{"url":"https://etfiq.com/compare/alternatives/attr-vs-zhdg","section":"compare","title":"ATTR vs ZHDG: Correlation to the S&P 500 | ETFIQ","description":"ATTR and ZHDG both run hedged equity strategies. Over the year to Oct 27, 2026, ATTR had a correlation of +0.91 with the S&P 500 and ZHDG +0.97.","as_of":"Oct 27, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, ATTR or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Oct 27, 2026, ATTR\u2019s weekly returns had a correlation of +0.91 with the S&P 500 and ZHDG\u2019s +0.97, so ATTR moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, ATTR or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"In the 25 weeks the S&P 500 fell, by 1.10% a week on average, ATTR averaged \u22120.14% and ZHDG \u22121.07%, so ATTR returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, ATTR or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, ATTR finished 3.8 percentage points ahead of cash and ZHDG finished 1.9 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, ATTR or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"ATTR charges 0.63% a year and ZHDG charges 0.95%, so ATTR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"ATTR vs ZHDG","item":"https://etfiq.com/compare/alternatives/attr-vs-zhdg"}]},{"@type":"WebPage","name":"ATTR vs ZHDG: Correlation to the S&P 500","description":"ATTR and ZHDG both run hedged equity strategies. Over the year to Oct 27, 2026, ATTR had a correlation of +0.91 with the S&P 500 and ZHDG +0.97.","url":"https://etfiq.com/compare/alternatives/attr-vs-zhdg","dateModified":"2026-10-27","abstract":"Over the year to Oct 27, 2026, ATTR moved less with the S&P 500 than ZHDG: correlation +0.91 against +0.97.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ATTR and ZHDG","description":"ATTR and ZHDG both run hedged equity strategies. Over the year to Oct 27, 2026, ATTR had a correlation of +0.91 with the S&P 500 and ZHDG +0.97.","dateModified":"2026-10-27","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/attr-vs-zhdg","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6856,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / ATTR vs ZHDG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 27, 2026 .\n\n ATTR vs ZHDG: Correlation to the S&P 500\n\n Over the year to Oct 27, 2026, ATTR moved less with the S&P 500 than ZHDG: correlation +0.91 against +0.97.\n Copy this for sharing \n \n ATTR costs 0.32 points a year less.\n ATTR and ZHDG at a glance. As of Oct 27, 2026. Source: ETFIQ. ATTR ZHDG \n Expense ratio 0.63% 0.95% \n Net assets, ATTR as of Jun 30, 2026 and ZHDG as of Jul 31, 2026 $96m $35m \n Total return, 1 year not published +5.9% \n Holdings in common not published \n \n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ATTR against ZHDG, data as of Oct 27, 2026. https://etfiq.com/compare/alternatives/attr-vs-zhdg","a":{"ticker":"ATTR","name":"Arin Tactical Tail Risk ETF","issuer":"Arin","desk":"alternatives","as_of":"2026-10-27","verdict":"From its Oct 28, 2025 launch to Oct 27, 2026, ATTR returned 7.5%, against 13.3% for VOO.","url":"https://etfiq.com/funds/attr","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.91","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.21","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"12.8%","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+3.8 pts","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$96m","as_of":"2026-06-30","source":"SEC N-PORT, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"0.63%","as_of":"2025-09-12","source":"497 XBRL, Sep 12, 2025"}]},"b":{"ticker":"ZHDG","name":"ZEGA Buy and Hedge ETF","issuer":"Zega","desk":"alternatives","as_of":"2026-10-27","verdict":"Over the year to Oct 27, 2026, ZHDG returned 5.9%. When the S&P 500 fell, it fell about as much.","url":"https://etfiq.com/funds/zhdg","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.97","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.86","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"97.8%","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+1.9 pts","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"2.5%","as_of":"2026-10-27","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 24, 2025","value":"$0.5805","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$35m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-08-26","source":"485BPOS XBRL, Aug 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/attr-vs-zhdg"}