VegaShares SPX NDX RTY Premium Income ETF
$25.11−0.26 (−1.02%)
- Expense ratio
- 0.76%
- Fund size
- $3M
- 1Y return
- —
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $25.26
- 52W range
The ETF.net ODTE Grade
Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 30Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 13Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 39Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 24Category rank
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
- —
- 100%
- QQQM
Geography
ODTE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | ODTE |
|---|---|
| Year to date | — |
| 1 month | −0.3% |
| 3 months | −3.5% |
| 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 | +7.8% |
ODTE in the news
ETF.net Research hasn’t filed on ODTE yet — coverage lands here as it’s written.
ODTE Dividends
- $0.07 per share
- Weekly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.07 |
| Sep 10, 2026 | Sep 11, 2026 | $0.07 |
| Sep 3, 2026 | Sep 4, 2026 | $0.07 |
| Aug 27, 2026 | Aug 28, 2026 | $0.07 |
| Aug 20, 2026 | Aug 21, 2026 | $0.07 |
| Aug 13, 2026 | Aug 14, 2026 | $0.08 |
| Aug 6, 2026 | Aug 7, 2026 | $0.08 |
| Jul 30, 2026 | Jul 31, 2026 | $0.07 |
| Jul 23, 2026 | Jul 24, 2026 | $0.08 |
| Jul 16, 2026 | Jul 17, 2026 | $0.07 |
| Jul 9, 2026 | Jul 10, 2026 | $0.07 |
| Jul 2, 2026 | Jul 6, 2026 | $0.07 |
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.
- 0.99
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
- The middle half of Other Index Option Income funds
- Median 0.74%
17 of the 23 Other Index Option Income funds charge less.