HEDG Equable Shares Hedged Equity ETF
The Equable Shares Hedged Equity ETF (HEDG) functions as a fund-of-funds, engineered to provide income and reduce exposure to market downturns through a disciplined covered call option-writing approach. Its portfolio consists of equity holdings linked to the S&P 500 index, which it acquires through investments in other ETFs or via direct stock purchases. The fund sells covered call options against these securities to earn premiums. These premiums offer a degree of protection during market declines, yet they also place a cap on potential upside appreciation. Option positions are generally adjusted or "rolled" every three months. For liquidity management and to accommodate redemptions, the fund is authorized to hold up to 20% of its assets in cash, cash equivalents, various ETFs, or money market instruments. In times of severe market stress, the entire fund can temporarily shift into these highly liquid, short-term assets. Notably, before October 13, 2025, HEDG operated as a mutual fund, known as the Equable Shares Hedged Equity Fund, transitioning to its current ETF structure on that date with an initial asset base of $275.2 million.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| HEDG | -0.1% | +1.1% | +6.7% | +9.2% | — | — |
| Equity average (4725 funds) | -2.2% | -4.7% | +3008.3% | +1886.0% | +15.1% | +2.6% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$0 net.
No open-market insider buys in the holdings in the last 90 days.
Holdings · as of Nov 13, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | IVV iShares Core S&P 500 ETF | 76.73% |
| 2 | SPY State Street SPDR S&P 500 ETF Trust | 20.09% |
| 3 | HEDG U.S. Bank Money Market Deposit Account 08/01/2031 | 4.33% |
| 4 | OPER Clearshares Ultra-Short Maturity ETF | 0.43% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Sep 24, 2026 | $0.1541 |
| Jun 25, 2026 | $0.1494 |
| Mar 26, 2026 | $0.1460 |
| Dec 16, 2025 | $0.4046 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in HEDG in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error