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ETFs

AdvisorShares STAR Global Buy-Write ETF

VEGA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 17 2012
Expense Ratio
2.03%
Type
Global Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$75,952
AUM
$48,319,900
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
39.26%
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
14.63%
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
14.24%
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
7.91%
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
6.14%
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
6.10%
GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
4.21%
n/a
BLACKROCK LIQUIDITY T 60
3.16%
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
1.52%
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
1.24%
Invest with VEGA

What is VEGA?

The AdvisorShares STAR Global Buy-Write ETF (VEGA) seeks consistent repeatable returns across all market cycles. VEGA is subadvised by Partnervest Advisory Services, LLC (Portfolio Manager). The portfolio manager seeks to achieve the investment objective by using a proprietary strategy known as Volatility Enhanced Global Appreciation ( VEGA ). VEGA employs a Buy-Write or Covered Call overlay for their global allocation strategy using Exchange Traded Products (ETPs). The strategy simultaneously writes (sells) a call option against each position in order to seek cumulative price appreciation from the portfolio s global exposure, while generating a consistent income stream from the sale of covered call and/or cash-secured put options. When volatility is low the portfolio manager buys protective put options to manage downside risk.

ETFs related toVEGA

ETFs correlated to VEGA include AOA, URTH, SPGM

VEGA
Advisorshares Trust - AdvisorShares STAR Global Buy-Write ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toVEGA

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with VEGA using Composer

FAQ

VEGA is a Global Equities ETF. The AdvisorShares STAR Global Buy-Write ETF (VEGA) seeks consistent repeatable returns across all market cycles. VEGA is subadvised by Partnervest Advisory Services, LLC (Portfolio Manager). The portfolio manager seeks to achieve the investment objective by using a proprietary strategy known as Volatility Enhanced Global Appreciation ( VEGA ). VEGA employs a Buy-Write or Covered Call overlay for their global allocation strategy using Exchange Traded Products (ETPs). The strategy simultaneously writes (sells) a call option against each position in order to seek cumulative price appreciation from the portfolio s global exposure, while generating a consistent income stream from the sale of covered call and/or cash-secured put options. When volatility is low the portfolio manager buys protective put options to manage downside risk.

Yes, VEGA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, VEGA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on VEGA is -0.008%. This is the percent change in the value of VEGA over the most recent 1-month period. The 3-month return on VEGA is 0.0259%. This is the percent change in the value of VEGA over the most recent 3-month period.

The standard deviation of VEGA for the past year is 0.1694%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to VEGA include MOTI, ACIO, and RODM.

ETFs correlated to VEGA include AOA, URTH, and SPGM.

ETFs that are inversely correlated to VEGA include SPDN, SPXU, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.