Hedgeye Capital Allocation ETF

HECA

Market cap $401M

The Hedgeye Capital Allocation ETF is 7% of my overall portfolio. HECA has outperformed the S&P 500 since inception and year-to-date. Offering an actively managed and actively traded product, with an aversion to drawdowns, HECA is a unique product that offers excellent diversification.

Hedgeye Capital Allocation ETF is a rules-based, actively managed ETF that uses a proprietary algorithm to rotate through a diverse basket of 140+ ETFs. The fund's core objective is to achieve long-term growth while aggressively managing downside risk, specifically aiming to prevent drawdowns from exceeding 15%. As of early 2026, the fund is notably underweight in high P/E U.S. equities (like the S&P 500 and Nasdaq) and long-duration bonds.

Hedgeye Asset Management rolled out its first actively managed ETF, one that's designed for resilience, if not returns. The Hedgeye Capital Allocation ETF HECA debuted today with a goal: pursue long-term capital appreciation with less than 15% portfolio drawdowns.

STAMFORD, Conn. , July 1, 2025 /PRNewswire/ -- Hedgeye Asset Management, LLC ("HAM"), a subsidiary of Hedgeye Risk Management, LLC, today announced the launch of the Hedgeye Capital Allocation ETF (NYSE: HECA)— an actively managed ETF that seeks long-term capital appreciation by maximizing total returns across global market cycles, while avoiding drawdowns exceeding 15%.