ZEGA Buy and Hedge ETF (ZHDG)
The ETF aims to provide exposure to the U.S. large capitalization equity market, such as the S&P 500 Index, through a mix of options and fixed income securities including preferred shares, either directly or through ETFs. The fund is non-diversified and utilizes call index options and other options to achieve its investment objectives.
ETF Info
| CUSIP | 886364660 |
|---|---|
| Issuer | ZEGA |
| Inception Date | Jul 6, 2021 |
| Category | Derivative Income |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.zegaetfs.com |
| Asset Class | Multi-Asset |
Expense Ratio
ZHDG has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ZEGA Buy and Hedge ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ZEGA Buy and Hedge ETF had a return of 5.84% year-to-date (YTD) and 16.37% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.84% | 10.00% |
| 1 month | 1.52% | 2.41% |
| 6 months | 9.89% | 16.70% |
| 1 year | 16.37% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of ZHDG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 2.98% | 2.95% | -3.87% | 5.84% | ||||||||
| 2023 | 4.30% | -2.42% | 2.48% | 0.50% | -0.08% | 5.16% | 2.72% | -0.61% | -4.55% | -2.35% | 6.27% | 1.58% | 13.14% |
| 2022 | -5.09% | -2.65% | 1.95% | -7.26% | -0.49% | -8.41% | 6.02% | -3.43% | -5.07% | 4.55% | 2.23% | -5.76% | -22.07% |
| 2021 | 0.47% | 2.06% | -3.40% | 4.33% | -0.60% | 3.60% | 6.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ZHDG is 66, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
ZHDG (ZEGA Buy and Hedge ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ZEGA Buy and Hedge ETF (ZHDG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ZEGA Buy and Hedge ETF granted a 1.44% dividend yield in the last twelve months. The annual payout for that period amounted to $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.57 | $0.28 |
Dividend yield | 1.44% | 1.52% | 3.58% | 1.33% |
Monthly Dividends
The table displays the monthly dividend distributions for ZEGA Buy and Hedge 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2021 | $0.28 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ZEGA Buy and Hedge 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 ZEGA Buy and Hedge ETF was 23.27%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current ZEGA Buy and Hedge ETF drawdown is 7.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.27% | Dec 30, 2021 | 251 | Dec 28, 2022 | — | — | — |
| -4.47% | Sep 7, 2021 | 20 | Oct 4, 2021 | 16 | Oct 26, 2021 | 36 |
| -2.94% | Nov 8, 2021 | 17 | Dec 1, 2021 | 5 | Dec 8, 2021 | 22 |
| -1.94% | Dec 13, 2021 | 6 | Dec 20, 2021 | 3 | Dec 23, 2021 | 9 |
| -1.71% | Jul 15, 2021 | 3 | Jul 19, 2021 | 4 | Jul 23, 2021 | 7 |
Volatility
Volatility Chart
The current ZEGA Buy and Hedge ETF volatility is 2.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.