ETF overview
The Equable Shares Hedged Equity ETF (HEDG) functions as a fund-of-funds, engineered to provide income and reduce exposure to market downturns through a disciplined covered call option-writing approach. Its portfolio consists of equity holdings linked to the S&P 500 index, which it acquires through investments in other ETFs or via direct stock purchases. The fund sells covered call options against these securities to earn premiums. These premiums offer a degree of protection during market declines, yet they also place a cap on potential upside appreciation. Option positions are generally adjusted or "rolled" every three months. For liquidity management and to accommodate redemptions, the fund is authorized to hold up to 20% of its assets in cash, cash equivalents, various ETFs, or money market instruments. In times of severe market stress, the entire fund can temporarily shift into these highly liquid, short-term assets. Notably, before October 13, 2025, HEDG operated as a mutual fund, known as the Equable Shares Hedged Equity Fund, transitioning to its current ETF structure on that date with an initial asset base of $275.2 million.
Fund facts
- Expense ratio
- 0.96%
- Fund assets
- 465.77M USD (all share classes)
- Issuer
- Equable
- Inception date
- May 31, 2019
- Number of holdings
- 8
Breakdown
Holdings (8)
| Name | Ticker | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 76.70% |
| State Street SPDR S&P 500 ETF Trust | SPY | 20.53% |
| Clearshares Ultra-Short Maturity ETF | OPER | 0.43% |
| SPY US 12/31/26 P730 | 0.41% | |
| SPY US 12/31/26 P685 | -0.21% | |
| SPY US 12/31/26 C760 | -0.67% | |
| IVV 12/31/2026 765 C | -1.03% | |
| IVV 12/31/2026 770 C | -1.18% |
Similar ETFs
- Toews Agility Shares Managed Risk ETFMRSK · Overlap 77% · Expense ratio 0.98%
- Simplify Hedged Equity ETFHEQT · Overlap 77% · Expense ratio 0.53%
- iShares Large Cap Moderate Quarterly Laddered ETFIVVM · Overlap 77% · Expense ratio 0.53%
- Defiance S&P 500 Target Income ETFSPYT · Overlap 77% · Expense ratio 0.92%
- iShares Trust - iShares Large Cap Max Buffer Jun ETFMAXJ · Overlap 77% · Expense ratio 0.53%
- Soundwatch Hedged Equity ETFSHDG · Overlap 77% · Expense ratio 1.01%
- iShares Large Cap Deep Quarterly Laddered ETFIVVB · Overlap 77% · Expense ratio 0.53%
- iShares Large Cap Max Buffer Dec ETFDMAX · Overlap 77% · Expense ratio 0.53%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.96%
- Fund assets
- 465.77M USD (all share classes)
- Issuer
- Equable
- Inception date
- May 31, 2019
- Number of holdings
- 8
| Name | Ticker | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 76.70% |
| State Street SPDR S&P 500 ETF Trust | SPY | 20.53% |
| Clearshares Ultra-Short Maturity ETF | OPER | 0.43% |
| SPY US 12/31/26 P730 | 0.41% | |
| SPY US 12/31/26 P685 | -0.21% | |
| SPY US 12/31/26 C760 | -0.67% | |
| IVV 12/31/2026 765 C | -1.03% | |
| IVV 12/31/2026 770 C | -1.18% |
The Equable Shares Hedged Equity ETF (HEDG) functions as a fund-of-funds, engineered to provide income and reduce exposure to market downturns through a disciplined covered call option-writing approach. Its portfolio consists of equity holdings linked to the S&P 500 index, which it acquires through investments in other ETFs or via direct stock purchases. The fund sells covered call options against these securities to earn premiums. These premiums offer a degree of protection during market declines, yet they also place a cap on potential upside appreciation. Option positions are generally adjusted or "rolled" every three months. For liquidity management and to accommodate redemptions, the fund is authorized to hold up to 20% of its assets in cash, cash equivalents, various ETFs, or money market instruments. In times of severe market stress, the entire fund can temporarily shift into these highly liquid, short-term assets. Notably, before October 13, 2025, HEDG operated as a mutual fund, known as the Equable Shares Hedged Equity Fund, transitioning to its current ETF structure on that date with an initial asset base of $275.2 million.
- Toews Agility Shares Managed Risk ETFMRSK · Overlap 77% · Expense ratio 0.98%
- Simplify Hedged Equity ETFHEQT · Overlap 77% · Expense ratio 0.53%
- iShares Large Cap Moderate Quarterly Laddered ETFIVVM · Overlap 77% · Expense ratio 0.53%
- Defiance S&P 500 Target Income ETFSPYT · Overlap 77% · Expense ratio 0.92%
- iShares Trust - iShares Large Cap Max Buffer Jun ETFMAXJ · Overlap 77% · Expense ratio 0.53%
- Soundwatch Hedged Equity ETFSHDG · Overlap 77% · Expense ratio 1.01%
- iShares Large Cap Deep Quarterly Laddered ETFIVVB · Overlap 77% · Expense ratio 0.53%
- iShares Large Cap Max Buffer Dec ETFDMAX · Overlap 77% · Expense ratio 0.53%
Overlap is the share of assets the two funds hold in common.
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