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VEGA vs YLDE

AdvisorShares STAR Global Buy-Write ETF

VEGADNYSE Arca

Franklin ClearBridge Enhanced Income ETF

YLDEANasdaq

Overlap

Expense ratio

YLDE −0.75pt a year

VEGA1.23%YLDE0.48%

Avg volume · 30D

YLDE 2.0×the volume

VEGA6.57KYLDE13.3K

5Y return · a year

YLDE +4.1pt

VEGA+5.8%YLDE+9.9%

VEGA vs YLDE Performance

Nov 9, 2021 – Nov 9, 2026

+32.4%VEGA+60.2%YLDE

Nov 9, 2021 to Nov 9, 2026. VEGA +32.4%. YLDE +60.2%. Use the arrow keys to read each point.−20%0%20%Nov 2021May 2024Nov 2026
Expense ratio
VEGA 1.23%
YLDE 0.48%, better
Fund size
VEGA $92M
YLDE $177M
1Y total return
VEGA +7.9%
YLDE +16.5%, better
Yield (12M)
VEGA 1.27%
YLDE 7.27%, better
Holdings
VEGA 9
YLDE 50
Avg volume (30D)
VEGA 6.57K sh
YLDE 13.3K sh, better
NAV per share
VEGA $51.21
YLDE $56.30
52W range

ETF.net Grade

VEGA: Cost 10, Risk 65, Mission not scored, Tradability 65, Holdings 28, Durability 74. YLDE: Cost 86, Risk 71, Mission not scored, Tradability 80, Holdings 82, Durability 90.
Pillar letters and Scores for VEGA, YLDE, with each pillar’s weight
PillarVEGAYLDE
Cost30% weightF10A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightB65A71Higher
Tradability15% weightB65A80Higher
Holdings10% weightD28A82Higher
Durability5% weightA74A90Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. VEGA and YLDE are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

YLDE ranks 1st and VEGA 33rd of 50 funds in the Active Option Income Category.

  1. Rank 1ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 81
  2. Rank 1AYLDEFranklin ClearBridge Enhanced Income ETFScore 81
  3. Rank 3ARECIColumbia Research Enhanced Core Premium Income ETScore 80
  4. Rank 33DFIZYFitz-Gerald Must Have Portfolio® and Options Overlay ETFScore 38
  5. Rank 33DVEGAAdvisorShares STAR Global Buy-Write ETFScore 38
  6. Rank 35DBIGYYieldMax Target 12 Big 50 Option Income ETFScore 37

Our read on each fund

ETF.net Research

VEGADAdvisorShares STAR Global Buy-Write ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

VEGA The 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.

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

VEGA 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.

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

  • VEGA 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.
  • YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
  • 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
  • Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
  • Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

  • VEGA 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
  • YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
  • Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
  • A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full VEGA profile⁠

Full YLDE profile⁠

VEGA vs YLDE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

VEGA vs YLDE Cost

Overpaying VEGA vs YLDE

$12,706

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

  • VEGA 1.23%

    $22,311

  • YLDE 0.48%

    $9,605

$10,000
30 years

Cost over time

  • VEGA 1.23%
  • YLDE 0.48%
  • 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 $22,311YLDE $9,605

Year by year

YearVEGAYLDEOverpaying
10$2,148$865$1,283
20$7,989$3,328$4,661
30$22,311$9,605$12,706

Expense ratio

  • 1.23%VEGA
  • 0.48%YLDE, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

YLDE 8th cheapest of 50 funds

VEGA 45th cheapest of 50 funds

VEGA vs YLDE Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
VEGA 1.27%
YLDE 7.27%, better
Payout (12M)
VEGA $0.66
YLDE $4.17
Last payment
VEGA $0.66
YLDE $0.30
Ex-dividend
VEGA Dec 22, 2025
YLDE Nov 2, 2026
Paid on
VEGA Dec 29, 2025
YLDE Nov 5, 2026
Frequency
VEGA Annual
YLDE Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

VEGAAnnual · 3 paymentsAll VEGA payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.44; Dec 23, 2024 $0.45; Dec 22, 2025 $0.66. Use the arrow keys to read each point.$0$0.5020232026YTD
YLDEMonthly · 29 paymentsAll YLDE payments⁠
One bar per payment. 29 payments from 2023 to 2026 YTD. Mar 28, 2023 $0.16; Jun 27, 2023 $0.22; Sep 26, 2023 $0.20; Dec 26, 2023 $0.15; Mar 25, 2024 $0.17; Jun 25, 2024 $0.20; Sep 25, 2024 $0.20; Dec 26, 2024 $0.29; Mar 3, 2025 $0.08; Apr 1, 2025 $0.08; May 1, 2025 $0.28; Jun 2, 2025 $0.26; Jul 1, 2025 $0.52; Aug 1, 2025 $0.26; Sep 2, 2025 $0.25; Oct 1, 2025 $0.27; Nov 3, 2025 $0.28; Dec 1, 2025 $0.27; Dec 26, 2025 $0.53; Feb 2, 2026 $0.27; Mar 2, 2026 $0.28; Apr 1, 2026 $0.30; May 1, 2026 $0.31; Jun 1, 2026 $0.31; Jul 1, 2026 $0.32; Aug 3, 2026 $0.64; Sep 1, 2026 $0.32; Oct 1, 2026 $0.31; Nov 2, 2026 $0.30. Use the arrow keys to read each point.$0$0.5020232026YTD

VEGA vs YLDE Risk

Fall from peak · 5 years

  • VEGA
  • YLDE
Nov 9, 2021 to Nov 9, 2026. Worst fall: VEGA −22.7% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
VEGA 8.4%, betterYLDE 10.3%
Return per unit of riskSharpe ratio, 3 years
VEGA 1.21YLDE 1.24, better
Worst fallMax drawdown, 5 years
VEGA −22.7%YLDE −20.2%, better
Market sensitivityBeta, 5 years
VEGA 0.71YLDE 0.60

VEGA and YLDE in the news

All news⁠

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