Hedgeye Capital Allocation ETF (HECA)

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The chart shows the growth of an initial investment of $10,000 in Hedgeye Capital Allocation ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since Jul 1, 2025, HECA's average daily return is +0.09%, while the average monthly return is +1.90%. At this rate, your investment would double in approximately 3.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2025 with a return of +7.0%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.

On a daily basis, HECA closed higher 53% of trading days. The best single day was Oct 13, 2025 with a return of +3.0%, while the worst single day was Oct 10, 2025 at -2.6%.

Hedgeye Capital Allocation ETF has an annualized alpha of 20.04%, beta of 0.59, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since July 02, 2025.

• This ETF captured 166.15% of S&P 500 Index gains but only 22.54% of its losses — a favorable profile for investors.
• Beta of 0.59 may look defensive, but with R² of 0.30 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.30 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

HECA has a high expense ratio of 1.02%, indicating above-average management fees.

The table below present risk-adjusted performance metrics for Hedgeye Capital Allocation ETF (HECA) and compare them to a chosen benchmark (S&P 500 Index).

Hedgeye Capital Allocation ETF provided a 1.93% dividend yield over the last twelve months, with an annual payout of $0.56 per share.

The table displays the monthly dividend distributions for Hedgeye Capital Allocation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Hedgeye Capital Allocation 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 Capital Allocation ETF was 6.33%, occurring on Mar 31, 2026. The portfolio has not yet recovered.

The current Hedgeye Capital Allocation ETF drawdown is 6.33%.

The chart below shows the rolling one-month volatility.