This ETF is actively managed, and offers investors a way to gain access to the popular buy-write strategy. The buy-write strategy this ETF implements essentially involves the combination of long positions in various asset classes with short positions in call options on those asset classes. The result is limited upside -- gains will be capped in bull markets due to the writing of the options -- along with a reduction in the loss potential. As such, this technique can be used to lower overall volatility and limit downside risk while potentially boosting returns and providing a stream of income to the portfolio. For investors looking so smooth volatility, VEGA could potentially be useful. It should be noted that htis ETF is actively manged, which contributes to a relatively high overall expense ratio. There are a couple other exchange-traded products that offer access to long-short strategies as well, including PBP. That ETF has a much lower expense ratio, and implements this strategy on the S&P 500.
The adjacent table gives investors an individual Realtime Rating for VEGA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Global Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
|U.S. Listed Stocks||61.99%|
|U.S. Listed Bonds||13.44%|
|ETF Cash Component||5.6%|
|ETF or Non-equity||15.6%|
|ETF Cash Component||5.6%|
|Developed Markets (ex-US)||11.88%|
|United Arab Emirates||0.04%|
|Virgin Islands, British||0.01%|
|Isle of Man||0.01%|
|Trinidad and Tobago||0.0%|
This ETF is not currently available for commission free trading on any platforms.
There are 16 other ETFs in the Global Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of VEGA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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