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HECO - ETF AI Analysis
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SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO)
Rating:59Neutral
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)
AUM72.38M
RegionGlobal
Expense Ratio0.90%
Beta1.81
IssuerSPDR
Inception DateSep 09, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume494
30 Day Avg. Volume7,746
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
61.28Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering28
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
HECO is a blockchain-focused ETF with a global reach, heavily concentrated in the financial and technology sectors. Core Scientific and Riot Platforms are dragging on performance, with both facing bearish momentum and financial challenges. Cleanspark and Bitfarms show mixed signals, with strong year-to-date gains but recent struggles. On the brighter side, Micron and TSMC are rising stars, benefiting from robust growth in AI and advanced technologies. Alphabet adds stability with its strategic investments in AI and cloud services. Overall, the fund’s performance hinges on the volatile digital asset ecosystem, with a mix of winners and laggards shaping its trajectory.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Core Scientific Inc | 14.43% | $10.64M | $5.21B | 19.50% | 46 Neutral | |
| Riot Platforms | 10.17% | $7.50M | $5.57B | 24.62% | 68 Neutral | |
| Cleanspark | 6.73% | $4.96M | $3.06B | 18.83% | 73 Outperform | |
| Micron | 6.50% | $4.80M | $386.53B | 241.56% | 79 Outperform | |
| Bitfarms | 5.92% | $4.36M | $1.62B | 69.82% | ― | |
| Cipher Mining | 5.71% | $4.21M | $6.93B | 225.42% | 56 Neutral | |
| Alphabet Class A | 4.71% | $3.47M | $3.79T | 66.01% | 85 Outperform | |
| Vertiv Holdings | 3.98% | $2.94M | $66.89B | 32.70% | 77 Outperform | |
| TSMC | 3.03% | $2.24M | $1.40T | 53.86% | 81 Outperform | |
| SanDisk Corp | 2.76% | $2.04M | $51.24B | ― | 55 Neutral |
HECO Technical Analysis
Positive
―
Price Trends
42.68
Positive
41.32
Positive
35.28
Positive
Market Momentum
0.20
Negative
57.42
Neutral
93.98
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HECO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 41.71, equal to the 50-day MA of 42.68, and equal to the 200-day MA of 35.28, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 93.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HECO.
HECO Peer Comparison
Comparison Results
Performance Comparison
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
43.85
10.48
31.41%
FFND
Future Fund Active ETF
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―
―
AGIX
KraneShares Artificial Intelligence & Technology ETF
―
―
―
BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
―
―
―
BCDF
Horizon Kinetics Blockchain Development ETF
―
―
―
DECO
SPDR Galaxy Digital Asset Ecosystem 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.
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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