{
 "ticker": "HAWG",
 "name": "HCM Hedged Equity ETF",
 "issuer": "HCM",
 "desk": "alternatives",
 "url": "https://etfiq.com/funds/hawg",
 "html": "https://etfiq.com/funds/hawg",
 "markdown": "https://etfiq.com/funds/hawg.md",
 "as_of": "2026-10-09",
 "verdict": "HAWG has less than a year of prices, so ETFIQ does not yet measure how it moves with the S&P 500.",
 "key_facts": [
  {
   "key": "total_return_since_launch",
   "label": "Total return since launch",
   "value": "+1.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "HAWG, total return since launch: +1.8%, as of Oct 9, 2026."
  },
  {
   "key": "s_p_500_over_the_same_days",
   "label": "S&P 500 over the same days",
   "value": "+0.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "HAWG, s&P 500 over the same days: +0.5%, as of Oct 9, 2026."
  },
  {
   "key": "against_the_s_p_500",
   "label": "Against the S&P 500",
   "value": "+1.2 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "HAWG, against the S&P 500: +1.2 pts, as of Oct 9, 2026."
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "40",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "HAWG, days it has traded: 40, as of Oct 9, 2026."
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Hedged equity",
   "source": "ETFIQ, from its prospectus",
   "as_of": "2026-10-09",
   "sentence": "HAWG, strategy: Hedged equity (ETFIQ, from its prospectus)."
  }
 ],
 "fields": [
  {
   "key": "issuer",
   "label": "Issuer",
   "value": "HCM",
   "source": null
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Hedged equity",
   "source": "ETFIQ, from its prospectus"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Aug 14, 2026",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "40",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "The fund": "+1.8%",
   "S&P 500": "+0.5%",
   "Difference, percentage points": "+1.2 pts"
  }
 ],
 "questions": [
  {
   "q": "Why is HAWG listed as hedged equity?",
   "a": "ETFIQ files each fund by what its own prospectus says it does, and HAWG\u2019s, filed Jul 16, 2026, describes a hedged equity fund."
  }
 ],
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, HAWG, alternatives ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/hawg"
}