HEDG Equable Shares Hedged Equity ETF
Quote as of Aug 26, 2026 18:57 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 30.66 | Day Range | 30.60 – 30.67 |
| 52-Week Range | 28.15 – 30.89 | Volume | 20.22K |
| Avg Volume | 42.17K | AUM | $301.0M (Aug 26, 2026) |
| Expense Ratio | 0.92% | Yield (TTM) | 2.28% |
| NAV | 30.60 | Premium/Discount | +0.15% indicative |
| Inception | Oct 08, 2025 | 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
HEDG is a fund-of-funds, aiming to generate income and mitigate downside risk through a covered call option-writing strategy. The fund invests in equity securities based on the S&P 500 index, using either ETFs or direct stock purchases. It writes covered call options on these securities to earn premiums, which provide partial downside protection while limiting potential gains. Options positions are typically rolled quarterly. To maintain liquidity or meet redemptions, the fund may hold cash, cash equivalents, ETFs, or money-market funds, capped at 20%. Additionally, assets may fully shift to the same short-term instrumetns in response to adverse market conditions. Prior to October 13, 2025, HEDG was a mutual fund called Equable Shares Hedged Equity Fund before converting to an ETF structure, starting with $275.2 million in assets.
Description from the fund data provider · profile as of Aug 26, 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 | +2.03% | +2.40% | +3.16% | +4.53% | — | — | — | — | +6.35% |
| Total return | +2.03% | +2.92% | +4.18% | +5.58% | — | — | — | — | +8.88% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.92% | Annual cost of a $10,000 investment | $92.00 |
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 Jun 30, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 9 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | iShares Core S&P 500 ETF | IVV | 64.31% | 360.00K | $267.9M |
| 2 | State Street SPDR S&P 500 ETF Trust | SPY | 32.91% | 185.00K | $137.1M |
| 3 | U.S. Bank Money Market Deposit Account… | — | 6.29% | 26.20M | $26.2M |
| 4 | Cash & Other | — | 0.83% | 3.48M | $3.5M |
| 5 | Clearshares Ultra-Short Maturity ETF | OPER | 0.48% | 20.00K | $2.0M |
| 6 | SPY US 09/30/26 P710 | — | 0.46% | 1.60K | $1.9M |
| 7 | SPY US 09/30/26 P665 | — | -0.23% | -1.60K | -$963.2K |
| 8 | SPY US 09/30/26 C735 | — | -1.37% | -1.85K | -$5.7M |
| 9 | IVV US 09/18/26 C720 | — | -3.68% | -3.60K | -$15.3M |
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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) | 2.28% | Paid (last 12 months) | $0.7000 |
| Frequency | Quarterly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jun 25, 2026 | Last payment | $0.1494 (Jun 26, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| 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 | 5.66% / — | Sharpe 1Y / 3Y | 1.21 / — |
| Max drawdown 1Y / 3Y | -3.86% / — | Sortino 1Y | 1.83 |
| Beta vs S&P 500 (3Y) | 0.257 | Correlation vs S&P 500 (1Y) | 0.812 |
| Downside deviation 1Y | 3.74% | Risk-free rate used | 3.72% (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 Aug 26, 2026. Formulas →
Liquidity
| Volume today | 20.22K | Average volume | 42.17K |
| AUM | $301.0M | Premium/Discount | +0.15% |
| 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 | $0.00 | 0.00% | $301.0M → $301.0M |
| 1 Week | -$491.7K | -0.16% | $301.0M → $301.0M |
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.