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PVEXTrueShares ConVequity ETF

Get income1y track recordRanked #1,350 of 1,650 in this goal

Seeks capital appreciation with lower volatility relative to the broader U.S. large cap equity market.

By TrueShares · Launched 2025

Annual Cost

0.82%

#4,402 of 5,861 · expensive

Fund Size

$58M

#3,504 of 5,861 · mid-size

Dividend YieldGoal

0.18%

Track Record

1 year

#4,432 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,681+16.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 90.1% of fundconcentrated

State Street SPDR Portfolio Sh
31.6%
Treasury Bill
10.6%
Treasury Bill
10.6%
Treasury Bill
10.5%
Treasury Bill
10.3%
Janus Henderson AAA CLO ETF
6.7%
APEX Tech Acquisition Inc
3.6%
The Options Clearing Corp
2.7%
The Options Clearing Corp
2.0%
The Options Clearing Corp
1.6%

Asset allocation

Bonds
55.9%
Stocks
31.4%
Cash
12.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.9%Moderate

Year-on-year price swings

Max drawdown
-7.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation with lower volatility relative to the broader U.S. large cap equity market.
Strategy
Actively manages a portfolio to provide partial exposure to U.S. large cap equity while mitigating downside risk. Invests in income-generating securities and uses options strategies to achieve capital appreciation with lower volatility.
Inception date
June 27, 2025
Fund family
TrueShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04