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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Soundwatch Hedged Equity ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Soundwatch Hedged Equity ETF (SHDG) has returned -4.91% so far this year and 10.92% over the past 12 months.
Soundwatch Hedged Equity ETF
- 1D
- 0.19%
- 1M
- -5.49%
- YTD
- -4.91%
- 6M
- -2.56%
- 1Y
- 10.92%
- 3Y*
- 11.83%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 24, 2022, SHDG's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, your investment would double in approximately 5.5 years.
Historically, 69% of months were positive and 31% 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% | -4.91% | |||||||||
| 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 1.24%, beta of 0.70, and R² of 0.94 versus S&P 500 Index. Calculated based on daily prices since October 25, 2022.
- This ETF participated in 80.32% of S&P 500 Index downside but only 74.68% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.70 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
- 1.24%
- Beta
- 0.70
- R²
- 0.94
- Upside Capture
- 74.68%
- Downside Capture
- 80.32%
Expense Ratio
SHDG has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHDG ranks 48 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 a chosen benchmark (S&P 500 Index).
| SHDG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.90 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.39 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.40 | -0.21 |
Martin ratioReturn relative to average drawdown | 5.73 | 6.61 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SHDG risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Soundwatch Hedged Equity ETF provided a 0.52% 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 | 0.52% | 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 | |||||||||
| 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 6.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.82% | Feb 20, 2025 | 34 | Apr 8, 2025 | 71 | Jul 22, 2025 | 105 |
| -8.69% | Aug 1, 2023 | 63 | Oct 27, 2023 | 31 | Dec 12, 2023 | 94 |
| -6.62% | Feb 3, 2026 | 39 | Mar 30, 2026 | — | — | — |
| -6.49% | Jul 17, 2024 | 14 | Aug 5, 2024 | 19 | Aug 30, 2024 | 33 |
| -4.63% | Feb 16, 2023 | 16 | Mar 10, 2023 | 15 | Mar 31, 2023 | 31 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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