SGI Enhanced Core ETF
$25.58+0.01 (+0.04%)
- 1.05%
- $296M
- +5.2%
- 6.34%
- 0.1M sh
- $25.62
- low $24.81high $26.25
The ETF.net USDX Grade
C
Score 43 out of 100
- 8 of 14
Score 43 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.F9 out of 100Rank 13 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.B65 out of 100Rank 4 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A87 out of 100Rank 1 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 7 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 5 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 4 of 14
Our read on USDX
CMost cash-alternative ETFs just clip short-term yields. USDX parks its money in high-quality short-term money market instruments, then runs a frequently traded put-and-call strategy on the S&P 500 on top. A cash sleeve with an options engine bolted on.
The Fund seeks income through an actively managed combination of higher-yielding, high-quality short-term money-market investments and a frequently traded short-dated put-and-call options strategy. The options strategy seeks income from exposure to the S&P 500 Index or other broad benchmark indices.
Why people hold it
- Two income engines instead of one: short-term money market instruments plus premium from a frequently traded S&P 500 options strategy.
- The collateral sleeve stays conservative (high-quality, short-dated money market instruments); the options book does the reaching.
- Pays monthly, and has gathered several hundred million dollars since its 2024 Nasdaq launch.prnewswire.com
Worth knowing
- At 1.05%, the fee runs well above the roughly 0.20% median in its cash-alternative cohort, where ICSH and JPST sit near 0.08% and 0.18%.
- This is not a money market fund. Selling and buying options tied to the S&P 500 brings equity-market risk that a pure T-bill holder never touches.
- Launched in 2024 and only moderately traded, so there is a short record to judge and spreads can be wider than the cohort's giants.
USDX Holdings
- Stocks
- 15
- 100%
- VUSXX
Geography
- United States100.00%
USDX 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.
USDX$10,519
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 | USDX |
|---|---|
| Year to date | +3.6% |
| 1 month | +0.4% |
| 3 months | +1.1% |
| 1 year | +5.2% |
| 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 | USDX |
|---|---|---|
| 2026 YTD | +3.6% | |
| 2025 | +6.3% | |
| 2024 | +6.9% |
USDX in the news
USDX Dividends
- 6.34%
- $1.62
- $0.06 per share
- Monthly
Distribution history
USDX Risk
- 0.9%
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.
- 2.41
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.
- −0.9%
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.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USDX Cost
1.05%
USDX1.05%
- The middle half of Treasury Option Income funds
- Median 0.65%
11 of the 13 Treasury Option Income funds charge less.
Other funds in Treasury Option Income
- COVTOverlay Shares Short Term Bond ETFExpense ratio 0.79%1 year return +4.4%
- CTLTINEOS Enhanced Income 20+ Year Treasury Bond ETFExpense ratio 0.58%1 year return −7.7%
- CDEFRETF Series Solutions - Aptus Deferred Income ETFExpense ratio 0.79%1 year return −0.5%
- CLQDMAmplify ETF Trust - Amplify LQD Investment Grade 12% Target Income ETFExpense ratio 0.54%1 year return —
- DFIAXNicholas Fixed Income Alternative ETFExpense ratio 0.97%1 year return +2.1%