TRIO vs. HEDG

Last updated Aug 1, 2026

TRIO (MC Trio Equity Buffered ETF) and HEDG (Equable Shares Hedged Equity ETF) are both Equity Hedged funds. TRIO is actively managed, while HEDG is passively managed. Their correlation of 0.83 means they have usually moved in the same direction. TRIO charges 0.70%/yr vs 0.96%/yr for HEDG.

Performance

TRIO vs. HEDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MC Trio Equity Buffered ETF (TRIO) and Equable Shares Hedged Equity ETF (HEDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRIO achieves a 6.52% return, which is significantly higher than HEDG's 4.12% return.

TRIO

• 1D: 0.35%
• 1M: 0.57%
• 6M: 5.35%
• YTD: 6.52%
• 1Y: 13.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.20%

HEDG

• 1D: 0.33%
• 1M: 0.80%
• 6M: 3.33%
• YTD: 4.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEDG Equable Shares Hedged Equity ETF	$1.17M	$841.57K	$1.20M
TRIO MC Trio Equity Buffered ETF	$43.78K	$78.89K	$68.56K

TRIO vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
TRIO MC Trio Equity Buffered ETF	6.52%	3.10%
HEDG Equable Shares Hedged Equity ETF	4.12%	3.20%

Correlation

The correlation between TRIO and HEDG is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 13, 2025	0.83

Return for Risk

TRIO vs. HEDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TRIO

TRIO Risk / Return Rank: 84
TRIO Sharpe Ratio Rank: 82
TRIO Sortino Ratio Rank: 85
TRIO Omega Ratio Rank: 85
TRIO Calmar Ratio Rank: 77
TRIO Martin Ratio Rank: 88

HEDG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TRIO vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MC Trio Equity Buffered ETF (TRIO) and Equable Shares Hedged Equity ETF (HEDG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	TRIO	HEDG	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.77	—	—
Martin ratio: Return relative to average drawdown	13.64	—	—

Drawdowns

TRIO vs. HEDG - Drawdown Comparison

The maximum TRIO drawdown since its inception was -9.88%, which is greater than HEDG's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for TRIO and HEDG.

Drawdown Indicators

	TRIO	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-9.88%	-3.85%	-6.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.75%	-0.38%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	—	—

Volatility

Volatility by Period

	TRIO	HEDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.39%	5.79%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	5.79%	+4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	5.79%	+4.52%

TRIO vs. HEDG - Expense Ratio Comparison

TRIO has a 0.70% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

TRIO vs. HEDG - Dividend Comparison

TRIO's dividend yield for the trailing twelve months is around 8.46%, more than HEDG's 2.31% yield.

Position	TTM	2025
HEDG Equable Shares Hedged Equity ETF	2.31%	1.38%
TRIO MC Trio Equity Buffered ETF	8.46%	9.01%

Frequently Asked Questions

Can I hold both TRIO and HEDG in my portfolio?

TRIO and HEDG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRIO or HEDG?

On fees, TRIO is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRIO or HEDG?

TRIO is cheaper with a 0.70% expense ratio, compared with 0.96% for HEDG.

Which ETF pays a higher dividend yield, TRIO or HEDG?

TRIO has the higher dividend yield at 8.46%, compared with 2.31% for HEDG.

What is the main difference between TRIO and HEDG?

They also come from different issuers: McCarthy & Cox and Equable Shares. Their fees differ too: 0.70% for TRIO and 0.96% for HEDG.