Soundwatch CapitalEquity HedgedSHDG · Cboe BZX

Soundwatch Hedged Equity ETF (SHDG)

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Price: $33.41; —11 Sept 2026
Assets: $160.8M; Total net assets
Expense ratio: 0.91%; Category 1.18%
Yield: 0.48%; Trailing distributions

1Y return: 7.0%-5.1%; Category 12.1%
3Y CAGR: 12.2%-2.4%; Category 14.6%
5Y CAGR: —; Category 7.8%

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Soundwatch 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	-0.6%	+2.4%	+5.8%	+3.5%	+7.0%	+12.2%	—	—	+13.8%
Equity Hedged average	-1.0%	0.8%	10.4%	9.1%	12.1%	14.6%	7.8%	8.9%	11.2%
Difference	+0.4%	+1.7%	-4.6%	-5.6%	-5.1%	-2.4%	—	—	+2.6%

Holdings

The 2 largest positions make up 99.8% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
IVV	iShares Core S&P 500 ETF	97.48%
FGXXX	First American Government Obligs X	2.28%

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

Stocks97.5%
Cash4.5%

ETF details

Issuer: Soundwatch Capital
Category: Equity · Equity Hedged
Ticker: SHDG
Exchange: Cboe BZX
Inception: 30 Nov 2016 (9.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.91% (category 1.18%)
Holdings turnover: 1% (category 104%)
Distribution yield: 0.48%
Beta, 3 years: 0.72
Total net assets: $160.8M

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

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