---
ticker: "HECA"
name: "Hedgeye Capital Allocation ETF"
url: "https://etf.net/etf/HECA"
grade: "C"
score: 43
graded_at: "2026-10-12"
category: "Multi-Asset Allocation"
category_rank: "27 of 37"
methodology: "https://etf.net/methodology"
---

# HECA: Hedgeye Capital Allocation ETF

Grade **C**, Score 43 of 100. Rank 27 of 37 in Multi-Asset Allocation.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 25 | 28 of 37 |
| Mission | 71 | 15 of 29 |
| Risk | 25 | 29 of 35 |
| Tradability | 54 | 15 of 37 |
| Holdings | 43 | 23 of 33 |
| Durability | 48 | 26 of 37 |

## Top holdings

The fund holds 17 positions. These are the largest 17, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 14.65% |
| 2 | FLTR | VanEck IG Floating Rate ETF | 11.89% |
| 3 | JAAA | Janus Henderson AAA CLO ETF | 10.26% |
| 4 | CIBR | First Trust NASDAQ Cybersecurity ETF | 7.48% |
| 5 | XLK | State Street Technology Select Sector SPDR ETF | 6.51% |
| 6 | CLOZ | Eldridge BBB-B CLO ETF | 6.02% |
| 7 | DBMF | iMGP DBi Managed Futures Strategy ETF | 5.93% |
| 8 | IGV | iShares Expanded Tech-Software Sector ETF | 5.92% |
| 9 | FLJP | Franklin FTSE Japan ETF | 5.06% |
| 10 | FLTW | Franklin FTSE Taiwan ETF | 4.29% |
| 11 | — | First American Government Obligations Fund 12/01/2031 | 4.02% |
| 12 | RECS | Columbia Research Enhanced Core ETF | 4.01% |
| 13 | BKLN | Invesco Senior Loan ETF | 3.84% |
| 14 | CRAK | VanEck Oil Refiners ETF | 3.16% |
| 15 | IBIT | iShares Bitcoin Trust ETF | 3.15% |
| 16 | QGRW | Wisdomtree US Quality Growth Fund | 3.04% |
| 17 | ETHA | iShares Ethereum Trust ETF | 0.76% |

Source: etf.net, https://etf.net/etf/HECA. Please cite the page URL.