ZHDG

ETFActive

Zega Buy And Hedge ETF

Category: US Bond (5,386 funds)

Expense Ratio

1.00%

Annual Cost per $10K

$100.00

30-Year Fee Drag per $10K

$18,688

at 7% annual return

Fund Type

ETF

Active

Trailing 12-Month

+16.92%

Asset Allocation

US Bond

92%

Cash

Fee Comparison

ZHDG

1.00%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

32% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of October 2025 · Updated quarterly

+46.90%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

ZHDG at 1.00%$287,175

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$93,438

Cost vs index fund−$90,250

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of October 2025

Ticker	Name	ER	1yr	3yr	5yr
ZHDG	Zega Buy And Hedge ETF	1.00%	+16.92%	+13.68%	—
VBTSX	VANGUARD TOTAL BOND MARKET INDEX FUND	—	—	—	—
AMUSX	U.S. Government Securities Fund	0.65%	+3.55%	+1.78%	-0.67%
AFFMX	American Funds Mortgage Fund	0.68%	+4.14%	+2.79%	+0.23%
DDTRX	DoubleLine Total Return Bond Fund	0.43%	+3.74%	+5.02%	+0.43%
AIBAX	Intermediate Bond Fund of America	0.65%	+4.50%	+3.52%	+0.82%
MBB	iShares MBS ETF	0.04%	+3.34%	+2.81%	-0.45%
FLIBX	American Funds Inflation Linked Bond Fund	0.36%	+5.34%	+1.51%	+0.86%
STRDX	Sterling Capital Total Return Bond Fund	0.35%	+3.21%	+5.24%	+0.04%
VFIIX	VANGUARD GNMA FUND	0.21%	+6.79%	+5.46%	+0.17%
VWALX	VANGUARD HIGH-YIELD TAX-EXEMPT FUND	0.09%	+3.94%	+7.08%	+1.93%
JBFRX	Bond Fund	0.46%	+3.37%	+3.61%	-0.09%
PYMAX	PIMCO High Yield Municipal Bond Fund	0.86%	+0.38%	+5.88%	+1.89%
VWLUX	VANGUARD LONG-TERM TAX-EXEMPT FUND	0.09%	+3.97%	+6.33%	+1.37%
TBIIX	Nuveen Bond Index Fund	0.32%	+2.61%	+4.85%	-0.55%
FTSL	First Trust Senior Loan Fund	0.86%	+6.67%	+8.45%	+6.03%
SCOAX	SIIT CORE FIXED INCOME FUND	0.37%	+3.26%	+3.37%	-0.51%
DHEAX	DIAMOND HILL SHORT DURATION SECURITIZED BOND	0.82%	+6.77%	+7.74%	-2.09%
SRLN	SPDR Blackstone Senior Loan ETF	0.70%	+7.51%	+8.80%	+5.47%
MMHEX	NYLI MacKay High Yield Muni Bond Fund	0.55%	+3.03%	+8.03%	+2.43%
FFRAX	Fidelity Advisor Floating Rate High Income Fund	0.73%	-5.49%	-16.23%	-20.26%
FCAVX	Franklin California Tax-Free Income Fund	0.60%	-1.83%	+2.42%	+0.09%
JAGBX	Select Bond Trust	0.60%	+2.97%	+5.29%	-0.17%
PMLAX	PIMCO Municipal Bond Fund	0.75%	+1.31%	+5.50%	+1.26%
RHYTX	Tax-Exempt High Yield Bond Fund	0.55%	+2.60%	+6.95%	+2.12%
MBFAX	Allspring Core Bond Fund	0.65%	+6.07%	+5.62%	+2.12%
CMPIX	Core Fixed Income Fund	0.57%	+5.74%	+5.37%	-0.36%
CLMAX	Columbia Mortgage Opportunities Fund	0.73%	+7.27%	+3.63%	+2.31%
FIQZX	Fidelity Intermediate Municipal Income Fund	0.31%	+2.59%	+4.60%	+1.38%
DHRAX	DIAMOND HILL CORE BOND FUND	0.76%	+3.41%	+5.32%	-9.96%
MTBDX	NYLI MacKay Tax Free Bond Fund	0.43%	+4.11%	+5.85%	+1.29%
BKLN	Invesco Senior Loan ETF	0.65%	+7.19%	+8.20%	+5.50%
QCBMFX	College Retirement Equities Fund - Core Bond Account	—	+3.35%	+5.71%	—
CFAMX	Short-Term Bond Fund of America	0.66%	+4.79%	+3.99%	+1.63%
PMNTX	PIMCO National Intermediate Municipal Bond Fund	0.80%	+2.16%	+5.07%	+1.49%
MFIAX	MFS Municipal Income Fund	0.44%	+0.57%	+5.17%	+1.14%
NVHAX	Nuveen Short Duration High Yield Municipal Bond Fund	1.06%	+1.91%	+4.69%	+3.20%
VBLTX	VANGUARD LONG-TERM BOND INDEX FUND	—	—	—	—
QCILFX	College Retirement Equities Fund - Inflation-Linked Bond Account	—	+4.85%	+5.53%	—
STIP	iShares 0-5 Year TIPS Bond ETF	0.03%	+6.10%	+5.09%	+3.81%
SMAMX	ALPS \| Smith Total Return Bond Fund	0.89%	-19.26%	-19.45%	-23.51%
IORHX	Invesco Rochester Municipal Opportunities Fund	1.17%	-2.67%	+2.61%	+1.19%
FGOVX	Fidelity Government Income Fund	0.79%	+2.32%	+2.02%	-1.38%
SPMB	SPDR(R) Portfolio Mortgage Backed Bond ETF	0.04%	+3.33%	+5.03%	-0.27%
FFTQX	Franklin Federal Tax-Free Income Fund	0.49%	+3.42%	+6.44%	+1.36%
LMBS	First Trust Low Duration Opportunities ETF	0.65%	+7.06%	+6.29%	+2.68%
FEHTX	First Eagle High Yield Municipal Fund	0.91%	—	—	—
ACTFX	Invesco High Yield Municipal Fund	1.13%	-2.99%	+0.94%	-0.03%
RPIFX	T. Rowe Price Institutional Floating Rate Fund$1M min	0.57%	+7.51%	+8.88%	+6.68%
TFAIX	T. Rowe Price Floating Rate Fund	0.65%	+7.41%	+8.76%	+6.60%
ABYAX	Abbey Capital Futures Strategy Fund	1.79%	-4.08%	-2.92%	+2.90%
WMBRX	Allspring Municipal Bond Fund	0.74%	+1.03%	+4.50%	+2.66%
DDCPX	Doubleline Shiller Enhanced CAPE	0.49%	+10.54%	+18.25%	+11.67%
HFKFX	Hartford Schroders Tax-Aware Bond Fund	0.46%	+2.73%	+5.78%	+0.81%
JGBZX	JPMorgan Government Bond Fund	1.05%	+2.35%	+1.86%	-1.48%
SGVDX	Allspring Government Securities Fund	0.84%	+2.33%	+1.77%	+1.04%
FIXD	First Trust Smith Opportunistic Fixed Income ETF	0.65%	+2.83%	+2.67%	-1.00%
MSTX	Defiance Daily Target 2X Long MSTR ETF	1.29%	-62.13%	—	—
FSAJX	Fidelity SAI Tax-Free Bond Fund	0.25%	+3.99%	+6.15%	+1.56%
FHYRX	Franklin High Yield Tax-Free Income Fund	0.50%	-0.33%	+3.00%	+1.11%
THIFX	Thornburg Limited Term Income Fund	0.76%	+4.44%	+5.81%	+1.61%
TIMTX	Transamerica Intermediate Muni	0.49%	+3.53%	+6.00%	+0.71%
CRAIX	CCM Community Impact Bond Fund	0.42%	+3.05%	+2.57%	-0.40%
AUGAX	Columbia Quality Income Fund	0.57%	+3.84%	+2.03%	-0.90%
DDLDX	DoubleLine Low Duration Bond Fund	0.70%	+4.94%	+5.95%	+3.10%
VFIRX	VANGUARD SHORT-TERM TREASURY FUND	0.10%	+5.11%	+4.29%	+1.33%
PLFLX	Aristotle Floating Rate Income Fund	1.05%	+6.54%	—	—
UIITX	Victory Core Plus Intermediate Bond Fund	0.41%	+6.60%	+6.79%	+1.37%
MTFHX	NYLI MacKay Strategic Muni Allocation Fund	0.50%	+4.68%	+5.80%	+2.16%
RTEAX	Tax-Exempt Bond Fund	0.80%	-7.54%	-25.58%	-31.41%
LISAX	Lord Abbett Intermediate Tax Free Fund	0.96%	+2.03%	+4.94%	+1.08%
FDMMX	Fidelity Massachusetts Municipal Income Fund	0.45%	+3.75%	+4.94%	+0.86%
MMHKX	MFS Municipal High Income Fund	0.52%	+3.28%	+7.29%	+2.10%
PSDAX	PIMCO Short Duration Municipal Income Fund	0.73%	+3.05%	+3.84%	+1.53%
MXBIX	Empower Bond Index Fund	0.50%	+2.37%	+3.93%	-1.30%
OWMBX	Old Westbury Municipal Bond Fund	0.57%	+4.04%	+3.90%	+0.60%
PIPJX	Inflation Protection Fund	0.85%	+5.23%	+3.92%	+0.91%
UCON	First Trust Smith Unconstrained Bond ETF	0.86%	+5.27%	+5.57%	+2.96%
LANSX	Lord Abbett National Tax-Free Income Fund	1.03%	-0.10%	+5.23%	+0.63%
FIWAX	Fidelity Limited Term Municipal Income Fund	0.25%	+3.47%	+4.16%	+1.39%
MSODX	NYLI MacKay California Muni Fund	0.48%	+2.60%	+6.09%	+1.16%
AIDZX	Diversified Municipal Portfolio	0.41%	+2.46%	+4.50%	+1.59%
AHLAX	American Beacon AHL Managed Futures Strategy Fund	1.85%	-4.27%	-4.10%	+4.19%
TOTL	SPDR DoubleLine Total Return Tactical ETF	0.55%	+3.29%	+5.50%	+0.43%
FHIGX	Fidelity Municipal Income Fund	0.43%	+1.18%	+5.13%	+1.12%
IORUX	Invesco Rochester New York Municipals Fund	0.96%	-5.53%	+1.73%	+0.30%
NVDL	GraniteShares 2x Long NVDA Daily ETF	1.15%	+60.88%	+32.23%	—
DBSCX	DoubleLine Selective Credit Fund$1M min	—	+6.63%	+7.17%	+4.01%
BSNSX	Baird Strategic Municipal Bond Fund	0.55%	+2.88%	+5.56%	+2.12%
FCCIX	Franklin California Intermediate-Term Tax-Free Income Fund	0.74%	+1.01%	+3.61%	+0.16%
HYMAX	Lord Abbett High Income Municipal Bond Fund	1.07%	-0.20%	+5.93%	+1.32%
ILABX	VOYA U.S. BOND INDEX PORTFOLIO	0.76%	+2.55%	+4.33%	-0.83%
BMNSX	Baird Core Intermediate Municipal Bond Fund	0.55%	+2.40%	+4.70%	+1.36%
FKTJX	Franklin New York Tax-Free Income Fund	0.78%	-2.23%	+2.25%	-0.26%
EANAX	Eaton Vance National Municipal Income Fund	0.71%	-0.35%	+4.84%	+0.73%
MIIAX	PRAXIS IMPACT BOND FUND	0.84%	-35.34%	-33.88%	-37.25%
JITAX	JPMorgan National Municipal Income Fund	0.40%	+0.78%	+2.44%	+0.24%
FCITX	Franklin Federal Intermediate-Term Tax-Free Income Fund	1.12%	+1.03%	+2.64%	+0.06%
MFGBX	MFS Government Securities Fund	0.77%	+1.79%	+1.17%	-2.03%
PPNAX	Putnam Strategic Intermediate Municipal Fund	0.90%	+4.51%	+5.62%	+1.93%
ACITX	Inflation-Adjusted Bond Fund	0.54%	+3.63%	+4.52%	+1.24%

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