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HGRO

GradeCNew York Stock Exchange Arca

Hedgeye Quality Growth ETF

Active Equity · Hedgeye · Inception 2025-06-10

$30.26−0.18 (−0.60%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Jun 11, 2025.
Intraday session: down, 30 prints from 30.44 to 30.26. Range 30.24 to 30.52. Use the arrow keys to read each point.$30.30$30.40$30.5010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$119M
1Y return
+9.9%
Yield · Last 12 months
Data unavailable
Volume · 30D
0.1M sh
NAV per share
$30.45
52W range
low $26.86high $31.85

The ETF.net HGRO Grade

C

52/ 100

Rank 59 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for HGRO. Scores out of 100: Cost 48, Risk 44, Mission not scored, Tradability 76, Holdings 45, Durability 41. Strongest: Tradability (76). Weakest: Durability (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 48
    Category rank67/127 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank85/126 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank23/127 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank86/124 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank91/127 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HGRO

ETF.net Research

CHedgeye built its name selling macro research to traders. HGRO is that research in a ticker: an active, concentrated book of US large- and mid-cap growth names picked off the firm's growth-and-inflation regime maps.

Stated mandate

The fund aims to achieve long-term growth of capital and income.

Why people hold it

  1. 01The macro call is the product: holdings come off a framework that maps growth and inflation data into themes, then screens companies on fundamentals.stockanalysis.com
  2. 02Genuinely active. It runs a non-diversified book of US-listed stocks and REITs, with at least 80% of net assets in US-listed equities, rather than hugging a broad index.finance.yahoo.com
  3. 03Moderately traded despite a 2025 launch, so getting a position on or off is not a scavenger hunt.

Worth knowing

  1. 010.70% a year is full active pricing, above the typical active US equity ETF and many times core rivals like DFAU (0.12%) and FELC (0.18%).
  2. 02Launched June 2025, so the record is short and the process has not been tested across a full market cycle.
  3. 03Non-diversified means fewer, larger positions, and up to 20% of total assets can sit in foreign companies, including depositary receipts.finance.yahoo.com

HGRO Holdings

As of Sep 20, 2026, 9:16 AM
Asset class
Stocks
Holdings
—
Top-10 weight
52%
Largest holding
First American Government Obligations Fund 12/01/203110.0%

Geography

  • United States99.44%
  • Greece0.56%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203110.03%11,701,928$12M625
002AAPLApple Inc8.23%28,558$10M707
003MSFTMicrosoft Corp7.31%17,270$9M792
004NVDANVIDIA Corp6.95%36,471$8M828
005METAMeta Platforms Inc3.78%6,636$4M683
006AMZNAmazon.com Inc3.75%17,257$4M720
007GOOGLAlphabet Inc3.49%11,637$4M704
008VVisa Inc3.05%9,655$4M550
009VLOValero Energy Corp2.78%7,850$3M395
010XOMExxonMobil Holdings Corp2.77%19,737$3M501
011AMDAdvanced Micro Devices Inc2.56%5,343$3M618
012JPMJPMORGAN CHASE & CO.2.43%8,117$3M478
013JNJJohnson & Johnson2.42%10,465$3M521
014KOCoca-Cola Co/The2.36%31,217$3M457
015TMOThermo Fisher Scientific Inc2.36%4,220$3M369

Showing 1–15 of 47 holdings

HGRO Performance

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

HGRO$10,990
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HGRO $10,990. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 HGRO. Periods over one year show the average yearly return.
PeriodHGRO
Year to date+7.2%
1 month−0.1%
3 months−2.4%
1 year+9.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 HGRO
YearReturn barHGRO
2026 YTD+7.2%
2025+13.4%

History from Jun 11, 2025

HGRO in the news

ETF.net Research hasn’t filed on HGRO yet — coverage lands here as it’s written.

HGRO 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.02

HGRO Risk

How much the fund’s monthly returns vary, scaled to a year.
10.7%
Annualised · 14 months to Aug 2026
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.
0.89
vs 3-month T-bills · 14 months to Aug 2026
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.
−7.6%
15 months · trough Mar 2026
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.
0.77
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.

HGRO Cost

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

61 of the 124 US Active Equity funds charge less.

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