VEGA

AdvisorShares STAR Global Buy-Write ETF
*Unless otherwise stated, data provided by FactSet.

VEGA Fund Description

VEGA is an actively managed fund that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk.

VEGA Factset Analytics Insight

VEGA uses a well-known options strategy applied across asset classes in its aim for consistent returns in up or down markets. Covered-call strategies have been available to ETP investors for years, but VEGA, launched in September 2012, offers some new twists. First, it covers a broader range of assets including emerging market equities as well as T-bonds and metals. VEGA also buys out-of-the-money protective puts on some underlying assets. This strategy earns income from the option premiums while forgoing some upside and hedging some downside. Covered calls don’t do well when the underlying roars up—as equities have over the past 12 months. Returns have been mediocre while correlations have been high. The fund’s $20M+ AUM may not seem like much but passes for a decent launch in this space. Still, VEGA has far to go to achieve solid viability.

VEGA Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VEGA 0.05% 3.50% 15.68% 8.21% 7.46% 4.78% --
VEGA (NAV) 0.92% 3.76% 16.82% 10.97% 7.56% 4.98% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VEGA Summary Data

AdvisorShares
09/17/12
Open-Ended Fund
2.04%
$15.03M
$10.08K
0.97%

VEGA Portfolio Data

Tactical Asset Allocation
0.38%
12/27/19
15

VEGA Index Data

No Underlying Index
Proprietary
Proprietary
N/A

VEGA Portfolio Management

2.04%
--
--
--

VEGA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

VEGA Fund Structure

Open-Ended Fund
Yes
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

VEGA Factset Analytics Block Liquidity

As of 12/05/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of VEGA. VEGA is rated a 3 out of 5.

VEGA Tradability

307
$10.08K
92
0
0.97%
$0.32
-0.27%
0.76% / -1.07%
None
100.00%
25,000
0.00
0.06%
0.26%
0
$33.57
3

VEGA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

VEGA Top 5 Holdings Long

9.30%

VEGA Top 5 Holdings Short

-0.05%

VEGA Performance Statistics

10.97%
6.13%
-3.99%
0.05
0.06
-0.21
4.78

VEGA Correlations (Daily Returns 12 Mo)

0.94
-0.29
0.35