HEDG Equable Shares Hedged Equity ETF
Quote as of Oct 09, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 30.91 | Day Range | 30.89 – 31.00 |
| 52-Week Range | 28.15 – 31.61 | Volume | 17.64K |
| Avg Volume | 40.69K | AUM | $461.7M (Oct 10, 2026) |
| Expense Ratio | 0.96% | Yield (TTM) | 2.76% |
| NAV | 30.92 | Premium/Discount | 0.00% indicative |
| Inception | May 31, 2019 | Holdings | — |
| Issuer | Equable | Exchange | AMEX |
| Category | Covered Call | Index Tracked | S&P 500 |
| CUSIP | 81752T411 | ISIN | US81752T4114 |
| Structure | Currency Hedged Option Income | ||
| Management | Not stated in source data | ||
About this ETF
The Equable Shares Hedged Equity ETF (HEDG) functions as a fund-of-funds, engineered to provide income and reduce exposure to market downturns through a disciplined covered call option-writing approach. Its portfolio consists of equity holdings linked to the S&P 500 index, which it acquires through investments in other ETFs or via direct stock purchases. The fund sells covered call options against these securities to earn premiums. These premiums offer a degree of protection during market declines, yet they also place a cap on potential upside appreciation. Option positions are generally adjusted or "rolled" every three months. For liquidity management and to accommodate redemptions, the fund is authorized to hold up to 20% of its assets in cash, cash equivalents, various ETFs, or money market instruments. In times of severe market stress, the entire fund can temporarily shift into these highly liquid, short-term assets. Notably, before October 13, 2025, HEDG operated as a mutual fund, known as the Equable Shares Hedged Equity Fund, transitioning to its current ETF structure on that date with an initial asset base of $275.2 million.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.55% | +2.45% | +4.92% | +5.42% | — | — | — | — | +7.25% |
| Total return | +0.55% | +2.45% | +5.46% | +6.47% | — | — | — | — | +9.80% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.96% | Annual cost of a $10,000 investment | $96.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 11 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 ETF | IVV | 77.46% | 460.00K | $359.7M |
| 2 | State Street SPDR S&P 500 ETF Trust | SPY | 20.96% | 125.00K | $97.3M |
| 3 | U.S. Bank Money Market Deposit Account… | — | 5.15% | 23.90M | $23.9M |
| 4 | Clearshares Ultra-Short Maturity ETF | OPER | 0.43% | 20.00K | $2.0M |
| 5 | SPY US 12/31/26 P730 | — | 0.27% | 1.80K | $1.3M |
| 6 | Cash & Other | — | 0.03% | 128.61K | $128.6K |
| 7 | BNY Dreyfus Government Cash Management… | — | 0.00% | 0 | $0.46 |
| 8 | SPY US 12/31/26 P685 | — | -0.14% | -1.80K | -$646.2K |
| 9 | SPY US 12/31/26 C760 | — | -0.97% | -1.25K | -$4.5M |
| 10 | IVV 12/31/2026 765 C | — | -1.48% | -2.00K | -$6.9M |
| 11 | IVV 12/31/2026 770 C | — | -1.72% | -2.60K | -$8.0M |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: Yes (per fund name).
Distributions
| Yield (TTM) | 2.76% | Paid (last 12 months) | $0.8540 |
| Frequency | Quarterly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 24, 2026 | Last payment | $0.1541 (Sep 25, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 24, 2026 | Sep 24, 2026 | Sep 25, 2026 | $0.1541 |
| Jun 25, 2026 | Jun 25, 2026 | Jun 26, 2026 | $0.1494 |
| Mar 26, 2026 | Mar 26, 2026 | Mar 27, 2026 | $0.1460 |
| Dec 16, 2025 | Dec 16, 2025 | Dec 17, 2025 | $0.4046 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 5.44% / — | Sharpe 1Y / 3Y | 1.11 / — |
| Max drawdown 1Y / 3Y | -3.86% / — | Sortino 1Y | 1.69 |
| Beta vs S&P 500 (3Y) | 0.262 | Correlation vs S&P 500 (1Y) | 0.802 |
| Downside deviation 1Y | 3.58% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 17.64K | Average volume | 40.69K |
| AUM | $461.7M | Premium/Discount | 0.00% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$558.2K | -0.12% | $462.2M → $461.7M |
| 1 Month | $6.8M | +1.51% | $453.1M → $461.7M |
| 1 Week | $3.0M | +0.66% | $457.5M → $461.7M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for HEDG
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.