Equable Shares Hedged Equity ETFHEDG

EquableIncomeCovered Calls#268 of 469 by YTD

$30.36

+0.5% last session

+5.1% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Nov 5, 2025 – Nov 6, 2026HEDGS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.5%	−1.8%	0.0%	+5.1%	+7.2%	—	—	+8.4%
Peer average	+0.3%	−4.3%	−3.6%	+3.8%	+4.6%	+44.6%	+54.5%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $473M
Expense ratio: 0.96%
Distribution yield: 2.8%
NAV: $31.02
Volume: 19K
Avg. volume 30D: 41K
High today: $30.51
Low today: $30.19
Previous close: $30.22
52-week high: $33.32
52-week low: $28.15
Our risk indicator: 3/5

HEDG in One Breath

HEDG Among Covered Calls ETFs

YTD

#1USOIETRACS+49.6%$305M

#2NDIVAmplify+32.8%$33.3M

#3WEEIWestwood+24.8%$112M

#4XOMOYieldMax+21.3%$36.8M

#5PAYRFederated Hermes+18.6%$96.8M

#6TNGYTortoise+17.8%$523M

#7CTEFCastellan+16.4%$582M

#8RDTYYieldMax+15.6%$15.4M

#41HEDGEquable+5.1%$473M

End-of-day Nov 6, 2026 · 70 Covered calls ETFs by YTD

$10,000 in HEDG

$10,000 in HEDG became

$10,835

In the S&P 500 (VOO)

$11,217

Total return, dividends in · Oct 13, 2025 – Nov 6, 2026 · S&P 500 uses VOO

HEDG’s Top Holdings

Today

IVViShares Core S&P 500 ETF76.2%SPY20.0%OPER8 more

IVViShares Core S&P 500 ETF76.2%SPY20.0%OPEROther

Financial Services

Equable HEDG · 11 holdings · tile size = share of the fund · as of Nov 6, 2026

What HEDG Holds

Today

Technology40.5%

[…]

Financial Services96.6%

IVV 76.2 · SPY 20.0 · OPER

Communication Services9.9%

[…]

Healthcare9.3%

[…]

Consumer Cyclical8.7%

[…]

Industrials7.5%

[…]

Consumer Defensive4.3%

[…]

Equable HEDG · share of the fund by sector · as of Nov 6, 2026

iShares’ Share of HEDG

Today

76.2%

$762 of every $1,000 in HEDG is iShares

iShares held by HEDG

$361M

Most iShares per dollar

ASGM25.7%

BAMO20.8%

MATR15.3%

BUYW14.8%

Equable HEDG · each square = $10 of $1,000 · as of Nov 6, 2026

HEDG’s Share of Covered Calls ETFs

Today

1.1%

of the $42.7B in 89 Covered calls ETFs

HEDG$473M1.1%

QYLD$8.2B19.3%

DIVO$8.1B19.0%

86 others$25.9B60.6%

Covered calls ETF AUM · Nov 6, 2026

HEDG Fee per $100 vs Peers

Today

$0.96a year
per $100

$96 a year on $10,000

DIVO$0.56

QYLD$0.60

XYLD$0.60

FTHI$0.75

ACIO$0.79

HEDG$0.96

Expense ratio · Covered calls peers · Nov 6, 2026

Inside HEDG

3 holdings · as of Nov 6, 2026

HEDG

Equable Shares Hedged Equity ETF

Today

Technology40.5%Financial Services96.6%IVViShares Core S&P 500 ETF76.2%SPY20.0%Communication Services9.9%Healthcare9.3%Consumer Cyclical8.7%Industrials7.5%Consumer Defensive4.3%

Technology40.5%Financial Services96.6%IVViShares Core S&P 500 ETF76.2%SPY20.0%Communication Services9.9%Healthcare9.3%Consumer Cyclical8.7%Industrials7.5%

#	Ticker	Company	Weight ▼
1	IVV	iShares Core S&P 500 ETF	76.20%
2	SPY	State Street SPDR S&P 500 ETF Trust	19.97%
3	OPER	Clearshares Ultra-Short Maturity ETF	0.44%

See all 11 holdings ↓

TechnologyFinancial ServicesCommunication ServicesHealthcareConsumer CyclicalIndustrialsConsumer DefensiveEnergyUtilitiesReal EstateBasic Materials

Equable HEDG · current holdings by weight · as of Nov 6, 2026 · each tile is one holding

All HEDG Holdings

11 holdings · as of Nov 6, 2026

HEDG

HEDG’s Holdings

Today

#
1	IVViShares Core S&P 500 ETF	Financial Services	76.20%	$7,620.46	475K	$349.7M
2	SPYState Street SPDR S&P 500 ETF Trust	Financial Services	19.97%	$1,996.64	125K	$91.6M
3	—U.S. Bank Money Market Deposit Account 08/01/2031	—	3.94%	$394.12	18.1M	$18.1M
4	—SPY US 12/31/26 P730	—	0.83%	$83.25	1,800	$3.8M
5	OPERClearshares Ultra-Short Maturity ETF	Financial Services	0.44%	$43.63	20K	$2.0M
6	—Cash & Other	—	0.15%	$14.85	681K	$681K
7	—BNY Dreyfus Government Cash Management 12/31/2031	—	0.00%	$0.00	2	$2
8	—SPY US 12/31/26 C760	—	−0.27%	−$26.71	-1,250	−$1.2M
9	—IVV 12/31/2026 765 C	—	−0.40%	−$40.07	-2,000	−$1.8M
10	—SPY US 12/31/26 P685	—	−0.42%	−$42.05	-1,800	−$1.9M
11	—IVV 12/31/2026 770 C	—	−0.44%	−$44.13	-2,750	−$2.0M

Equable HEDG · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

HEDG

Equable Shares Hedged Equity ETF’s Peers

YTD


QYLD	Global XRead Desk	0.60%	+7.0%	+10.5%	$8.2B
DIVO	AmplifyRead Desk	0.56%	+9.0%	+11.2%	$8.1B
XYLD	Global XRead Desk	0.60%	+7.8%	+11.8%	$3.4B
FTHI	First TrustRead Desk	0.75%	+3.1%	+4.2%	$2.6B
ACIO	AptusRead Desk	0.79%	+4.7%	+4.4%	$2.4B
HEDG	EquableThis fundRead Desk	0.96%	+5.1%	+7.2%	$473M

Covered calls peers · YTD and past-year returns · as of Nov 7, 2026 · sorted by AUM

Head to Head

Put HEDG head to head with QYLD →

QYLD vs HEDG

YTD

QYLDGlobal X · Covered callsHEDGEquable · Covered calls

Year to date

+7.0%

+5.1%

QYLD wins+2.0 pts

Past year

+10.5%

+7.2%

QYLD wins+3.4 pts

Fee

0.60%

0.96%

QYLD winslower fee

Yield

12.5%

2.8%

QYLD wins+9.7 pts

AUM

$8.2B

$473M

QYLD17.4× more

4–0QYLD wins

Global X QYLD and Equable HEDG · year-to-date · as of Nov 7, 2026 · AUM not scored

HEDG vs VOO

YTD

HEDG · Equable Shares Hedged Equity

+5.1%

VOO · S&P 500

+8.7%

Gap

3.7 pts

Equable HEDG and Vanguard VOO · YTD total return · as of Nov 7, 2026

HEDG vs Its Peer Average

YTD

HEDGAvsBPeer average

1D+0.5%+0.3%

1M−1.8%−4.3%

3M0.0%−3.6%

YTD+5.1%+3.8%

1Y+7.2%+4.6%

3Y[…]+44.6%

5Y[…]+54.5%

5–0HEDG wins

88 Covered calls peers · each row scaled to its leader

The Details

HEDG

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y6.16%

Deepest drop · 1Y−3.8%

Lowest point · 5Y−0.5%

52-week range

$30.36

$28.15−8.9% from the high$33.32

Equable HEDG · past-year price moves · as of Nov 7, 2026

HEDG

Fund Facts

Today

2019launched May 31

Tracks[…]

Exchange · CUSIPAMEX · 81752T411

StructureETF

Leverage1x

Cost on $10,000$96 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Equable HEDG · fund facts · as of Nov 7, 2026

HEDG

Payouts by Year

$0.15per share, Sep 2026

Distribution yield2.8%

PaidEvery quarter

Latest ex-date · paidSep 24 · Sep 25, 2026

4 payouts added up$0.85 a share

Equable HEDG · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-10-31 ↗prospectus · SEC 485APOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$31.02

Premium / discount[…]

Median spread · 30D[…]

Volume today19K

Average volume · 30D41K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.96%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$96.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 24, 2026	Sep 25, 2026	$0.15
Jun 25, 2026	Jun 26, 2026	$0.15
Mar 26, 2026	Mar 27, 2026	$0.15
Dec 16, 2025	Dec 17, 2025	$0.40

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