HEDGvsSHDGETF Comparison
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Equable Shares Hedged Equity ETF (HEDG) and Soundwatch Hedged Equity ETF (SHDG) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HEDG is less expensive with a Total Expense Ratio (TER) of 0.96%, versus 1.01% for SHDG. HEDG is up 2.98% year-to-date (YTD) with +$72M in YTD flows. SHDG performs worse with -0.26% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of HEDG and SHDG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HEDG vs SHDG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEDG SHDG | -0.19%-1.50% | +0.55%+0.39% | +2.98%-0.26% | n/a+6.13% | n/a+33.83% | n/an/a |
| Flows | HEDG SHDG | +$5M-$2M | +$21M-$6M | +$72M-$7M | --$10M | -+$8M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEDG SHDG | +4.05%+4.81% | n/a+7.57% | n/a+10.46% | n/an/a |
| Max drawdown | HEDG SHDG | -1.18%-2.49% | n/a-6.58% | n/a-15.48% | n/an/a |
| Max drawdown duration | HEDG SHDG | 14d14d | n/a150d | n/a153d | n/an/a |
Trading data
HEDG | SHDG | |
Last sale 7/30/2026 at 1:30 PM | $30.13 | $32.49 |
| Previous close 07/29/2026 | $29.88 | $32.14 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/30/2026 at 1:30 PM
Live
Closed
HEDG | SHDG | |
|---|---|---|
| Last price | $30.13 | $32.49 |
| 1D performance | +0.84% | +1.10% |
| AuM | $421.04 M | $158.48 M |
| E/R | 0.96% | 1.01% |
Characteristics
HEDG | SHDG | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Equable Shares | Soundwatch Capital |
| Benchmark | - | - |
| N° of holdings | 497 | 497 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 13, 2025 | October 24, 2022 |
| ESG | No | No |
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Exposure
Countries
HEDG
USA
94.45%
Other
5.55%
SHDG
USA
100.28%
Other
-0.28%
Sectors
HEDG
Technology
44.34%
Finance
12.74%
Consumer Non-Cycl.
8.5%
Healthcare
8.4%
Industrials
7.7%
Other
18.32%
SHDG
Technology
47.06%
Finance
13.52%
Consumer Non-Cycl.
9.02%
Healthcare
8.91%
Industrials
8.17%
Other
13.31%
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Diversification
HEDG
Total weight of top 15 holdings out of 15
41.76%
SHDG
Total weight of top 15 holdings out of 15
44.32%
Top 15 holdings
Data as of June 30, 2026
HEDG
NVIDIA Corp.
7.27%
Apple, Inc.
6.38%
Microsoft Corp.
4.16%
Amazon.com, Inc.
3.50%
Alphabet, Inc.
3.14%
Broadcom Inc.
2.68%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
1.95%
Meta Platforms, Inc.
1.86%
Tesla, Inc.
1.78%
Eli Lilly & Co.
1.42%
Advanced Micro Devices, Inc.
1.42%
Berkshire Hathaway, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Intel Corp.
0.99%
SHDG
NVIDIA Corp.
7.72%
Apple, Inc.
6.77%
Microsoft Corp.
4.41%
Amazon.com, Inc.
3.72%
Alphabet, Inc.
3.34%
Broadcom Inc.
2.85%
Alphabet, Inc.
2.66%
Micron Technology, Inc.
2.07%
Meta Platforms, Inc.
1.97%
Tesla, Inc.
1.89%
Eli Lilly & Co.
1.51%
Advanced Micro Devices, Inc.
1.51%
Berkshire Hathaway, Inc.
1.46%
JPMorgan Chase & Co.
1.40%
Intel Corp.
1.05%
Frequently asked questions about HEDG and SHDG
How have the HEDG and SHDG ETFs performed in 2026?
As of July 29, 2026, HEDG is up 2.98% year-to-date (YTD), while SHDG has lost -0.26%. That puts HEDG better performer ahead so far this year.
Which ETF is attracting more investor money: HEDG or SHDG?
Year-to-date, the HEDG ETF saw +$72M in flows, compared to -$7M for SHDG.
Which ETF is bigger: HEDG or SHDG?
As of July 29, 2026, HEDG holds $421.04 M in assets under management (AUM), while SHDG manages $158.48 M.
What sectors do the HEDG and SHDG ETFs invest in?
HEDG leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SHDG focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HEDG ETF and SHDG ETF?
HEDG top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SHDG holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HEDG or SHDG?
HEDG holds 505 securities with 41.76% of its assets in the top 15. SHDG has 504 securities and a top 15 weight of 44.32%.
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Latest news about HEDG & SHDG
Equable Shares Converts Flagship Fund into the Equable Shares Hedged Equity ETF (HEDG)
November 24, 2025
HEDG
Ask the Manager: Ron Santella on How Hedged Equity Fits Into a Diversified Portfolio
November 14, 2025
HEDG
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