ETF Evaluator:
VegaShares SPX NDX RTY Premium Inc ETF ()
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(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
VegaShares SPX NDX RTY Premium Inc ETF Overview
VegaShares SPX NDX RTY Premium Inc ETF (ODTE) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Vega Capital Partners LLC launched the ETF in 2026.
The investment seeks current income and secondarily capital appreciation.
The fund has adopted a non-fundamental investment policy that, under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the constituents of the S&P 500® Index, Nasdaq-100 Index®, and/or (iii) Russell 2000® Index and/or instruments linked to the constituents of these indexes. The fund is non-diversified.
About VegaShares SPX NDX RTY Premium Inc ETF (ODTE)
There are 1 members of the management team with an average tenure of 0.33 years: Sunny Wong (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
VegaShares SPX NDX RTY Premium Inc ETF has 9 securities in its portfolio. The top 10 holdings constitute 100.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VegaShares SPX NDX RTY Premium Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. VegaShares SPX NDX RTY Premium Inc ETF has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1% There is 1.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VegaShares SPX NDX RTY Premium Inc ETF has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ODTE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VegaShares SPX NDX RTY Premium Inc ETF expense ratio is above average compared to funds in the Derivative Income category. VegaShares SPX NDX RTY Premium Inc ETF has an expense ratio of 0.76%, which is 9% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VegaShares SPX NDX RTY Premium Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, VegaShares SPX NDX RTY Premium Inc ETF returned -3.7%, which earned it a grade of D, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VegaShares SPX NDX RTY Premium Inc ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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ODTE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ODTE Return (NAV) | -3.7% | -0.7% | na | na | na | na |
| ODTE Return (Price) | -3.8% | -0.7% | na | na | na | na |
| NAV +/- Price Return | 0.143% | -0.065% | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| ODTE Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -2.1% | -1.3% | na | na | na | na |
| ODTE Tax-Cost Ratio | na | na | na | na | na | na |
ODTE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ODTE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ODTE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| ODTE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | na |
| Expense Ratio: | 0.76% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Wong Sunny (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 9 |
| % in Top 10 Holdings: | 100.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 97.1% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.6% |
| Cash: | 1.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Vega Capital Partners LLC |
| Phone Number: | 888-862-3299 |
| Website: | |
| Inception Date: | April 1, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.76% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.83% |
