution history
ODTE 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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ODTE Cost
0.76%
ODTE0.76%
- The middle half of Other Index Option Income funds
- Median 0.73%
18 of the 24 Other Index Option Income funds charge less.
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