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HECO - ETF AI Analysis
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SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several top holdings, including Micron, Cipher Mining, and Alphabet, have delivered strong year-to-date performance, supporting the ETF’s overall gains.
Sector Diversification
The ETF is spread across multiple sectors like Financials, Technology, and Industrials, reducing reliance on a single industry.
Healthy Year-to-Date Performance
The ETF has shown solid year-to-date performance, indicating resilience and potential for growth.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio, which can eat into investor returns over time.
Over-Concentration in Top Holdings
The fund has significant exposure to a few holdings, such as Core Scientific, which increases individual stock risk.
Limited Geographic Diversification
With nearly 86% of its exposure in U.S. companies, the ETF lacks significant international diversification.
HECO vs. SPDR S&P 500 ETF (SPY)
AUM69.46M
RegionGlobal
Expense Ratio0.90%
Beta1.84
IssuerSPDR
Inception DateSep 09, 2024
Dividend Yield2.06%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume182
30 Day Avg. Volume7,595
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
62.29Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HECO Summary
The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is designed for investors who want exposure to companies involved in blockchain technology and digital assets. It includes businesses like Core Scientific and Alphabet (Google), which are connected to blockchain infrastructure and digital finance. This ETF is a way to invest in the growing blockchain industry while managing risk through a hedged strategy. However, new investors should know that the fund is heavily tied to the digital asset space, which can be volatile and influenced by changes in technology and market sentiment.
How much will it cost me?The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) has an expense ratio of 0.9%, which means you’ll pay $9 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a niche area like blockchain and digital assets, which typically involves more research and specialized management.
What would affect this ETF?HECO could benefit from the growing adoption of blockchain technology across industries, as well as increased interest in digital assets and cryptocurrency infrastructure. However, it may face challenges from regulatory scrutiny in the digital asset space, as well as potential volatility in the financial and technology sectors, which make up a significant portion of its holdings. Global economic conditions and interest rate changes could also impact the performance of companies within its portfolio.
HECO Top 10 Holdings
The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is heavily tilted toward blockchain and digital asset companies, with a global focus and a strong presence in the financial and technology sectors. Core Scientific and Riot Platforms are dragging on performance, as both face bearish momentum and valuation concerns despite some longer-term growth potential. On the brighter side, Alphabet and Micron are rising stars, with strong financials and strategic investments in AI and cloud services driving their momentum. This fund’s concentrated exposure to blockchain infrastructure means it’s riding the wave of innovation but also feeling the bumps of volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Core Scientific Inc | 15.00% | $10.48M | $4.57B | -4.68% | 46 Neutral | |
| Riot Platforms | 8.86% | $6.19M | $5.01B | -3.58% | 68 Neutral | |
| Cleanspark | 8.31% | $5.81M | $3.03B | -3.60% | 73 Outperform | |
| Bitfarms | 5.96% | $4.17M | $1.37B | 20.48% | ― | |
| Cipher Mining | 5.86% | $4.09M | $5.92B | 99.46% | 56 Neutral | |
| Alphabet Class A | 4.89% | $3.42M | $3.71T | 56.88% | 85 Outperform | |
| Micron | 4.82% | $3.37M | $261.66B | 114.10% | 77 Outperform | |
| Vertiv Holdings | 3.87% | $2.71M | $61.43B | 28.40% | 77 Outperform | |
| TSMC | 2.86% | $2.00M | $1.18T | 42.96% | 81 Outperform | |
| Applied Materials | 2.54% | $1.77M | $205.25B | 51.95% | 77 Outperform |
HECO Technical Analysis
Negative
―
Price Trends
43.81
Negative
40.32
Negative
34.27
Positive
Market Momentum
-0.33
Positive
37.49
Neutral
0.06
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HECO, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 42.00, equal to the 50-day MA of 43.81, and equal to the 200-day MA of 34.27, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 0.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HECO.
HECO Peer Comparison
Comparison Results
Performance Comparison
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
39.78
4.54
12.88%
FFND
Future Fund Active ETF
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AIFD
TCW Artificial Intelligence ETF
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IQM
Franklin Intelligent Machines ETF
―
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―
BCDF
Horizon Kinetics Blockchain Development ETF
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―
DECO
SPDR Galaxy Digital Asset Ecosystem ETF
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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.
Disclaimer
This 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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