What this ETF is trying to do

The AdvisorShares HVAC and Industrials ETF (HVAC) focuses on companies within the heating, ventilation, air conditioning, and industrial sectors. It spreads its investment across 24 different holdings.

Based on the Top Holdings list (updated October 7, 2026), the fund includes companies such as Comfort Systems USA Inc (7.2%), Celestica Inc (6.82%), and Bloom Energy Corp (6.33%). Because the holdings list is partial, these represent only the largest positions in the portfolio.

What the numbers show

As of October 5, 2026, the current price of the ETF is $34.98.

To understand how the price has changed, we can look at the price return, which measures only the change in the share price. The year-to-date (YTD) price return is 13.02%. The one-year price return is 13.14%.

The total return includes both the share-price change and any distributions. The YTD total return is 13.02%, and the one-year total return is 13.36%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($30.92), a 13.14% price return would mean the value of those shares grew to approximately $11,314 (excluding distributions).

Income and distribution explanation

This ETF provides cash distributions to investors, but they are irregular and less frequent. In the last 12 months, there was only one payout.

The distribution yield is 0.17%. It is important for beginners to know that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the underlying value of an ETF's assets declines over time. Investors who want steady income usually care about principal stability so their original investment doesn't shrink.

For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data indicates that no price erosion was detected, and the severe erosion-risk flag is false.

Pros

• Positive Returns: The ETF has shown positive price and total returns over the last year.

• Low Erosion Risk: The erosion-risk score suggests the fund has maintained its price stability well.

Cons

• Low Income: The distribution yield is very low (0.17%).

• Inconsistent Payouts: Distributions are irregular and infrequent.

Beginner takeaway

HVAC is an industrial-focused ETF that has seen its share price grow over the past year. While it offers a small amount of cash income, it is not designed for investors seeking high or regular payouts. Its primary movement has been driven by price growth rather than distributions.