Skip to content
Beacon

VAIEVegaShares US Equity Autocallable Income ETF

Get incomeStay safeRanked #331 of 342 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.

Annual Cost

—

#5,606 of 5,606 · expensive

Fund Size

—

#5,606 of 5,606 · small

Dividend YieldGoal

—

Track Record

—

#5,606 of 5,606 · young

Performance

Total-return NAV · USD
Growth of $10,000
$9,834-1.7%

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 managed ETF investing primarily in financial instruments providing exposure to the NYSE U.S. 500 Adaptive Vol Autocallable Index. The Fund will invest at least 80% of net assets in US equity-linked synthetic autocallable notes. Uses total return swaps to gain exposure to the Index, with potential investments in short-term U.S. Treasury securities or money market funds. The Laddered Autocall Index consists of a diversified portfolio of synthetic autocallable notes, designed to provide high income with reduced downside risk.

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

What's next?

You've looked at VAIE. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-06-29