VESH

Virtus Enhanced Short U.S. Equity ETF
*Unless otherwise stated, data provided by FactSet.

VESH Fund Description

The Virtus Enhanced Short U.S. Equity ETF is an actively managed fund that takes short positions in US equity index futures. The fund aims to outperform -100% of the total return of the S&P 500 Index.

VESH Factset Analytics Insight

For bearish equity investors, VESH makes an intriguing offer: inverse exposure to US large-caps, with the potential for outperformance of a simple -1x position. At each monthly rebalance, half of the portfolio is used to sell short S&P 500 futures. For the other half, the fund measures the trailing nine-month performance of each S&P 500 sector sub-index, taking short futures positions in the five weakest sectors. The five sectors are weighted proportionally to their weight in the broader index. The strategy amounts to a momentum play—a bet that underperforming sectors will continue to underperform. Monthly rebalancing and a reasonable fee make the fund suitable for longer holding periods compared to its daily-reset competitors. However, VESH is not a buy-and-hold product, so be sure to account for trading costs. As an active fund, VESH isn’t obligated to follow its strategy to the letter, but any deviations are likely to be technical (e.g., substituting short index ETFs for short index futures) rather than strategic.

VESH CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/21/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VESH -0.75% -2.12% -7.22% -13.09% -- -- --
VESH (NAV) -1.68% -6.39% -8.11% -13.89% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VESH Summary Data

Virtus
06/26/17
Open-Ended Fund
0.55%
$1.04M
1.32%

VESH Portfolio Data

0.10%
N/A

VESH Index Data

No Underlying Index
Proprietary
Proprietary
N/A

VESH Fund Structure

No
N/A
No Policy
N/A
N/A
High
-1
None

VESH Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

VESH Factset Analytics Block Liquidity

As of 09/24/18
5
4
3
2
1

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

VESH Tradability

526
$12.95K
0
0
1.32%
$0.28
0.26%
3.39% / -5.97%
None
0.00%
50,000
0
0.05%
--
--
$20.93
N/A