What this ETF is trying to do

The ADVISORSHARES STAR GLOBAL BUY-WRITE ETF (ticker: VEGA) is an exchange-traded fund (ETF). Based on its name and holdings, it seeks to provide exposure to a variety of global assets, including stocks and bonds from different regions around the world.

What the numbers show

To understand how this ETF has performed, we look at two different types of returns: price return and total return.

Price Return only looks at the change in the share price. Over the last year, the one-year price return was approximately 8.11%. To put this into perspective, if you had invested $10,000 exactly one year ago, your shares would be worth about $10,811 today based on this price change alone. The current price is $52.90, while the estimated price from roughly one year ago was $48.93.

Total Return looks at the overall return, which includes both the share-price movement and any distributions (like cash payments) the fund made. For the last year, the total return was approximately 9.56%. This is higher than the price return because it counts the extra money paid out to investors.

Over a longer period, the three-year price return was about 46.56%, while the three-year total return was approximately 51.75%. For this year so far (YTD), both the price return and the total return are 7.72%.

Income and distribution explanation

This ETF provides a distribution yield of approximately 1.25%. This means it pays out cash to investors based on its current share price. The fund paid out $0.66 in trailing distributions. These payments happen on an irregular or less frequent basis. It is important for new investors to know that a high distribution yield does not automatically mean the total return will be high, as the share price could go up or down at the same time.

NAV erosion explanation

StockValueFinder uses an "erosion score" to check for signs of NAV erosion. NAV erosion happens when the underlying value of an ETF's assets starts to drop significantly over time. For VEGA, the erosion score is 100, and the label states "No price erosion detected." Additionally, there is no severe erosion-risk flag on this fund.

Pros

• The fund has shown positive returns over one-year and three-year periods.

• There is currently no detected price erosion.

Cons

• Distributions are paid out irregularly rather than on a set schedule.

Beginner takeaway

VEGA provides a way to invest in global assets with a mix of stocks and bonds. While the share price has grown over the last year, the total return is higher because it includes distributions. The data shows no signs of NAV erosion at this time.

Top Holdings (as of October 8, 2026):

• STATE STREET® SPDR® S&P® 500® ETF (SPY): 41.58%

• ISHARES CORE UNIVERSAL USD BOND ETF (IUSB): 16.30%

• ISHARES MSCI EAFE ETF (EFA): 10.68%

• ISHARES U.S. EQUITY FAC ROTATION ACT ETF (DYNF): 7.56%

• ISHARES US TREASURY BOND ETF (GOVT): 5.91%

• ISHARES MSCI EMERGING MARKETS ETF (EEM): 5.34%

• ISHARES RUSSELL MID-CAP GROWTH ETF (IWP): 3.90%

• ISHARES MBS ETF (MBB): 3.60%

• ISHARES GOLD TRUST (IAU): 1.60%

*Note: Holdings can change over time.*