Zega Buy & Hedge ETF (ZHDG)

Assets	$32.96M
Expense Ratio	0.97%
PE Ratio	n/a
Shares Out	1.55M
Dividend (ttm)	$0.58
Dividend Yield	2.73%
Ex-Dividend Date	Dec 24, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	6,247
Open	21.31
Previous Close	21.23
Day's Range	21.20 - 21.33
52-Week Low	18.39
52-Week High	23.43
Beta	0.79
Holdings	18
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

178.46% of assets

Name	Symbol	Weight
Spy 12/31/2026 220.01 C	n/a	140.53%
United States Treasury Bills 0%	B.0 07.09.26	8.79%
SPY US 06/30/26 P640	n/a	8.52%
United States Treasury Bills 0%	B.0 09.03.26	5.39%
United States Treasury Bills 0%	B.0 08.06.26	4.39%
United States Treasury Bills 0%	B.0 04.09.26	3.89%
United States Treasury Bills 0%	B.0 06.11.26	2.78%
First American Government Obligations Fund	FGXXX	2.23%
SPY US 09/18/26 P615	n/a	1.04%
US DOLLARS	n/a	0.91%

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 17.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.68%.