HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
HECO actively selects companies that stand to benefit from the growing adoption of the blockchain and cryptocurrency industries, as well as direct cryptocurrency exposures through ETFs and futures, while seeking to manage volatility via an option overlay strategy.
Asset Allocation
MULTI
Active
MANAGEMENT STYLE
58.2 M
ASSETS UNDER MGMT
90 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management |
| Category | Asset Allocation |
| Asset class | Multi |
| Website | link... |
| Inception date | Sep 10, 2024 |
| Assets (mns) | $58 |
| Expense ratio | 90 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| TERAWULF INC | 7.0 % |
| CORE SCIENTIFIC INC | 6.0 % |
| TAIWAN SEMICONDUCTOR SP ADR | 5.1 % |
| MICRON TECHNOLOGY INC | 5.0 % |
| CLEANSPARK INC | 4.8 % |
| PROSHARES BITCOIN STRATEGY ETF | 4.4 % |
| HUT 8 CORP | 4.4 % |
| CME GROUP INC | 4.4 % |
| META PLATFORMS INC CLASS A | 3.9 % |
| MASTERCARD INC A | 3.9 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.4% | -- | -- | -- | -- | -- | -- | 1.5% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -5.4% | -- | -- | -- | -- | -- | -- | 1.5% | Ann. Volatility | 57.7% | -- | -- | -- | -- | -- | -- | 59.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 68% |
| MSCI EAFE | 0.55 | 65% |
| MSCI Emg Mkts | 0.39 | 51% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $28.25 |
| 30d moving avg. | $34.43 |
| Annualized volatility | 10.6% |
| Relative strength (RSI) | 41 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Asset Allocation Multi ETFs |
| # of ETFs | 68 |
| Avg. Expense Ratio | 87.7 bp |
| Std. Deviation | 54.3 bp |
| HECO (90 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HECO | 90.0 | 0.0 | 90 |
| Peer Avg. | 86.3 | 73.3 | 159.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .