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
886364660
Jul 6, 2021
1x
No Index (Active)
Distributing
Expense Ratio
ZHDG has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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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 2.91% year-to-date (YTD) and 19.92% in the last 12 months.
ZHDG
2.91%
1.46%
8.14%
19.92%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.67% | 2.91% | |||||||||||
| 2024 | 0.85% | 2.98% | 2.95% | -3.87% | 3.90% | 3.73% | 1.02% | 1.77% | 2.03% | -0.77% | 5.16% | -2.67% | 18.02% |
| 2023 | 4.30% | -2.42% | 2.48% | 0.50% | -0.08% | 5.16% | 2.72% | -0.61% | -4.55% | -2.35% | 6.27% | 1.59% | 13.14% |
| 2022 | -5.09% | -2.65% | 1.95% | -7.27% | -0.49% | -8.41% | 6.02% | -3.43% | -5.07% | 4.55% | 2.23% | -5.76% | -22.06% |
| 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 73, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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 provided a 2.52% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.53 | $0.53 | $0.27 | $0.57 | $0.28 |
Dividend yield | 2.52% | 2.59% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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. Recovery took 387 trading sessions.
The current ZEGA Buy and Hedge ETF drawdown is 0.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.27% | Dec 30, 2021 | 251 | Dec 28, 2022 | 387 | Jul 16, 2024 | 638 |
| -6.83% | Jul 17, 2024 | 15 | Aug 6, 2024 | 31 | Sep 19, 2024 | 46 |
| -4.56% | Dec 9, 2024 | 23 | Jan 13, 2025 | — | — | — |
| -4.47% | Sep 7, 2021 | 20 | Oct 4, 2021 | 15 | Oct 25, 2021 | 35 |
| -2.94% | Nov 22, 2021 | 7 | Dec 1, 2021 | 5 | Dec 8, 2021 | 12 |
Volatility
Volatility Chart
The current ZEGA Buy and Hedge ETF volatility is 2.71%, 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.