ADDS
Hedgeye Index Adds ETF
The Hedgeye Index Adds ETF seeks to provide exposure to a diversified portfolio of stocks that are expected to outperform the market based on Hedgeye's proprietary research and analysis.
US
EQUITY
Active
MANAGEMENT STYLE
$ 6.9 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | May 27, 2026 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ILLUMINA INC | 13.3 % |
| TWILIO, INC. CLASS A | 10.6 % |
| TECHNIPFMC PLC | 8.5 % |
| OKTA, INC. CLASS A | 7.0 % |
| NVENT ELECTRIC PLC | 6.2 % |
| CASH & OTHER | 6.0 % |
| ALLEGHENY TECHNOLOGIES INC | 5.8 % |
| CHENIERE ENERGY INC | 4.5 % |
| BLOOM ENERGY CORPORATION CLASS A | 4.4 % |
| CARPENTER TECHNOLOGY | 4.1 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 616 |
| Wgt avg mkt cap (mns) | $28,338 |
| Large cap (>$10bn) | 90.7% |
| Mid cap ($2-10bn) | 1.4% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 76.0 % |
 |
BRITAIN | 18.0 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $0.00 |
| Relative strength (RSI) | 0 |
| MACD/Signal | 0.00/0.00 |
| Bollinger Bands (Upper/Lower) | $0.00/$0.00 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ADDS |
Expenses vs. ADDS |
ALTAR Score™ vs. ADDS |
|---|---|---|---|---|
| XMMO | Invesco S&P MidCap Momentum ETF | 23.3% | -36 bp | +2.8% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 16.7% | -35 bp | +4.1% |
| XMHQ | Invesco S&P MidCap Quality ETF | 15.8% | -45 bp | +5.1% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 15.2% | -53 bp | +3.2% |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | 15.1% | -55 bp | +3.2% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 14.9% | -60 bp | +3.2% |
| CSMD | Congress SMid Growth ETF | 13.6% | -1 bp | +2.5% |
| GASZ | Corgi Natural Gas Power & Turbines ETF | 12.3% | -35 bp | +2.2% |
| AMID | Argent Mid Cap ETF Argent Mid Cap ETF | 11.7% | -18 bp | +4.1% |
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 11.2% | -10 bp | +0.8% |
Risk and Returns: ADDS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/26/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.7%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 1,409 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. ADDS's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places ADDS in the 4th percentile
among funds in the category.
Sell-Side Consensus
$21.14
PRICE TARGET
-14.5%
UPSIDE