NYSE® Zebra Edge® Index

A behavioral finance strategy designed to provide consistent returns

  • Objective – Aims to achieve higher returns with less risk than a traditional large-cap equity strategy
  • Approach – Behavioral finance selection
  • Holdings – U.S. large-cap equities, U.S. Treasuries, cash
  • Features – Equity portfolio drawn from the 500 largest publicly traded U.S. companies1
  • Ticker – ZEDGENY

“Behavioral finance could be the key to higher returns with less risk.”

Roger G. Ibbotson, PhD.

  • Chairman and Director of Research, Zebra Capital Management, LLC
  • Professor in the Practice Emeritus of Finance, Yale School of Management
  • Founder of Ibbotson Associates, now a Morningstar Company

Zebra equity selection process

Zebra 500 US Equities

The NYSE® Zebra Edge Index applies a risk control methodology that can make daily adjustments to the allocation between having a leveraged exposure to Zebra Equities, U.S. Treasuries* and an interest-free cash account. This daily reallocation is designed to further reduce risk by targeting a volatility level of 5%. While this can lessen the impact of market downturns, it may also limit upside po*tential.

*U.S. Treasuries are tracked through U.S. Treasury futures.

Sector breakdown & index weighting

Zebra Pie Chart

Zebra Capital Management, LLC is an independent investment management firm managing equity-focused investment strategies. Founded in 2001 by Roger Ibbotson, Professor Emeritus of Finance at Yale University, Zebra has successfully combined his leading-edge research and scientific methods with decades of direct trading, risk management, and operational experience. Zebra’s strategies seek to generate superior performance without incurring additional volatility.