DHSB ETF — Day Hagan Smart Buffer ETF

Day Hagan Smart Buffer ETF (DHSB)

Updated October 16, 2026.

DHSB is an ETF. its trailing-12-month yield is 1.17%, its expense ratio is 0.82%. Total return is 11.6% over the past 1.7 years, 16.0 points behind SPY at 27.6%.

Day Hagan Smart Buffer ETF is an actively managed ETF that invests principally in U.S.-listed exchange-traded funds tracking broad equity indexes, individual equities within those indexes, and options or options spreads on U.S. equity investments to seek downside protection. The fund carries an expense ratio of 0.82% and has a minimal current distribution rate; its latest distribution was special and may not recur. This ETF appeals to equity investors seeking structured downside protection through an options-based strategy rather than traditional buy-and-hold exposure.

DHSB performance versus SPY

Price and return data through 2026-10-16.

Total return is 11.6% over the past 1.7 years, 16.0 points behind SPY at 27.6%. Over the past year its total return — price change plus distributions reinvested — is 8.4%. Its deepest 1-year drawdown was 3.3%.

DHSB key facts

Issuer

Day Hagan

Asset type

ETF

Asset class

Equity

Inception date

02/13/2025

Expense ratio

0.82%

Trailing yield

1.17%

Last close

$27.62 (as of 2026-10-16)

AUM

$40,414,150

Average volume

188.0

Dividend

$0.324

Ex-dividend date

12/29/2025

Payment date

12/30/2025

Beta

0.3144

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.17%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Day Hagan; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DHSB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.3%.

Who may consider DHSB — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DHSB

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

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