ZHDG Performance — ZEGA Buy and Hedge ETF
Data updated: 2026-09-21
ZHDG returned +4.24% year to date and +11.08% over one year to Jul 2026. Annualised returns are +11.76% over 3 years and +5.56% over 5 years. The fund trailed its US Blend category average: $100 invested three years ago grew to $140, against $147 for the category, and to $111 over one year, against $120. Volatility over the past three years was 10.79% a year. In the 12 months to Jul 2026 the fund took in a net $4.6M, and assets reached $35.20M.
ZHDG Growth of $100
What $100 invested in ZEGA Buy and Hedge ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Blend category average over the same months.
| Period | ZHDG | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $140 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $131 | $143 |
| Since data start (Jul 2021 – Jul 2026) | $132 | $144 |
ZHDG Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.24% |
| 1 year | +11.08% |
| 3 years (annualised) | +11.76% |
| 5 years (annualised) | +5.56% |
ZHDG Annual Returns
Calendar-year total returns of ZEGA Buy and Hedge ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.24% |
| 2025 | +14.05% |
| 2024 | +17.76% |
| 2023 | +13.13% |
| 2022 | −22.06% |
| 2021 (Jul–Dec) | +6.57% |
ZHDG Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | −1.1% | −5.7% | +7.4% | +4.7% | −1.4% | −0.3% | — | — | — | — | — |
| 2025 | +2.1% | −1.3% | −5.1% | +0.4% | +4.9% | +4.2% | +1.9% | +1.5% | +3.3% | +2.0% | −0.2% | −0.1% |
| 2024 | +0.8% | +3.1% | +3.0% | −3.7% | +4.4% | +3.2% | +0.8% | +1.7% | +2.0% | −0.8% | +5.0% | −2.7% |
| 2023 | +4.4% | −2.9% | +2.3% | +0.7% | +0.4% | +5.1% | +3.0% | −1.3% | −4.0% | −2.4% | +6.0% | +1.8% |
| 2022 | −5.3% | −2.8% | +2.5% | −7.5% | −0.6% | −8.2% | +6.0% | −3.4% | −5.2% | +4.6% | +3.1% | −6.6% |
| 2021 | — | — | — | — | — | — | +0.4% | +2.2% | −3.0% | +4.0% | −0.7% | +3.7% |
ZHDG Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.79%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +7.42% (Apr 2026)
- Worst month: −5.69% (Mar 2026)
ZHDG Fund Flows
Monthly money in and out of ZEGA Buy and Hedge ETF, from SEC Form N-PORT.
- 12-month net flow: $4.6M
- 12-month gross sales (incl. reinvestments): $11.9M
- Sales ÷ redemptions: 1.62×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $594K | $590K | $4K |
| Jun 2026 | $0 | $0 | $0 |
| May 2026 | $0 | $570K | −$570K |
| Apr 2026 | $0 | $548K | −$548K |
| Mar 2026 | $1.6M | $1.1M | $534K |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $1.1M | $1.7M | −$574K |
| Dec 2025 | $2.9M | $573K | $2.3M |
| Nov 2025 | $1.7M | $1.2M | $578K |
| Oct 2025 | $2.9M | $0 | $2.9M |
| Sep 2025 | $1.1M | $564K | $534K |
| Aug 2025 | $0 | $551K | −$551K |
ZHDG Assets Under Management
Net assets of ZEGA Buy and Hedge ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $35.20M |
| 2026-04-30 | $34.75M |
| 2026-01-31 | $34.69M |
| 2025-10-31 | $33.01M |
| 2025-07-31 | $28.18M |
| 2025-04-30 | $26.74M |
| 2025-01-31 | $26.36M |
| 2024-10-31 | $27.45M |
| 2024-07-31 | $34.08M |
| 2024-04-30 | $35.44M |
| 2024-01-31 | $42.21M |
| 2023-10-31 | $48.13M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.