HECA ETF — Hedgeye Capital Allocation ETF

Hedgeye Capital Allocation ETF (HECA)

Updated October 16, 2026.

HECA is an ETF. its trailing-12-month yield is 2.09%, its expense ratio is 0.81%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 9.1% over the past 1.3 years, 16.2 points behind SPY at 25.3%.

Hedgeye Capital Allocation ETF is an actively managed fund that allocates across multiple asset classes—equities, bonds, commodities, and currencies—with the goal of maximizing returns over 12-month periods while limiting peak-to-trough declines to no more than 15%. The fund carries a modest current distribution rate, paid annually, though the latest distribution was special and may not recur regularly; it charges an expense ratio of 0.81%. This approach may appeal to investors seeking diversified exposure across asset classes with an emphasis on managing downside risk.

HECA performance versus SPY

Price and return data through 2026-10-16.

Total return is 9.1% over the past 1.3 years, 16.2 points behind SPY at 25.3%. Its deepest 1-year drawdown was 13.2%.

HECA key facts

Distribution Safety Score™

50 · Unproven

Issuer

Hedgeye

Asset type

ETF

Asset class

Equity

Inception date

06/30/2025

Expense ratio

0.81%

Distribution frequency

Annual

Trailing yield

2.09%

Last close

$26.75 (as of 2026-10-16)

AUM

$273,222,999

Average volume

70524.0

Dividend

$0.558

Ex-dividend date

12/30/2025

Payment date

12/31/2025

Beta

0.4545

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.09%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Hedgeye; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HECA risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.2%.

Who may consider HECA — and who may not

It is a weaker fit for investors who need monthly cash flow (HECA pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on HECA

• All tickers starting with H

Frequently asked questions

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