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Equable Shares Hedged Equity (HEDG) ETF Holdings & Analysis
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What HEDG does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| iShares Core S&P 500 ETF | 58.17% | |
| State Street SPDR S&P 500 ETF Trust | 29.76% | |
| U.S. Bank Money Market Deposit Account 08/01/2031 | 5.69% | |
| IVV US 09/18/26 C720 | 3.33% | |
| SPY US 09/30/26 C735 | 1.24% | |
| Cash & Other | 0.76% | |
| Clearshares Ultra-Short Maturity ETF | 0.43% | |
| SPY US 09/30/26 P710 | 0.42% | |
| SPY US 09/30/26 P665 | 0.21% |
Sector allocation
| Basic Materials | 1.68% |
| Cash & Others | 0.01% |
| Communication Services | 9.55% |
| Consumer Cyclical | 9.10% |
| Consumer Defensive | 4.66% |
| Energy | 3.35% |
| Financial Services | 12.34% |
| Healthcare | 9.21% |
| Industrials | 8.15% |
| Real Estate | 1.91% |
| Technology | 37.86% |
Geographic allocation
| United States | 97.85% |
| Other | 2.15% |
PortView Portfolio Insights
PortView analyzes how HEDG fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does HEDG track?
- HEDG is the Equable Shares Hedged Equity ETF, a Other ETF.
- What is the expense ratio of HEDG?
- Expense ratio data for HEDG is shown on the page when available from our data provider.
- What are the largest holdings in HEDG?
- Top holdings include IVV, SPY, U.S. Bank Money Market Deposit Account 08/01/2031, IVV US 09/18/26 C720, SPY US 09/30/26 C735.
- How can PortView analyze HEDG overlap with other ETFs?
- PortView computes the holdings overlap between HEDG and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.