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ETFs

Zega Buy & Hedge ETF

ZHDG
$--
Today’s Change
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Snapshot
*

Inception Date
Jul 06 2021
Expense Ratio
0.98%
Type
US Equities
Fund Owner
Zega ETF
Volume (1m avg. daily)
$310,202
AUM
$54,597,240
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 12/19/2025 150.01 C
62.86%
n/a
UNITED STATES TREAS NTS 3% 06/30/2024
10.11%
n/a
UNITED STATES TREAS NTS 2.75% 05/31/2023
9.12%
n/a
Cash & Other
3.43%
n/a
SPY 01/17/2025 370.01 P
2.35%
n/a
SPY 06/21/2024 370.01 P
1.94%
n/a
SPY 03/15/2024 370.01 P
1.72%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
1.63%
ISNP4137003
INTESA SANPAOLO S P A 5.017% 06/26/2024
0.96%
PRGO/24
Perrigo Finance Unlimited Company - 3.90% NT REDEEM 15/12/2024 USD 200000
0.91%
Invest with ZHDG

What is ZHDG?

The ZEGA Buy and Hedge ETF (ZHDG) is an actively-managed exchange-traded fund ( ETF ) that seeks to provide exposure to the U.S. large capitalization equity market, while mitigating overall market downside risk in the event of a major market decline. To achieve its investment objective, ZHDG invests in a combination of S&P 500 index options as well as fixed income or other income producing securities. The portion of the portfolio invested in equity index options provides long-term exposure to the equity markets, seeking upside potential while mitigating downside risk. The portion of the portfolio invested in yield-bearing positions seeks cash generation to purchase the equity options. ZHDG aims to limit equity losses to 8-10% in any 12-month period. The total portfolio may still experience losses in excess of the 8-10% target range over a 12-month period. The underlying yield-bearing investments may experience losses, but ZHDG seeks to limit those losses to 10% through its investments in purchased put options.

ETFs related toZHDG

ETFs correlated to ZHDG include GFEB, DFSU, BKLC

ZHDG
Tidal ETF Trust - ZEGA Buy and Hedge ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad 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.

FAQ

ZHDG is a US Equities ETF. The ZEGA Buy and Hedge ETF (ZHDG) is an actively-managed exchange-traded fund ( ETF ) that seeks to provide exposure to the U.S. large capitalization equity market, while mitigating overall market downside risk in the event of a major market decline. To achieve its investment objective, ZHDG invests in a combination of S&P 500 index options as well as fixed income or other income producing securities. The portion of the portfolio invested in equity index options provides long-term exposure to the equity markets, seeking upside potential while mitigating downside risk. The portion of the portfolio invested in yield-bearing positions seeks cash generation to purchase the equity options. ZHDG aims to limit equity losses to 8-10% in any 12-month period. The total portfolio may still experience losses in excess of the 8-10% target range over a 12-month period. The underlying yield-bearing investments may experience losses, but ZHDG seeks to limit those losses to 10% through its investments in purchased put options.

Yes, ZHDG 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, ZHDG 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 ZHDG is -0.0149%. This is the percent change in the value of ZHDG over the most recent 1-month period. The 3-month return on ZHDG is -0.0002%. This is the percent change in the value of ZHDG over the most recent 3-month period.

The standard deviation of ZHDG for the past year is 0.1523%. 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 ZHDG include HDGE, XYLD, and QYLD.

ETFs correlated to ZHDG include GFEB, DFSU, and BKLC.

ETFs that are inversely correlated to ZHDG include SPDN, SPXS, and SPXU.

Disclaimers

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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.