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Sunday, August 23, 2026The Morning Brief →Sign in

Quadratic Interest Rate Volatility and Inflation Hedge ETF New

$17.48-0.23% today
17.162052-WK

The fund is actively managed and seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury Inflation-Protected Securities ("TIPS") and long options tied to the shape of the U.S. interest rate curve. It is non-diversified.

Price & daily flows
19.5518.6817.8217.48DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned -8.4% so far this year. At 1.03% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$779Massets under management
1.03%expense ratio · $103 per $10,000 a year
net flow, trailing month
195Kavg daily volume, 30 days
12holdings · US-domiciled
2019listed May 13, 2019 · beta -0.00
Sector weights
Cash & Others100%
Other100%
ETF84.93%
Rights & Warrants12.1%
Cash2.98%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States68.59%
Other31.41%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.2%
1 month+1.7%
3 months-2.3%
6 months-8.0%
YTD-8.4%
1 year-12.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
6%realized volatility, 30 days (annualized)
6%realized volatility, 1 year
-15.0%deepest fall from a peak, 1 year
-13.5%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
90Kshares traded
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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