TrueShares ConVex Protect ETF (PVEX)

On our options desk, we are watching how PVEX utilizes its annual option positions laddered across rolling three-period frameworks. The fund aims to capture U.S. large-cap equity participation while mitigating a meaningful portion of downside risk, though the 0.79% expense ratio requires careful evaluation against standard index alternatives.

From a quantitative perspective, watching technical indicators like the SMA20 at 3.05%, SMA50 at 3.70%, and SMA200 at 8.79% gives us a clear look at momentum. With a YTD return of 12.10% and net assets around $59.41M, the fund demonstrates stable tactical flows since its June 2025 inception.

Looking at recent TrueShares insights from early 2026, 2025's market contradictions highlighted the need for tools capable of handling shocks while still capturing AI-driven growth. PVEX fits right into this narrative as an alternative tool designed to fill gaps in traditional investing amid high mega-cap tech concentration.

As a risk manager reviewing the fund's regulatory updates—including its recent name transition from TrueShares ConVex Protect ETF to TrueShares ConVequity ETF—the core objective remains clear: seeking capital appreciation with lower downside volatility through tactical multi-asset option overlays.

When analyzing PVEX's portfolio execution, the active management by TrueMark Investments utilizing Cboe BZX listings provides transparent execution parameters. We are closely monitoring how the 19 primary holdings and broader option overlays manage risk during high-volatility windows.