US Hedged Equity Laddered Overlay Active UCITS ETF

US Hedged Equity Laddered Overlay Active UCITS ETF

About

US Hedged Equity Laddered Overlay Active UCITS ETF (IE000VAZZYM3) is a UCITS-compliant equity ETF tracking the S&P 500 (Total Return Net).. With a TER of 0.5%, its costs are on the higher end for an ETF, reinvesting dividends. The fund holds 154 positions across 1 region with 14M in assets, with heavy concentration — 102% in United States, 40% in Technology.

ISIN
Fund Size €14.4M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Oct 2025
Base Currency USD
Index S&P 500 (Total Return Net).
Asset Class Equities
Category US Equity

Costs

7.6
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Holdings

4.6
With only 154 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
NVIDIA Corp
0.09%
#2
Apple Inc
0.07%
#3
Microsoft Corp
0.06%
#4
Amazon.com Inc
0.05%
#5
Broadcom Inc
0.04%
#6
Alphabet Inc
0.04%
#7
Alphabet Inc
0.02%
#8
Meta Platforms Inc
0.02%
#9
Cash and Cash Equivalent
0.02%
#10
Micron Technology Inc
0.02%

Sectors

8.3
This fund is well-diversified across 12 sectors, with no single sector dominating.

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.

Nerd Stuff

Advanced risk and return metrics (2025-10-06 — 2026-04-17).
6.0%
Volatility
-5.8%
Max Drawdown
0.21
Sharpe Ratio
0.31
Sortino Ratio
0.22
Calmar Ratio
0.25
Beta
0.52%
Alpha (Jensen's)
0.137
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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