Summary
HCM Hedged Equity ETF is an ETF - a fund traded on an exchange like a stock - run by HCM. Positions inside: 505. The ten largest make up 53% of the fund.
- Yearly costs
- 1.35%
- Fund size
- $99.4M
- Positions
- 505
- Running since
- 2026
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 53% of the fund, so its result rests on a few names.
- 96% of the fund is in one country (United States).
- Costs of 1.35% a year are above the middle of comparable funds (0.71%).
- A young fund: it has been running only since 2026.
- A small fund with $99.4M under management; small funds get closed more often.
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
- -5.3%
- Avg. market cap
- $2.69T
- P/E
- 25.0x
- Forward P/E
- 23.5x
- P/S
- 6.5x
- P/B
- 8.4x
- P/FCF
- 39.7x
- EV/EBITDA
- 18.2x
- Dividend yield
- 0.58%
- ROIC
- 29.8%
- ROE
- 60.1%
- Gross margin
- 59.5%
- Operating margin
- 35.5%
- Net margin
- 33.9%
- Payout ratio
- 14.4%
- Net debt/EBITDA
- 0.2x
- Beta
- 0.00
Weighted average of the 50 largest companies, which make up 72% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 AAApple AAPL 11%
- 2 NVNvidia NVDA 9.5%
- 3 MSMicrosoft MSFT 8.5%
- 4 AMAmazon AMZN 5.5%
- 5 GOAlphabet GOOGL 3.6%
- 6 HCM Hedged Equity ETF 3.3%
- 7 GOAlphabet GOOG 3.2%
- 8 AVBroadcom AVGO 3.0%
- 9 MEMeta META 2.9%
- 10 TSTesla TSLA 2.5%
Positions in the fund: 505. The ten largest make up 53% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One countryBy country
- United States 96%
- Ireland 0.7%
- United Kingdom 0.6%
- Singapore 0.3%
- Other countries 2.4%
By company size
- Mega cap 74%
- Large cap 26%
- Mid cap 0.01%
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 (96%). Largest size group: Mega cap (74%).
What does it cost me?
Expensive- A year from $10,000
- $135
- Over 20 years
- $6,050
From every $10,000 invested the fund takes $135 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 $6,050.
How has it done?
- Deepest drop
- -6.5%
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?
Yes- Traded a day
- $1.97M
- Shares a day
- 68K
On an average day about $1.97M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 25.0
- Average Bulios Score
- 74 out of 100
Weight by Bulios Fair Price
- Undervalued 5.9%
- Fairly valued 1.7%
- Overvalued 92%
On average the companies inside trade for 25.0 times their yearly profit. By Fair Price, 92% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 72% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BK BKLG BNY Mellon US Large Cap Equity Growth ETF | United States | 0.10% | $9.59M | - | Pays out | 81% |
US USCL iShares Climate Conscious & Transition MSCI USA ETF | United States | 0.08% | $2.61B | +5.9% | Pays out | 78% |
MG MGC Vanguard Morningstar Mega Cap ETF | United States | 0.05% | $9.88B | +9.1% | Pays out | 77% |
SP SPXN ProShares - S&P 500 Ex-Financials ETF | United States | 0.09% | $75.3M | +10.0% | Pays out | 77% |
VF VFTAX Vanguard FTSE Social Index Fund Admiral Shares· mutual fund | United States | 0.11% | $28.8B | +8.6% | Pays out | 76% |
VF VFTNX Vanguard FTSE Social Index Fund Institutional Shares· mutual fund | United States | 0.03% | $28.8B | +8.6% | Pays out | 76% |