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Upturn AI SWOT - About
ZEGA Buy and Hedge ETF (ZHDG)
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Upturn Advisory Summary
09/16/2025: ZHDG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 22.04% | Avg. Invested days 65 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.76 | 52 Weeks Range 18.26 - 21.90 | Updated Date 06/29/2025 |
52 Weeks Range 18.26 - 21.90 | Updated Date 06/29/2025 |
Upturn AI SWOT
ZEGA Buy and Hedge ETF
ETF Overview
Overview
The ZEGA Buy and Hedge ETF (ZHDG) is designed to provide investors with income and downside protection. It seeks to generate income by selling call options on the S&P 500 and purchase put options on the S&P 500 to provide downside protection. The fundu2019s asset allocation primarily consists of investments in equity securities with a portion allocated to options strategies.
Reputation and Reliability
ZEGA Financial is a relatively smaller ETF issuer. Their reputation is still developing, and their reliability is assessed through the performance of their ETFs and adherence to their stated investment strategies.
Management Expertise
The management team's expertise lies in structured products and options strategies. Their background and experience in these areas influence the fund's investment decisions.
Investment Objective
Goal
To generate income and provide downside protection.
Investment Approach and Strategy
Strategy: The ETF employs a buy-write strategy (selling covered calls) and purchases put options to hedge against market declines.
Composition The ETF's assets primarily consist of S&P 500 stocks and options contracts on the S&P 500.
Market Position
Market Share: ZHDG's market share is relatively small compared to larger, more established income and option strategy ETFs.
Total Net Assets (AUM): 60656138
Competitors
Key Competitors
- QYLD
- XYLD
- JEPI
- SPYI
Competitive Landscape
The covered call ETF market is competitive, with several large funds managing billions in assets. ZHDG attempts to differentiate itself with its specific put option overlay to provide additional downside protection, potentially at the cost of some upside participation. Competitors like QYLD and XYLD focus primarily on income generation through covered calls and are less concerned with the overall market protection.
Financial Performance
Historical Performance: Historical performance data including total return, dividend yield, and risk-adjusted returns can be found from its inception date to the present. [2.35, 7.63, -4.09]
Benchmark Comparison: The ETF's performance is compared to the S&P 500 index to assess its effectiveness in providing income and downside protection, which often results in underperformance during strong bull markets.
Expense Ratio: 0.99
Liquidity
Average Trading Volume
ZHDG demonstrates moderate liquidity, which facilitates relatively easy trading for investors.
Bid-Ask Spread
The bid-ask spread is typically small, indicating reasonable trading costs.
Market Dynamics
Market Environment Factors
Market volatility, interest rates, and dividend yields all affect ZHDG's performance. Elevated volatility increases option premiums, boosting income, while rising interest rates can impact the attractiveness of dividend yields.
Growth Trajectory
Growth trends are tied to investor demand for income and downside protection. Changes in strategy or holdings depend on market conditions and the management team's outlook.
Moat and Competitive Advantages
Competitive Edge
ZHDG's competitive advantage lies in its dual focus on income generation and downside protection via options strategies. It differentiates itself from competitors by employing a combination of covered calls and protective puts, offering a unique approach to income and risk management. This strategy appeals to investors seeking consistent income with a buffer against market downturns, potentially making it more attractive to risk-averse investors. However, this can result in lower upside during bull markets compared to its peers.
Risk Analysis
Volatility
ZHDG's historical volatility is moderate but can increase during periods of market stress due to the options component.
Market Risk
Specific risks associated with ZHDG include options risk (e.g., mispricing, exercise risk), market risk (impact of S&P 500 performance), and tracking error due to the active management of the options strategy.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking income and downside protection within their portfolio, with a willingness to forgo some potential upside gain in exchange for reduced risk.
Market Risk
ZHDG is suitable for long-term investors and those seeking income, with a lower tolerance for market volatility.
Summary
ZHDG is an ETF designed for income generation and downside protection through a combination of covered call and protective put strategies. Its unique approach may attract investors seeking to balance income with a buffer against market declines. The fund's performance is influenced by market volatility, interest rates, and dividend yields. Investors should understand the complexities of options strategies and the potential for lower upside participation in bull markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ZEGA Financial Website
- ETF.com
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ZEGA Buy and Hedge ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in a combination of options, as well as fixed income securities, or other income producing securities, including preferred shares, through ETFs or other investment companies or through direct investments. The sub-adviser seeks to achieve exposure to the performance of the U.S. large capitalization equity market, generally recognized as the S&P 500® Index, through call index options, call options on the SPDR S&P 500 ETF Trust or other ETFs that track the S&P 500, and FLexible EXchange® Options. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.