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State Street Galaxy Hedged Digital Asset Ecosystem...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US78470P6482
CUSIP
78470P648
Inception Date
Sep 9, 2024
Region
Global (Broad)
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

Share Price Chart


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Performance

HECO Performance Chart

State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is up 15.5% since the beginning of the year. HECO is currently trading at $46 per share.


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S&P 500 Index

Returns By Period

State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) has returned 15.50% so far this year and 94.88% over the past 12 months.


State Street Galaxy Hedged Digital Asset Ecosystem ETF

1D
3.60%
1M
8.67%
YTD
15.50%
6M
-0.80%
1Y
94.88%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
1.02%
1M
3.83%
YTD
0.60%
6M
3.48%
1Y
28.39%
3Y*
18.51%
5Y*
10.79%
10Y*
12.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HECO Monthly Returns History

Based on dividend-adjusted daily data since Sep 10, 2024, HECO's average daily return is +0.20%, while the average monthly return is +3.95%. At this rate, an investment would double in approximately 1.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2024 with a return of +23.0%, 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 53% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202612.41%-2.38%-9.84%16.75%15.50%
202512.32%-15.79%-19.09%5.20%9.65%21.25%2.40%0.84%20.24%11.45%-4.92%-10.37%26.23%
202410.84%10.78%22.97%-15.64%27.37%

Benchmark Metrics

State Street Galaxy Hedged Digital Asset Ecosystem ETF has an annualized alpha of 22.46%, beta of 1.87, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since September 11, 2024.

  • This ETF captured 505.69% of S&P 500 Index gains and 262.80% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • R² of 0.48 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
22.46%
Beta
1.87
0.48
Upside Capture
505.69%
Downside Capture
262.80%

Expense Ratio

HECO has an expense ratio of 0.90%, placing it in the medium range.


Return for Risk

Risk / Return Rank

HECO ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


HECO Risk / Return Rank: 6666
Overall Rank
HECO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
HECO Sortino Ratio Rank: 6161
Sortino Ratio Rank
HECO Omega Ratio Rank: 5656
Omega Ratio Rank
HECO Calmar Ratio Rank: 7777
Calmar Ratio Rank
HECO Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 a chosen benchmark (S&P 500 Index).


HECOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.66

2.17

+0.49

Sortino ratio

Return per unit of downside risk

3.24

3.02

+0.22

Omega ratio

Gain probability vs. loss probability

1.40

1.41

0.00

Calmar ratio

Return relative to maximum drawdown

4.25

2.88

+1.37

Martin ratio

Return relative to average drawdown

12.23

13.00

-0.77

Explore HECO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

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.


0.00%0.50%1.00%1.50%2.00%2.50%$0.00$0.20$0.40$0.60$0.8020242025
Dividends
Dividend Yield
PeriodTTM20252024
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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 4.06%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-44.59%Dec 17, 202476Apr 8, 2025109Sep 15, 2025185
-21.03%Jan 20, 202649Mar 30, 2026
-19.38%Oct 16, 202527Nov 21, 202537Jan 16, 202664
-9.16%Nov 12, 202411Nov 26, 20245Dec 4, 202416
-8.57%Dec 9, 20242Dec 10, 20244Dec 16, 20246

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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