Summary
Hedgeye Index Adds ETF is an ETF - a fund traded on an exchange like a stock - run by Hedgeye. Positions inside: 42. The ten largest make up 65% of the fund.
- Yearly costs
- 0.70%
- Fund size
- $7.00M
- Positions
- 42
- Running since
- 2026
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 65% of the fund, so its result rests on a few names.
- Costs of 0.70% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2026.
- A small fund with $7.00M under management; small funds get closed more often.
- It trades little: only about $310.3K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.1%
- 3 months
- +1.8%
- Avg. market cap
- $22.9B
- P/E
- 34.7x
- Forward P/E
- 25.9x
- P/S
- 2.8x
- P/B
- 4.6x
- P/FCF
- 22.0x
- EV/EBITDA
- 19.8x
- Dividend yield
- 0.12%
- ROIC
- -5.9%
- ROE
- 56.3%
- Gross margin
- 55.2%
- Operating margin
- -901.8%
- Net margin
- -169.4%
- Payout ratio
- 4.2%
- Net debt/EBITDA
- 0.0x
- Beta
- -0.32
Weighted average of the 39 largest companies, which make up 97% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 OKOkta OKTA 10%
- 2 MDMedline Inc. MDLN 8.8%
- 3 ATAllegheny Technologies ATI 8.7%
- 4 NVnVent Electric NVT 7.6%
- 5 LNCheniere Energy, Inc. LNG 5.5%
- 6 FTTechnipFMC plc FTI 5.1%
- 7 UPUpstart Holdings, Inc. UPST 5.0%
- 8 RORoivant Sciences ROIV 4.9%
- 9 ZZillow Group, Inc. Z 4.8%
- 10 ALAstera Labs ALAB 4.2%
Positions in the fund: 42. The ten largest make up 65% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- United States 78%
- United Kingdom 18%
- Netherlands 2.6%
- Cayman Islands 1.0%
- Other countries 1.2%
By company size
- Large cap 64%
- Mid cap 30%
- Small cap 6.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (78%). Largest size group: Large cap (64%).
What does it cost me?
Expensive- A year from $10,000
- $70.00
- Over 20 years
- $3,322
From every $10,000 invested the fund takes $70.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,322.
How has it done?
- Deepest drop
- -15%
It has traded for less than a year, too short to judge.
Does it pay dividends?
We have no record of payments from this fund.
Is it easy to buy and sell?
It trades little- Traded a day
- $310.3K
- Shares a day
- 12K
On an average day about $310.3K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 34.7
- Average Bulios Score
- 54 out of 100
Weight by Bulios Fair Price
- Undervalued 12%
- Fairly valued 14%
- Overvalued 74%
On average the companies inside trade for 34.7 times their yearly profit. By Fair Price, 74% of the rated weight comes out as overvalued.
Counted from its largest companies (39), which make up 97% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.