HECO: SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF
What this ETF is trying to do
The SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (ticker: HECO) is an exchange-traded fund designed to invest in the digital asset ecosystem. Instead of just holding one type of asset, it spreads its investments across various companies related to this sector.
What the numbers show
The data shows that HECO has experienced significant share-price growth recently.
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 60.73% since the start of the year.
• One-Year Price Return: Over the last 12 months, the share price has grown by approximately 47.10%.
• Price Comparison: The current price is $63.71. An estimated price from roughly one year ago was approximately $43.31.
Because no distributions were made, the "total return" (which includes both price changes and dividends) is the same as the "price return."
Income and distribution explanation
For investors looking for regular cash payments, it is important to note that HECO currently does not provide income. The distribution yield is 0%, and no distributions have been detected over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of erosion, it is not proof of it.
In the case of HECO, the supplied data shows an erosion-risk score of 100, which is labeled as "No price erosion detected." Additionally, there is no severe erosion-risk flag present. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Top Holdings
The following is a partial list of the fund's largest holdings. Please note that these are "Top Holdings" and not a complete list of everything in the fund. Holdings can change over time.
• RIOT PLATFORMS INC (13.61%)
• KEEL INFRASTRUCTURE CORP (8.80%)
• CLEANSPARK INC (7.42%)
• CIPHER DIGITAL INC (6.24%)
• MICROSOFT CORP (6.07%)
• NVIDIA CORP (5.39%)
• JPMORGAN CHASE & CO (4.73%)
• APPLIED DIGITAL CORP (4.29%)
• ROBINHOOD MARKETS INC CLASS A (3.97%)
• HYPERLIQUID STRATEGIES INC (3.19%)
Pros
• Strong Price Growth: The ETF has shown high price returns both year-to-date and over the last year.
• No Detected Price Erosion: The current erosion-risk measurements are rated as "good."
Cons
• No Income: This ETF does not currently pay out distributions or dividends.
• Sector Focus: The fund is heavily tied to the digital asset ecosystem, which can be a specific area of interest.
Beginner takeaway
HECO is an ETF that has seen large increases in its share price over the last year. However, it is not an income-focused fund, as it currently pays no distributions to investors. While the price has grown significantly, investors should remember that past performance does not guarantee future results.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | RIOT PLATFORMS INC | RIOT | 13.61% |
| 2 | KEEL INFRASTRUCTURE CORP | n/a | 8.80% |
| 3 | CLEANSPARK INC | CLSK | 7.42% |
| 4 | CIPHER DIGITAL INC | CIFR | 6.24% |
| 5 | MICROSOFT CORP | MSFT | 6.07% |
| 6 | NVIDIA CORP | NVDA | 5.39% |
| 7 | JPMORGAN CHASE & CO | JPM | 4.73% |
| 8 | APPLIED DIGITAL CORP | APLD | 4.29% |
| 9 | ROBINHOOD MARKETS INC CLASS A | HOOD | 3.97% |
| 10 | HYPERLIQUID STRATEGIES INC | PURR | 3.19% |