- ISIN
- US89832P1509
- Issuer
- SoundWatch Capital
- Inception Date
- Nov 30, 2016
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $168M
Share Price Chart
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Performance
SHDG Performance Chart
Soundwatch Hedged Equity ETF (SHDG) is up 1.2% since the beginning of the year. SHDG is currently trading at $33 per share.
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Returns By Period
Soundwatch Hedged Equity ETF (SHDG) has returned 1.16% so far this year and 12.02% over the past 12 months.
Soundwatch Hedged Equity ETF
- 1D
- 0.02%
- 1M
- 0.58%
- YTD
- 1.16%
- 6M
- 0.76%
- 1Y
- 12.02%
- 3Y*
- 12.13%
- 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%
SHDG Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2022, SHDG's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2023 with a return of +7.0%, while the worst month was Mar 2025 at -5.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SHDG closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Apr 4, 2025 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.19% | -0.57% | -5.49% | 4.71% | 1.06% | 0.53% | 1.16% | ||||||
| 2025 | 2.33% | -1.00% | -5.67% | -0.40% | 4.51% | 2.64% | 2.18% | 1.79% | 2.44% | 1.58% | 0.52% | 0.36% | 11.46% |
| 2024 | 1.45% | 4.22% | 1.82% | -3.12% | 3.71% | 3.49% | 1.03% | 2.09% | 2.00% | -0.52% | 4.60% | -2.35% | 19.66% |
| 2023 | 4.06% | -1.03% | 3.77% | 1.09% | 0.51% | 5.28% | 2.27% | -1.08% | -5.05% | -1.55% | 7.04% | 1.80% | 17.84% |
| 2022 | 1.56% | 3.82% | -2.74% | 2.55% |
Benchmark Metrics
Soundwatch Hedged Equity ETF has an annualized alpha of 0.49%, beta of 0.67, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since October 24, 2022.
- This ETF participated in 76.61% of S&P 500 Index downside but only 67.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 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
- 0.49%
- Beta
- 0.67
- R²
- 0.91
- Upside Capture
- 67.35%
- Downside Capture
- 76.61%
Expense Ratio
SHDG has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHDG ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Soundwatch Hedged Equity ETF (SHDG) 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.
| SHDG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.78 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.74 | 12.44 | -5.70 |
Dividends
Dividend History
Soundwatch Hedged Equity ETF provided a 0.49% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.18 | $0.30 | $0.19 |
Dividend yield | 0.49% | 0.49% | 0.62% | 1.24% | 0.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Soundwatch 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.19 | $0.19 |
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 Soundwatch 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 Soundwatch Hedged Equity ETF was 15.82%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.
The current Soundwatch Hedged Equity ETF drawdown is 0.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.82%Apr 2025 | 1mo 17d | 3mo 15d | 5mo 2dFeb 2025 - Jul 2025 |
2023 pullback2023 | -8.69%Oct 2023 | 2mo 27d | 1mo 16d | 4mo 13dAug 2023 - Dec 2023 |
2026 pullback2026 | -6.62%Mar 2026 | 1mo 25d | — | 4mo 20dFeb 2026 - now |
2024 pullback2024 | -6.49%Aug 2024 | 19d | 25d | 1mo 14dJul 2024 - Aug 2024 |
2023 pullback2023 | -4.63%Mar 2023 | 22d | 21d | 1mo 13dFeb 2023 - Mar 2023 |
Drawdown Indicators
| SHDG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -56.78% | +40.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -9.10% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -18.90% | +3.08% |
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 | -0.48% | -1.80% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.71% | +8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.03% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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