SGI Enhanced Core ETF
$25.61+0.04 (+0.16%)
- Expense ratio
- 1.05%
- Fund size
- $303M
- 1Y return
- +5.5%
- Yield · Last 12 months
- 6.50%
- Volume · 30D
- 0M sh
- NAV per share
- $25.61
- 52W range
The ETF.net USDX Grade
Score 46 of 100 sits in the C 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 9Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 71Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 85Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
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
- —
- 100%
- VMFXX
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.
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 | USDX |
|---|---|
| Year to date | +3.3% |
| 1 month | +0.4% |
| 3 months | +0.8% |
| 1 year | +5.5% |
| 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 | +3.3% | |
| 2025 | +6.3% | |
| 2024 | +7.0% |
USDX in the news
ETF.net Research hasn’t filed on USDX yet — coverage lands here as it’s written.
USDX Dividends
- 6.50%
- $1.66
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.06 |
| Jul 28, 2026 | Jul 29, 2026 | $0.05 |
| Jun 29, 2026 | Jun 30, 2026 | $0.35 |
| May 28, 2026 | May 29, 2026 | $0.09 |
| Apr 28, 2026 | Apr 29, 2026 | $0.09 |
| Mar 30, 2026 | Mar 31, 2026 | $0.08 |
| Feb 26, 2026 | Feb 27, 2026 | $0.08 |
| Jan 29, 2026 | Jan 30, 2026 | $0.09 |
| Dec 23, 2025 | Dec 24, 2025 | $0.43 |
| Nov 26, 2025 | Nov 28, 2025 | $0.12 |
| Oct 29, 2025 | Oct 30, 2025 | $0.12 |
| Sep 26, 2025 | Sep 29, 2025 | $0.10 |
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.
- 2.29
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.
- 0.07
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
- The middle half of Treasury Option Income funds
- Median 0.65%
11 of the 13 Treasury Option Income funds charge less.