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Hedgeye Index Adds ETF (ADDS)

ETF · Currency in USD · Last updated Jul 8, 2026

Hedgeye Index Adds ETF is an actively managed equity fund that seeks long-term capital appreciation by systematically positioning ahead of expected forced buying from index funds when new constituents are added to major U.S. equity indices, including the S&P 500, S&P 400, S&P 600, and Nasdaq-100. The fund uses proprietary machine learning models to forecast likely index additions, holds up to 40 names that satisfy or are close to satisfying inclusion requirements, and exits positions at the close on the day a company is added to its target index. By rule, the fund never holds a current S&P 500 constituent.

Issuer
Hedgeye
Inception Date
May 27, 2026
Region
North America (U.S.)
Category
Multi-factor
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Distributing
Asset Class
Equity

Share Price Chart

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Hedgeye Index Adds ETF

Performance

ADDS Performance Chart

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S&P 500 Index

Returns By Period

Hedgeye Index Adds ETF

1D
-1.40%
1M
0.64%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
-0.45%
1M
1.63%
6M
8.05%
YTD
9.62%
1Y
20.45%
3Y*
19.48%
5Y*
11.67%
10Y*
13.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ADDS Monthly Returns History

Based on dividend-adjusted daily data since May 28, 2026, ADDS's average daily return is +0.17%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.

Historically, 67% of months were positive and 33% were negative. The best month was Jun 2026 with a return of +6.3%, while the worst month was Jul 2026 at -3.8%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 1 months.

On a daily basis, ADDS closed higher 63% of trading days. The best single day was Jun 2, 2026 with a return of +7.6%, while the worst single day was Jun 5, 2026 at -7.0%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.05%6.32%-3.77%3.38%

Expense Ratio

ADDS has an expense ratio of 0.70%, placing it in the medium range.

Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Hedgeye Index Adds ETF (ADDS) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ADDSBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

—

1.64

—

Sortino ratioReturn per unit of downside risk

—

2.27

—

Omega ratioGain probability vs. loss probability

—

1.30

—

Calmar ratioReturn relative to maximum drawdown

—

2.26

—

Martin ratioReturn relative to average drawdown

—

9.82

—

Dividends

Dividend History

Hedgeye Index Adds ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Hedgeye Index Adds ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Hedgeye Index Adds ETF was 10.64%, occurring on Jun 10, 2026. The portfolio has not yet recovered.

The current Hedgeye Index Adds ETF drawdown is 6.36%.

Related event

Drawdown

Fall

Recovery

Underwater

2026 correction2026
-10.64%Jun 2026
5d—
1mo 3dJun 2026 - now

Drawdown Indicators

ADDSBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-10.64%

-56.78%

+46.14%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.10%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.90%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.43%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.92%

—

Current Drawdown

Current decline from peak

-6.36%

-1.39%

-4.97%

Average Drawdown

Average peak-to-trough decline

-4.07%

-10.71%

+6.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.09%

—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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