Soundwatch Hedged Equity ETF (SHDG) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHDG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHDG
SHDG charges 0.53% annually. There are 18 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | SHDG vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | SHDG vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | SHDG vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | SHDG vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | SHDG vs CTIF |
Best Risk-Adjusted Alternatives to SHDG
SHDG has a PortfoliosLab risk / return rank of 46. There are 123 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | SHDG vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.22M | Mar 2023 | SHDG vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | SHDG vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | SHDG vs PBAP | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | SHDG vs XMAR |
Top Performing SHDG Alternatives (YTD)
SHDG is at 3.73% YTD. There are 132 ETFs in the Options Trading category with higher YTD returns, going as high as 105.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | SHDG vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 37.86% | 64.41M | May 2024 | SHDG vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 20.54% | 6.72M | Apr 2025 | SHDG vs LITL | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 17.47% | 180.69M | Sep 2023 | SHDG vs QQQY | |
| Defiance R2000 Weekly Distribution ETF | 17.15% | 95.57M | Oct 2023 | SHDG vs IWMY |
Lowest Volatility Alternatives to SHDG
SHDG has 8.08% 1-year volatility. There are 98 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | SHDG vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.22M | Mar 2023 | SHDG vs APRJ | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | SHDG vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | SHDG vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | Mar 2024 | SHDG vs XIMR |
Lowest Drawdown Alternatives to SHDG
SHDG has a 1-year max drawdown of -6.62%. There are 105 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | SHDG vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.22M | Mar 2023 | SHDG vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | SHDG vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | SHDG vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | SHDG vs APRW |
Often Compared With SHDG
Investors most often compare SHDG with SCHD, IVV, IWF. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SHDG with Any Fund or Stock
Compare SHDG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHDG with funds that move differently
Soundwatch Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHDG.
Explore SHDG Diversifiers