ATLASHedgeye Capital Allocation ETF (HECA): outlook, holdings and fees
Hedgeye Capital Allocation ETF (HECA) is an exchange-traded fund and is managed by Hedgeye Asset Management, LLC. The expense ratio is 1.25% and the yield is 1.07%. The ten largest holdings are 76% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HECA
| Last price | $26.59 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $26.16 – $27.31 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 1.07% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HECA fund facts
| Issuer | Hedgeye Asset Management, LLC |
|---|---|
| Theme | Multi-asset |
| Assets under management | $267M |
| Expense ratio | 1.25% |
| Number of holdings | 16 |
| Inception | Jun 30, 2025 |
| Exchange | NYSE |
The fund seeks to meet its objective by actively managing and allocating its assets in investments that provide exposure across various asset classes (including equities,bonds and other debt instruments, commodities, and currencies), with a focus on maximizing returns over rolling 12-month horizons while seeking to avoid drawdowns or peak-to-trough declines in the fund"s net asset value exceeding 15%. The fund is non-diversified.
HECA top holdings
| Holding | Sector | Weight |
|---|---|---|
| Janus Detroit Street Trust - Janus Henderson AAA CLO ETF JAAA | – | 12.57% |
| VanEck Investment Grade Floating Rate ETF FLTR | – | 11.58% |
| First Trust NASDAQ Cybersecurity ETF CIBR | – | 8.03% |
| BlackRock Institutional Trust Company N.A. 9563 | – | 7.27% |
| The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund XLK | – | 7.35% |
| Panagram Bbb-B Clo ETF CLOZ | – | 6.14% |
| Franklin FTSE Taiwan ETF FLTW | – | 6.13% |
| iMGP DBi Managed Futures Strategy ETF DBMF | – | 5.93% |
| iShares Bitcoin Trust IBIT | – | 5.98% |
| Franklin FTSE Japan ETF FLJP | – | 5.11% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HECA sector breakdown
| Sector | Weight |
|---|---|
| Technology | 69.9% |
| Healthcare | 18.7% |
| Energy | 4.5% |
| Financial Services | 3.0% |
| Industrials | 1.4% |
| Communication Services | 1.3% |
| Basic Materials | 0.7% |
| Consumer Cyclicals | 0.4% |
| Consumer Defensive | 0.1% |
By region: North America 74.5%, Asia Developed 20.7%, Europe Developed 1.8%, Asia Emerging 0.9%, Japan 0.7%.
HECA returns and risk
| Year to date | -0.4% |
|---|---|
| 1 year | +0.8% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
HECA: frequently asked questions
What does HECA invest in?
Hedgeye Capital Allocation ETF invests in a portfolio of securities. Its largest holdings are Janus Detroit Street Trust - Janus Henderson AAA CLO ETF (12.6%), VanEck Investment Grade Floating Rate ETF (11.6%), First Trust NASDAQ Cybersecurity ETF (8.0%), BlackRock Institutional Trust Company N.A. (7.3%), The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund (7.3%).
What is the HECA expense ratio?
1.25% a year: about $125.00 for every $10,000 invested.
What is the HECA dividend yield?
1.07%. ATLAS does not hold the exact distribution dates for ETFs.
Will HECA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $26.16 to $27.31 from $26.59 today. It is a probability, not a prediction.
How has HECA performed?
Year to date -0.4%, one year +0.8%. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer