SAPH ETF — SAP SE ADRhedged

SAP SE ADRhedged (SAPH)

Updated October 16, 2026.

SAPH is a low-cost ETF. its trailing-12-month yield is 2.84%, its expense ratio is 0.19%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -14.3% over the past 1.8 years, 46.5 points behind SPY at 32.2%.

SAP SE ADR hedged is an ETF that invests at least 95% of its net assets in American Depositary Receipts of SAP SE, a German software company, while using a currency swap to hedge fluctuations between the U.S. dollar and euro. The fund has a modest asset base and carries an expense ratio of 0.19%; it makes quarterly distributions, though the most recent distribution was special and may not recur regularly. The fund appeals to investors seeking direct exposure to SAP with currency risk mitigation.

SAPH performance versus SPY

Price and return data through 2026-10-16.

Total return is -14.3% over the past 1.8 years, 46.5 points behind SPY at 32.2%. Over the past year its total return — price change plus distributions reinvested — is -11.4%. Its deepest 1-year drawdown was 44.6%.

SAPH key facts

Distribution Safety Score™

50 · Unproven

Issuer

Precidian

Asset type

ETF

Asset class

Equity

Inception date

01/06/2025

Expense ratio

0.19%

Distribution frequency

Quarterly

Trailing yield

2.84%

Last close

$41.98 (as of 2026-10-16)

AUM

$782,299

Average volume

1312.0

Dividend

$0.955

Ex-dividend date

06/16/2026

Payment date

06/23/2026

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 (2.84%) 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: Precidian; 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.

SAPH risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 44.6%.

Who may consider SAPH — and who may not

SAPH may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (SAPH pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SAPH

• All tickers starting with S

Frequently asked questions

More securities from Precidian.