- Issuer
- Equable Shares
- Inception Date
- May 31, 2019
- Region
- North America (U.S.)
- Category
- Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- Actively Managed
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $301M
Share Price Chart
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Performance
HEDG Performance Chart
Equable Shares Hedged Equity ETF (HEDG) is up 3.0% since the beginning of the year. HEDG is currently trading at $30 per share.
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Returns By Period
Equable Shares Hedged Equity ETF
- 1D
- -0.07%
- 1M
- 0.40%
- YTD
- 2.98%
- 6M
- 3.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HEDG Monthly Returns History
Based on dividend-adjusted daily data since Oct 13, 2025, HEDG's average daily return is +0.04%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 89% of months were positive and 11% were negative. The best month was Apr 2026 with a return of +2.6%, while the worst month was Mar 2026 at -2.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 1 months.
On a daily basis, HEDG closed higher 54% of trading days. The best single day was Mar 31, 2026 with a return of +1.7%, while the worst single day was Mar 27, 2026 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | 0.54% | -2.00% | 2.61% | 0.70% | 0.39% | 2.98% | ||||||
| 2025 | 1.04% | 0.88% | 1.24% | 3.20% |
Benchmark Metrics
Equable Shares Hedged Equity ETF has an annualized alpha of 2.19%, beta of 0.34, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since October 13, 2025.
- This ETF captured 23.82% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.13%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 2.19% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.34 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.19%
- Beta
- 0.34
- R²
- 0.62
- Upside Capture
- 23.82%
- Downside Capture
- -2.13%
Expense Ratio
HEDG has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEDG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Equable Shares Hedged Equity ETF provided a 1.83% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.55 | $0.40 |
Dividend yield | 1.83% | 1.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Equable Shares Hedged Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.15 | ||||||
| 2025 | $0.40 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Equable Shares Hedged Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Equable Shares Hedged Equity ETF was 3.85%, occurring on Mar 30, 2026. Recovery took 13 trading sessions.
The current Equable Shares Hedged Equity ETF drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -3.85%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2025 pullback2025 | -1.64%Nov 2025 | 8d | 5d | 13dNov 2025 - Nov 2025 |
2026 pullback2026 | -1.15%Feb 2026 | 2d | 19d | 21dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.81%Jan 2026 | 7d | 6d | 13dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.76%Jun 2026 | 2d | — | 14d 21hJun 2026 - now |
Drawdown Indicators
| HEDG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -56.78% | +52.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.80% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -10.71% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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