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Launched · SEC filings

AdvisorShares STAR Global Buy-Write ETF

VEGANYSE ArcaAdvisorSharesD

$51.76−0.31 (−0.60%)

As of Nov 10, 2026, 11:15 AM ET

D38/ 100

Rank 34 of 51 in Active Option Income

D38/100Rank 34 of 51inActive Option Income
Intraday session: down, 19 prints from 52.07 to 51.76. Range 51.76 to 52.07. Use the arrow keys to read each point.51.8051.8551.9051.9552.0010 AM12 PM2 PM4 PM
Expense ratio
1.23%
Fund size
$92M
1Y total return
+7.9%
Yield · Last 12 months
1.27%
Holdings
9
Avg volume · 30D
6.57K sh
52W range
low $47.16high $53.65
Launched
Filings
SEC EDGAR

The ETF.net VEGA Grade

Based on 5 of 6 pillars

D

Score 38 out of 100

Category
Active Option Income⁠
Rank
34 of 51
Six-pillar profile for VEGA. Scores out of 100: Cost 10, Risk 65, Mission not scored, Tradability 65, Holdings 28, Durability 74. Strongest: Durability (74). Weakest: Cost (10). Based on 5 of 6 pillars.

Score 38 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 46 of 51

  • 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.
    B65 out of 100
    Rank 16 of 49

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 14 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 38 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 10 of 51

Our read on VEGA

ETF.net Research

In short

DThe options-income aisle's odd duck: a 2012-vintage global fund-of-funds that allocates across ETFs worldwide, then writes options on top to chase upside and soften the ride. Two active decisions in one ticker.

Stated mandate

The Fund seeks consistent, repeatable returns across market cycles through an actively managed global fund-of-funds approach. It allocates among ETPs and sometimes individual securities while using options to pursue appreciation and reduce portfolio volatility.

Why people hold it

  • A fund-of-funds with an options overlay: the manager sets the global ETP mix and the options written on top, all inside one ticker.advisorshares.com
  • Live since 2012, so its record spans several full market cycles.
  • Global by mandate and measured against the MSCI All Country World Index, so the yardstick is world stocks, not the S&P 500.
  • Options do double duty here: pursuing appreciation and reducing portfolio volatility, rather than maximizing a headline payout.

Worth knowing

  • The 1.25% expense ratio sits above the 0.95% cohort median, and peers like PAPI (0.29%) and DIVO (0.56%) charge a fraction of it.
  • Thinly traded, so spreads and order timing matter more here than in the category's household names.
  • Distributions are paid at least annually, not monthly, so the design leans on total return over a steady income drip.advisorshares.com

VEGA Performance

Launched Sep 17, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VEGA$10,789
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. VEGA $10,789. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – 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 VEGA. Periods over one year show the average yearly return.
PeriodVEGA
Year to date+6.0%
1 month−1.7%
3 months−2.3%
1 year+7.9%
3 yearsper year+14.1%
5 yearsper year+5.8%
10 yearsper year+7.6%

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 VEGA
YearReturn barVEGA
2026 YTD+6.0%
2025+15.8%
2024+11.2%
2023+15.1%
2022−15.0%
2021+12.3%
2020+8.4%

VEGA in the news

VEGA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
1.27%Last 12 months
Payout per share
$0.66Last 12 months
Last payment
$0.66 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 27, 2018 $0.13; Dec 27, 2019 $0.15; Dec 24, 2020 $0.11; Dec 23, 2021 $0.23; Dec 23, 2022 $0.65; Dec 26, 2023 $0.44; Dec 23, 2024 $0.45; Dec 22, 2025 $0.66. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.66
Dec 23, 2024Dec 30, 2024$0.45
Dec 26, 2023Dec 29, 2023$0.44
Dec 23, 2022Dec 30, 2022$0.65
Dec 23, 2021Dec 31, 2021$0.23
Dec 24, 2020Dec 31, 2020$0.11
Dec 27, 2019Dec 31, 2019$0.15
Dec 27, 2018Dec 31, 2018$0.13
Dec 28, 2016Jan 4, 2017$0.22
Dec 27, 2012Jan 3, 2013$0.20

$10,000 in VEGA 10 years ago paid $1,123 in dividends.

VEGA Risk

Risk pillarB65 out of 100Rank 16 of 49 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
8.4%
Annualised · 36 months to Oct 2026
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.
1.21
vs 3-month T-bills · to Oct 2026
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.
−22.7%
Trough Oct 2022
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.
0.71
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.

VEGA Cost

Compare VEGA and RECI

Overpaying vs RECI, cheapest in Active Option Income

$16,162

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

  • VEGA 1.23%

    $22,311

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • VEGA 1.23%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530VEGA $22,311RECI $6,149

Year by year

YearVEGARECIOverpaying
10$2,148$545$1,603
20$7,989$2,113$5,876
30$22,311$6,149$16,162

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