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Launched

VegaShares SPX NDX RTY Premium Income ETF

ODTENasdaqVegasharesD

$23.40−0.21 (−0.89%)

As of Nov 10, 2026, 11:10 AM ET

D36/ 100

Rank 21 of 24 in Other Index Option Income

D36/100Rank 21 of 24inOther Index Option Income
Intraday session: down, 21 prints from 23.61 to 23.40. Range 23.40 to 23.59. Use the arrow keys to read each point.23.4523.5023.5510 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$2M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
5.35K sh
52W range
low $22.92high $27.94
Launched

The ETF.net ODTE Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Other Index Option Income⁠
Rank
21 of 24
Six-pillar profile for ODTE. Scores out of 100: Cost 37, Risk 33, Mission not scored, Tradability 47, Holdings 33, Durability 23. Strongest: Tradability (47). Weakest: Durability (23). Based on 5 of 6 pillars.

Score 36 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
37
This cap took
0
Published Score
36 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 14 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D33 out of 100
    Rank 17 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 12 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 12 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F23 out of 100
    Rank 21 of 24

Our read on ODTE

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Apr 2, 2026

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$9,379
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. ODTE $9,379. SPY $9,758. Use the arrow keys to read each point.$9,250$9,500$9,750$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 ODTE. Periods over one year show the average yearly return.
PeriodODTE
Year to dateFund launched this yearNo data
1 month−4.8%
3 months−6.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 ODTE
YearReturn barODTE
2026 YTD+2.2%

Since listing, Apr 2, 2026

ODTE in the news

ODTE Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 30 payments in 2026 YTD. Apr 16, 2026 $0.07; Apr 23, 2026 $0.07; Apr 30, 2026 $0.07; May 7, 2026 $0.07; May 14, 2026 $0.08; May 21, 2026 $0.07; May 28, 2026 $0.07; Jun 4, 2026 $0.07; Jun 11, 2026 $0.07; Jun 18, 2026 $0.07; Jun 25, 2026 $0.07; Jul 2, 2026 $0.07; Jul 9, 2026 $0.07; Jul 16, 2026 $0.07; Jul 23, 2026 $0.08; Jul 30, 2026 $0.07; Aug 6, 2026 $0.08; Aug 13, 2026 $0.08; Aug 20, 2026 $0.07; Aug 27, 2026 $0.07; Sep 3, 2026 $0.07; Sep 10, 2026 $0.07; Sep 17, 2026 $0.07; Sep 24, 2026 $0.07; Oct 1, 2026 $0.07; Oct 8, 2026 $0.07; Oct 15, 2026 $0.07; Oct 22, 2026 $0.07; Oct 29, 2026 $0.07; Nov 5, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 5, 2026Nov 6, 2026$0.06
Oct 29, 2026Oct 30, 2026$0.07
Oct 22, 2026Oct 23, 2026$0.07
Oct 15, 2026Oct 16, 2026$0.07
Oct 8, 2026Oct 9, 2026$0.07
Oct 1, 2026Oct 2, 2026$0.07
Sep 24, 2026Sep 25, 2026$0.07
Sep 17, 2026Sep 18, 2026$0.07
Sep 10, 2026Sep 11, 2026$0.07
Sep 3, 2026Sep 4, 2026$0.07
Aug 27, 2026Aug 28, 2026$0.07
Aug 20, 2026Aug 21, 2026$0.07

See all 30 payments⁠

ODTE Risk

Risk pillarD33 out of 100Rank 17 of 24 in Other Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 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 Apr 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 Apr 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.
0.97
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.

FMP measures it over up to five years of monthly returns.

ODTE Cost

Compare ODTE and EDGX

Overpaying vs EDGX, cheapest in Other Index Option Income

$14,656

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ODTE 0.76%

    $14,656

  • EDGX 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • ODTE 0.76%
  • EDGX 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ODTE $14,656EDGX $0

Year by year

YearODTEEDGXOverpaying
10$1,353$0$1,353
20$5,142$0$5,142
30$14,656$0$14,656

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