Zega Buy & Hedge ETF (ZHDG)

Assets	$34.99M
Expense Ratio	0.97%
PE Ratio	n/a
Shares Out	1.50M
Dividend (ttm)	$0.58
Dividend Yield	2.49%
Ex-Dividend Date	Dec 24, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	5,693
Open	23.30
Previous Close	23.31
Day's Range	23.17 - 23.34
52-Week Low	20.51
52-Week High	23.98
Beta	0.80
Holdings	11
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

165.56% of assets

Name	Symbol	Weight
Option On State Street® Spdr® S&P 500® Etf Dec26	n/a	136.80%
United States Treasury Bills 0%	B.0 07.09.26	8.17%
United States Treasury Bills 0%	B.0 09.03.26	6.17%
United States Treasury Bills 0%	B.0 08.06.26	5.24%
United States Treasury Bills 0%	B.0 06.11.26	3.74%
First American Government Obligations Fund Class X	FGXXX	2.27%
SPY US 06/30/26 P640	n/a	1.45%
SPY US 09/18/26 P660	n/a	0.84%
SPY US 12/18/26 P650	n/a	0.79%
OTHER ASSETS AND LIABILITIES	n/a	0.10%

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 15.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.50%.