Zega Buy & Hedge (ZHDG) ETF Holdings & Analysis

What ZHDG does

The Zega Buy & Hedge ETF (ZHDG) employs a multi-faceted investment approach, allocating capital across a blend of options, alongside fixed-income instruments, and other income-generating assets, such as preferred stock. These investments can be made directly or indirectly via exchange-traded funds (ETFs) and other pooled investment vehicles. Its sub-adviser specifically targets exposure to the performance of the U.S. large-cap equity market, typically benchmarked against the S&P 500 Index. This is accomplished through the use of various call options, including index call options, call options on the SPDR S&P 500 ETF Trust (SPY) or similar S&P 500-tracking ETFs, and Flexible EXchange® (FLEX) Options. Notably, this fund operates on a non-diversified basis.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how ZHDG 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.

Related securities

Related stocks

Frequently asked questions

What does ZHDG track?

ZHDG is the Zega Buy & Hedge ETF, a Other ETF.

What is the expense ratio of ZHDG?

Expense ratio data for ZHDG is shown on the page when available from our data provider.

What are the largest holdings in ZHDG?

Top holdings include SPY 12/31/2026 220.01 C, United States Treasury Bill 07/09/2026, United States Treasury Bill 02/19/2026, United States Treasury Bill 08/06/2026, United States Treasury Bill 04/09/2026.

How can PortView analyze ZHDG overlap with other ETFs?

PortView computes the holdings overlap between ZHDG and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.