ETFIQetfiq.com · independent ETF data
HAWG HCM Hedged Equity ETF
Hedged equity fund: owns stocks and pays for protection against a fall, most often with put optionsHCMFirst traded Aug 14, 2026SEC filings ↗Every HCM fund ETFIQ covers
HAWG has less than a year of prices, so ETFIQ does not yet measure how it moves with the S&P 500.
+1.8%
Total return since launch
+0.5%
S&P 500 over the same days
+1.2 pts
Against the S&P 500
40
Days it has traded
Not a full year of prices yet.
| Window | The fund | S&P 500 | Difference, percentage points |
|---|---|---|---|
| Since launch Aug 14 – Oct 9, 2026 | +1.8% | +0.5% | +1.2 pts |
Source: ETFIQ.
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Head to head
In plain words
IssuerHCM
Strategy (ETFIQ, from its prospectus)Hedged equity
Expense rationot read by ETFIQ
First tradedAug 14, 2026
Days traded40
Quotedon an exchange, every trading day
How this is computed
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. How these figures are computed
Questions people ask about HAWG
- Why is HAWG listed as hedged equity?
- ETFIQ files each fund by what its own prospectus says it does, and HAWG’s, filed Jul 16, 2026, describes a hedged equity fund.
Sources and dates
Prices, HAWG and S&P 500Prices, Tiingo end of day ↗
Fee, not read by ETFIQ
IssuerHCM website ↗
All fund filingsFund filings on SEC EDGAR ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this page
ETFIQ, HAWG, alternatives ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/hawg
ETFIQ. (Oct 9, 2026). HAWG, alternatives ETFs. Retrieved from https://etfiq.com/funds/hawg
[HAWG, alternatives ETFs (ETFIQ, Oct 9, 2026)](https://etfiq.com/funds/hawg)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same figure as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
HAWG, Alternatives ETFs, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.