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Launched

Hedgeye Index Adds ETF

ADDSNYSE ArcaD

$25.96+0.02 (+0.08%)

As of Oct 13, 2026, 3:59 PM

D36/ 100

Rank 93 of 127 in US Active Equity

D36/100Rank 93 of 127inUS Active Equity
Intraday session: up, 5 prints from 25.94 to 25.96. Range 25.88 to 25.99. Use the arrow keys to read each point.25.8825.9025.9325.9810 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$7M
1Y total return
—
Yield · Last 12 months
—
Holdings
41
Avg volume · 30D
0M sh
NAV per share
$26.32
52W range
low $23.36high $27.58
Launched

The ETF.net ADDS Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
US Active Equity⁠
Rank
93 of 127
Six-pillar profile for ADDS. Scores out of 100: Cost 49, Risk 13, Mission not scored, Tradability 42, Holdings 39, Durability 13. Strongest: Cost (49). Weakest: Durability (13). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C49 out of 100
    Rank 63 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F13 out of 100
    Rank 121 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 77 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 95 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F13 out of 100
    Rank 124 of 127

Our read on ADDS

ETF.net Research

DIndex funds have to buy a stock the day it joins the S&P 500. ADDS is built to own the candidates before that happens and sell into the add: a trade long run by institutional desks, now in an ETF wrapper.

Stated mandate

The Fund seeks long-term capital appreciation through active investment primarily in U.S.-listed equity securities identified as likely candidates for near-term inclusion in major U.S. equity indices.

Why people hold it

  1. 01The mechanism is unusually specific: own likely additions to the S&P 500, 400, 600 and Nasdaq-100, then exit at the market-on-close on the day the stock joins its target index.app.hedgeye.com
  2. 02By rule it never holds a current S&P 500 member, so it is not a large-cap fund in disguise. Roughly 40 names, a 20% per-name cap, monthly rebalance cycle.app.hedgeye.com
  3. 03Holdings are picked on inclusion probability rather than sector or factor views, so the portfolio looks nothing like a typical active US equity fund.app.hedgeye.com
  4. 04Run by a portfolio manager whose career is in index-event trading, including buy-side roles and heading ETF trading for the Americas at a global bank.app.hedgeye.com

Worth knowing

  1. 01Brand new: launched in 2026 by a newly formed adviser with no prior ETF experience, a risk Hedgeye flags in its own materials.app.hedgeye.com
  2. 02The 0.70% fee matches the active US equity median, but broad active core funds like DFAU (0.12%) and AVLC (0.15%) charge a small fraction of it.
  3. 03A small, lightly traded fund concentrated in roughly 40 positions, so single-stock moves land hard and the spread deserves a look before you trade.app.hedgeye.com

ADDS Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
41
Top-10 weight
66%
Largest holding
OKTA12.0%

Geography

  • United States77.70%
  • United Kingdom18.44%
  • Netherlands2.68%
  • Cayman Islands1.17%

Developed 95% · Emerging 5% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001OKTAOkta Inc11.99%3,806$883K260
002NVTnVent Electric PLC8.51%3,747$627K251
003ATIATI Inc8.50%3,266$627K221
004MDLNMedline Inc8.44%17,163$622K117
005LNGCheniere Energy Inc5.00%1,326$369K274
006UPSTUpstart Holdings Inc4.90%14,986$361K73
007ROIVRoivant Sciences Ltd4.89%10,179$361K168
008FTITechnipFMC PLC4.82%5,103$355K266
009ALABAstera Labs Inc4.72%1,017$348K263
010ZZillow Group Inc4.26%10,822$314K114
011BLLNBilliontoone Inc3.60%2,703$265K34
012NTRANatera Inc3.28%603$242K238
013ESTCElastic NV2.65%1,989$195K147
014FIGSFigs Inc2.48%11,563$182K96
015NRIXNurix Therapeutics Inc2.00%6,608$148K78

Showing 1–15 of 41 holdings

ADDS Performance

Launched May 27, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ADDS$10,129
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. ADDS $10,129. SPY $10,332. Use the arrow keys to read each point.$9,028$9,735$10,443Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ADDS. Periods over one year show the average yearly return.
PeriodADDS
Year to dateFund launched this year—
1 month+5.5%
3 months+1.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ADDS
YearReturn barADDS
2026 YTD+3.3%

History from May 28, 2026

ADDS in the news

Filtered to ADDS · US Active Equity

ADDS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

ADDS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.32
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ADDS Cost

Expense ratio0.70%
  • The middle half of US Active Equity funds
  • Median 0.70%

61 of the 123 US Active Equity funds charge less.

ADDS costs $70.00 a year on $10,000. The median US Active Equity fund costs $70.00.

Other funds in US Active Equity

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