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VAIEVegaShares US Equity Autocallable Income ETF

Get incomeStay safeNewRanked #348 of 364 in this goal

Seeks to generate high income while providing reduced downside risk through exposure to the NYSE U.S. 500 Adaptive Vol Autocallable Index.

Launched 2026

Annual Cost

—

#5,913 of 5,913 · expensive

Fund Size

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#5,913 of 5,913 · small

Dividend YieldGoal

—

Track Record

3 months

#5,491 of 5,913 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,432+4.3%

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

Index tracked

NYSE US 500 Adaptive Vol Autocallable Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-4.8%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
NYSE Arca

Full fund details

Objective
Seeks to generate high income while providing reduced downside risk through exposure to the NYSE U.S. 500 Adaptive Vol Autocallable Index.
Strategy
Actively manages a portfolio of synthetic autocallable notes linked to the NYSE U.S. 500 Adaptive Vol Autocallable Index to generate high income while reducing downside risk. The strategy involves investing at least 80% of net assets in financial instruments providing exposure to the Index.
Inception date
May 12, 2026

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 2026-08-15