Equable SharesEquity HedgedHEDG · NYSE Arca

Equable Shares Hedged Equity ETF (HEDG)

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Price: $30.80; —11 Sept 2026
Assets: $449M; Total net assets
Expense ratio: 0.96%; Category 1.18%
Yield: 2.06%; Trailing distributions

1Y return: —; Category 12.1%
3Y CAGR: —; Category 14.6%
5Y CAGR: —; Category 7.8%

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Equable Shares Hedged Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.7%	+3.1%	+6.2%	+6.1%	—	—	—	—	+9.4%
Equity Hedged average	-1.0%	0.8%	10.4%	9.1%	12.1%	14.6%	7.8%	8.9%	11.2%
Difference	+1.7%	+2.3%	-4.2%	-3.0%	—	—	—	—	-1.8%

Holdings

The 4 largest positions make up 97.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
IVV	iShares Core S&P 500 ETF	75.53%
SPY	State Street® SPDR® S&P 500® ETF	21.36%
OPER	ClearShares Ultra-Short Maturity ETF	0.45%
DGCXX	BNY Dreyfus Govt Cash Mgmt Instl	0.05%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 24.7
P/B: 5.3
P/S: 3.7
P/CF: 19.0

Sector allocation

Share of the equity the fund holds.

Technology38.5%
Financial services12.1%
Communication services9.6%
Consumer discretionary9.4%
Health care9.3%
Industrials7.8%
Consumer staples4.5%
Energy3.4%
Utilities2.0%
Real estate1.8%
Materials1.7%

Asset mix

Stocks90.3%
Cash10.1%

ETF details

Issuer: Equable Shares
Category: Equity · Equity Hedged
Ticker: HEDG
Exchange: NYSE Arca
Inception: 31 May 2019 (7.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.96% (category 1.18%)
Holdings turnover: 42% (category 104%)
Distribution yield: 2.06%
Beta, 3 years: 0.30
Total net assets: $449M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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