Zega Buy & Hedge ETF (ZHDG)

Assets	$34.78M
Expense Ratio	0.97%
PE Ratio	n/a
Shares Out	1.53M
Dividend (ttm)	$0.58
Dividend Yield	2.57%
Ex-Dividend Date	Dec 24, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	13,590
Open	22.69
Previous Close	22.76
Day's Range	22.44 - 22.70
52-Week Low	18.39
52-Week High	23.43
Beta	0.78
Holdings	14
Inception Date	Jul 6, 2021

About ZHDG

Fund Home Page

The Zega Buy & Hedge ETF (ZHDG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed options strategy that provides S&P 500 equity exposure while attempting to mitigate downside risk. The fund uses options and a broad range of fixed income securities to pursue its investment objective. ZHDG was launched on Jul 6, 2021 and is issued by Tidal.

• Asset Class: Asset Allocation
• Category: Derivative Income
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: ZHDG
• ETF Provider: Tidal

Top 10 Holdings

170.15% of assets

Name	Symbol	Weight
Option On Spdr® S&P 500® Etf Dec26	n/a	140.72%
United States Treasury Bills 0%	B.0 07.09.26	8.04%
United States Treasury Bills 0%	B.0 02.19.26	7.62%
United States Treasury Bills 0%	B.0 08.06.26	4.01%
United States Treasury Bills 0%	B.0 04.09.26	3.67%
United States Treasury Bills 0%	B.0 06.11.26	2.54%
SPY US 12/18/26 P615	n/a	1.07%
First American Government Obligations Fund	FGXXX	0.99%
SPY US 09/18/26 P615	n/a	0.85%
SPY US 06/30/26 P615	n/a	0.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 24, 2025	$0.5805	Dec 26, 2025
Dec 24, 2024	$0.52575	Dec 27, 2024
Dec 22, 2023	$0.26866	Dec 28, 2023
Dec 23, 2022	$0.56667	Dec 28, 2022
Dec 22, 2021	$0.280	Dec 28, 2021

Performance

ZHDG had a total return of 12.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.22%.