- ISIN
- US78470P6482
- CUSIP
- 78470P648
- Issuer
- State Street
- Inception Date
- Sep 9, 2024
- Region
- Global (Broad)
- Category
- Blockchain, Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $87M
Share Price Chart
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Performance
HECO Performance Chart
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is up 68.7% since the beginning of the year. HECO is currently trading at $67 per share.
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Returns By Period
State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) has returned 68.70% so far this year and 121.05% over the past 12 months.
State Street Galaxy Hedged Digital Asset Ecosystem ETF
- 1D
- -0.20%
- 1M
- 6.32%
- YTD
- 68.70%
- 6M
- 60.62%
- 1Y
- 121.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
HECO Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2024, HECO's average daily return is +0.26%, while the average monthly return is +5.68%. At this rate, an investment would double in approximately 1.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was May 2026 with a return of +34.7%, while the worst month was Mar 2025 at -19.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, HECO closed higher 54% of trading days. The best single day was Nov 6, 2024 with a return of +12.1%, while the worst single day was Jan 27, 2025 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.41% | -2.38% | -9.84% | 26.38% | 34.67% | 0.19% | 68.70% | ||||||
| 2025 | 12.32% | -15.79% | -19.09% | 5.20% | 9.65% | 21.25% | 2.40% | 0.84% | 20.24% | 11.45% | -4.92% | -10.37% | 26.23% |
| 2024 | 12.21% | 10.78% | 22.97% | -15.64% | 28.95% |
Benchmark Metrics
State Street Galaxy Hedged Digital Asset Ecosystem ETF has an annualized alpha of 38.57%, beta of 1.89, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since September 10, 2024.
- This ETF captured 602.50% of S&P 500 Index gains and 236.23% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 38.57%
- Beta
- 1.89
- R²
- 0.49
- Upside Capture
- 602.50%
- Downside Capture
- 236.23%
Expense Ratio
HECO has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HECO ranks 91 for risk / return — in the top 91% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) 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.
| HECO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.30 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 2.29 | +3.50 |
| Martin ratioReturn relative to average drawdown | 16.52 | 10.09 | +6.44 |
Dividends
Dividend History
State Street Galaxy Hedged Digital Asset Ecosystem ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.82 |
Dividend yield | 0.00% | 0.00% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Galaxy Hedged Digital Asset Ecosystem ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.82 | $0.82 |
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 State Street Galaxy Hedged Digital Asset Ecosystem 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 State Street Galaxy Hedged Digital Asset Ecosystem ETF was 44.59%, occurring on Apr 8, 2025. Recovery took 109 trading sessions.
The current State Street Galaxy Hedged Digital Asset Ecosystem ETF drawdown is 3.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -44.59%Apr 2025 | 3mo 22d | 5mo 10d | 9mo 2dDec 2024 - Sep 2025 |
2026 bear market2026 | -21.03%Mar 2026 | 2mo 9d | 16d | 2mo 25dJan 2026 - Apr 2026 |
2025 correction2025 | -19.38%Nov 2025 | 1mo 6d | 1mo 26d | 3mo 2dOct 2025 - Jan 2026 |
2024 pullback2024 | -9.16%Nov 2024 | 14d | 8d | 22dNov 2024 - Dec 2024 |
2024 pullback2024 | -8.57%Dec 2024 | 1d | 6d | 7dDec 2024 - Dec 2024 |
Drawdown Indicators
| HECO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -56.78% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -21.03% | -9.10% | -11.93% |
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 DrawdownCurrent decline from peak | -3.72% | -3.32% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -10.71% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 2.06% | +5.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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