HBMX - ETF AI Analysis
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Tuttle Capital Concentrated Memory Stack ETF (HBMX)
Rating:63Neutral
Price Target:―
Positive Factors
Strong Top Holdings Performance
Most of the largest positions have shown strong gains so far this year, which has helped lift the ETF’s overall returns.
Focused Exposure to Technology
The fund is heavily invested in technology companies, allowing investors to target a high-growth area of the market.
Clear Positive Year-to-Date Return
The ETF has delivered a positive return so far this year, indicating that its strategy has recently been working in investors’ favor.
Negative Factors
High Sector Concentration
With almost all assets in technology, the fund is very sensitive to downturns in this single sector.
Limited Geographic Diversification
The ETF is almost entirely invested in U.S. companies, offering little protection if the U.S. market weakens.
Relatively High Expense Ratio
The fund charges a relatively high annual fee, which can eat into long-term returns compared with lower-cost ETFs.
HBMX vs. SPDR S&P 500 ETF (SPY)
AUM29.24M
RegionGlobal
Expense Ratio0.95%
Beta2.93
IssuerTuttle Capital
Inception DateJun 02, 2026
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume54,199
30 Day Avg. Volume143,300
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
29.81Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HBMX Summary
HBMX is the Tuttle Capital Concentrated Memory Stack ETF, a fund that focuses on companies involved in computer memory chips rather than the whole tech market. It targets the “memory stack” used in AI, cloud computing, and data centers. Well-known holdings include Micron and Applied Materials, which help design or make memory chips and the equipment used to produce them. Someone might invest in HBMX if they want a focused way to try to benefit from long-term growth in AI and data demand. However, this ETF is concentrated in one tech niche, so its price can swing up and down more than a diversified fund.
How much will it cost me?This ETF has an expense ratio of 0.95%, which means you’ll pay about $9.50 per year for every $1,000 invested. That’s higher than the average ETF because it’s actively managed and focuses on a specialized niche in memory semiconductor stocks, which typically costs more to run than broad, passive index funds.
What would affect this ETF?HBMX could benefit if demand for AI, cloud computing, and data centers keeps growing, since its concentrated mix of global memory chip makers and equipment suppliers like Micron, ASML, and Applied Materials is closely tied to these trends. On the downside, the fund may be hurt by rising interest rates, slowdowns in tech spending, sharp swings in the semiconductor cycle, or new trade and export rules that restrict global chip and equipment sales.
HBMX Top 10 Holdings
HBMX is a pure play on the global memory chip boom, with Micron and SK Hynix acting as the main engines of performance thanks to their strong, AI-fueled momentum despite some recent wobbling. Penguin Solutions has been a rising star, giving the fund an extra boost, while Onto Innovation and ASML provide steady support from the equipment side. On the flip side, names like Camtek and SanDisk have been more mixed, occasionally dragging on returns. Overall, this is a tightly focused, globally diversified bet on the memory stack rather than a broad tech basket.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advantest | 10.00% | $2.68M | $144.82B | 190.54% | 59 Neutral | |
| Micron | 8.55% | $2.29M | $929.52B | 669.69% | 79 Outperform | |
| Penguin Solutions | 6.23% | $1.67M | $2.70B | 121.94% | 61 Neutral | |
| Onto Innovation | 5.90% | $1.58M | $12.86B | 176.22% | 82 Outperform | |
| Camtek | 5.20% | $1.39M | $6.18B | 44.46% | 76 Outperform | |
| ASML Holding | 5.19% | $1.39M | $631.80B | 134.86% | 81 Outperform | |
| SK Hynix | 4.77% | $1.28M | $876.53B | ― | ― | |
| Lam Research | 4.62% | $1.24M | $366.44B | 199.37% | 77 Outperform | |
| Applied Materials | 4.60% | $1.23M | $403.07B | 183.45% | 77 Outperform | |
| Rambus | 4.19% | $1.12M | $9.87B | 21.76% | 78 Outperform |
HBMX Technical Analysis
Positive
―
Price Trends
Market Momentum
-1.15
Negative
47.23
Neutral
68.86
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HBMX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 24.05, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -1.15 indicates Negative momentum. The RSI at 47.23 is Neutral, neither overbought nor oversold. The STOCH value of 68.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HBMX.
HBMX Peer Comparison
Comparison Results
Performance Comparison
HBMX
Tuttle Capital Concentrated Memory Stack ETF
23.56
-3.69
-13.54%
FDCF
Fidelity Disruptive Communications ETF
―
―
―
CSNR
Cohen & Steers Natural Resources Active ETF
―
―
―
GGTL
Gabelli Global Technology Leaders ETF
―
―
―
XDAT
Franklin Exponential Data ETF
―
―
―
EYES
Corgi Data & Surveillance ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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