What is VEGA?

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

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VEGA 3.58% -0.44% -13.97% -12.84% 2.05% 3.43% 3.98%
VEGA (NAV) 3.54% -0.38% -13.91% -12.73% 2.05% 3.36% 4.00%
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VEGA Factset Analytics Insight

VEGA is a fund-of-funds that invests globally and uses a well-known options strategy applied across asset classes in its aim for consistent returns in up or down markets. ETPs are selected based on size, historical track record, diversification among indices, the correlation of an index to other indices and an ability to write covered call options. Individual securities are screened using fundamental, behavior, qualitative and macro-economic data. 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. Investors should note that covered calls don’t do well when the underlying roars up.

VEGA Summary Data

AdvisorShares
09/17/12
2.03%
$39.26M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
+$0.00B 90 Days

VEGA Portfolio Data

Tactical Asset Allocation
0.64%
N/A
32

VEGA Index Data

No Underlying Index
Proprietary
Proprietary
N/A

VEGA Portfolio Management

2.03%
--
--
--

VEGA Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

VEGA Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
Medium
Daily

Factset Analytics Block Liquidity

As of 11/30/22

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

VEGA Tradability

2,534
$84.72K
1,744
$60.80K
0.56%
$0.19
0.03%
0.85% / -0.77%
None
100.00%
25,000
0.07
0.05%
0.03%
0
$35.37
N/A

VEGA Asset Allocation

Short
Long
Net
Equity
--
--
--
Fixed Income
--
--
--
Commodities
--
--
--
Currency
--
--
--

VEGA Performance Statistics

-12.73%
5.55%
-7.54%
-0.05
-0.08
0.02
0.86

VEGA Top 5 Holdings Short

-0.09%
-0.05%

VEGA Correlations (Daily Returns 12 Mo)

0.96
0.42
0.12