VEGA
AdvisorShares STAR Global Buy-Write ETF

Price: $35.67
Change: $0.2 (0.01%)
Category: Global Equities
Last Updated:

Vitals

Issuer AdvisorShares
Structure ETF
Expense Ratio 2.03%
ETF Home Page Home page
Inception Sep 17, 2012
Index Tracked ACTIVE - No Index

Analyst Report

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.

ETF Database Themes

Category Global Equities
Asset Class Multi-Asset
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Alternatives: Absolute Returns
Category Absolute Returns
Focus Global Macro
Niche Tactical Asset Allocation
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $32.08
  • 52 Week Hi $41.46
  • AUM $39.4 M
  • Shares 1.1 M

Historical Trading Data

  • 1 Month Avg. Volume 2,146
  • 3 Month Avg. Volume 2,518

Alternative ETFs in the ETF Database Global Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLCA 0.09% $243.3 M 79,161 -6.49%
Largest (AUM) IDV 0.49% $4.4 B 1 M -9.39%
Most Liquid (Volume) EWC 0.50% $4.1 B 3 M -7.82%
Top YTD Performer INFL 0.85% $1.3 B 222,003 6.44%

Alternative ETFs in the FactSet Alternatives: Absolute Returns Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TYA 0.15% $35.0 M 36,724 -35.69%
Largest (AUM) DBMF 0.85% $1.1 B 737,245 22.38%
Most Liquid (Volume) DBMF 0.85% $1.1 B 737,245 22.38%
Top YTD Performer KMLM 0.92% $317.6 M 203,045 27.74%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

VEGA ETF Database Category Average FactSet Segment Average
Number of Holdings 14 182 100
% of Assets in Top 10 96.40% 43.14% 77.36%
% of Assets in Top 15 100.01% 52.17% 81.45%
% of Assets in Top 50 100.01% 81.52% 95.69%

Size Comparison

VEGA ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 47.73% 4.63%
Mid (>2.7B) N/A 19.52% 1.48%
Small (>600M) N/A 9.21% 0.27%
Micro (<600M) N/A 1.94% 0.02%

VEGA Valuation

This section compares the P/E ratio of this ETF to its peers.

VEGA
P/E Ratio
24.24
ETF Database Category Average
P/E Ratio
14.86
FactSet Segment Average
P/E Ratio
12.47

VEGA Dividend

This section compares the dividend yield of this ETF to its peers.

VEGA ETF Database Category Average FactSet Segment Average
Dividend $ 0.11 $ 0.13 $ 0.33
Dividend Date 2020-12-24 N/A N/A
Annual Dividend Rate $ 0.10 $ 0.37 $ 0.48
Annual Dividend Yield 0.25% 1.16% 1.70%

VEGA Price and Volume Charts

View charts featuring VEGA price and volume data.

VEGA Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 876.09 K 6 Month Net Flows: 1.43 M 1 Year Net Flows: 19.16 M 3 Year Net Flows: 26.61 M 5 Year Net Flows: 22.73 M 10 Year Net Flows: 24.93 M

VEGA Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.