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Launched · SEC filings

AdvisorShares HVAC and Industrials ETF

HVACNYSE ArcaAdvisorSharesF

$30.28−0.19 (−0.63%)

As of Nov 2, 2026, 3:59 PM ET

F24/ 100

Rank 34 of 35 in US Active Sector

F24/100Rank 34 of 35inUS Active Sector
Intraday session: down, 73 prints from 30.47 to 30.28. Range 30.28 to 31.16. Use the arrow keys to read each point.30.6030.8031.0031.2010 AM12 PM2 PM4 PM
Expense ratio
0.99%*
Fund size
$11M
1Y total return
−7.8%
Yield · Last 12 months
No data
Holdings
25
Avg volume · 30D
7.8K sh
52W range
low $29.35high $43.41
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Nov 1, 2027. Without it: 2.06%.

The ETF.net HVAC Grade

F

Score 24 out of 100

Category
US Active Sector⁠
Rank
34 of 35
Six-pillar profile for HVAC. Scores out of 100: Cost 9, Risk 9, Mission 27, Tradability 45, Holdings 64, Durability 23. Strongest: Holdings (64). Weakest: Risk (9). Leans toward Holdings.

Score 24 of 100 falls in the F 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.
    F9 out of 100
    Rank 31 of 35

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D27 out of 100
    Rank 9 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F9 out of 100
    Rank 35 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 21 of 35

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 15 of 35

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F23 out of 100
    Rank 32 of 35

Our read on HVAC

ETF.net Research

In short

FAir conditioners, furnaces, heat pumps. HVAC is the rare fund built around the machines that keep buildings livable, plus the industrials around them: actively managed, roughly two dozen US-listed names, launched in 2025.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and invests in U.S.-traded common stocks and ADRs across HVAC-related businesses and industrial-sector companies.

Why people hold it

  • A genuinely unusual mandate: US-listed HVAC makers, suppliers and distributors alongside broader industrial companies, in a compact book of roughly 27 stocks and ADRs.
  • Actively managed, so the manager can move across equipment, components and distribution names rather than track a fixed thematic index.
  • The prospectus objective is plain: long-term capital appreciation from US HVAC-related and industrial businesses. You know exactly what you own.

Worth knowing

  • The fee is the headline trade-off. It sits far above what active US equity ETFs such as DFAU or AVLC charge, and the portfolio has to clear that cost every year.
  • A small asset base and light trading mean wider bid-ask spreads than mainstream funds, so the price you pay can drift from the fund's underlying value.
  • Around two dozen names in one slice of industrials: individual stocks and the building cycle swing this portfolio hard, and the record only starts in 2025.

HVAC Holdings

Holdings pillarB64 out of 100Rank 15 of 35 in US Active Sector
Asset class
Stocks
Holdings
25
Top-10 weight
51%
Largest holding
AME6.0%

Sectors

  • Industrials70.3%
  • Technology20.2%
  • Materials5.3%
  • Utilities4.2%

Geography

  • United States86.99%
  • Canada4.92%
  • Japan4.43%
  • United Kingdom3.66%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AMEAmetek Inc6.02%2,857$689K324
2HTHIYHitachi Ltd -Adr5.34%19,000$611K13
3JCIJohnson Controls Internation5.21%4,000$596K285
4JBLJabil Inc5.19%2,179$594K317
5FIXComfort Systems Usa Inc5.04%468$577K400
6APHAmphenol Corp-Cl A5.00%7,222$573K460
7EMREmerson Electric Co4.90%3,400$561K321
8BDCBelden Inc4.88%5,289$559K143
9CLSCelestica Inc4.76%2,053$545K41
10VRTVertiv Holdings Co-A4.37%2,150$500K400
11GNRCGenerac Holdings Inc4.36%2,520$499K225
12AESAes Corp4.27%33,000$489K198
13MMM3M Co4.19%2,750$479K330
14IESCIes Holdings Inc4.14%2,300$474K152
15FERGFerguson Enterprises Inc4.11%1,969$470K317

Showing 1–15 of 25 holdings

HVAC Performance

Launched Feb 3, 2025

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.
HVAC$9,224
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HVAC $9,224. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 HVAC. Periods over one year show the average yearly return.
PeriodHVAC
Year to date−1.6%
1 month−10.1%
3 months−13.4%
1 year−7.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 HVAC
YearReturn barHVAC
2026 YTD−1.6%
2025+24.0%

History from Feb 4, 2025

HVAC in the news

HVAC Dividends

Last payment
$0.06 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 22, 2025 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.06

$10,000 in HVAC 1 year ago paid $19.06 in dividends.

HVAC Risk

Risk pillarF9 out of 100Rank 35 of 35 in US Active Sector
How much the fund’s monthly returns vary, scaled to a year.
29.4%
Annualised · 20 months to Oct 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.
0.56
vs 3-month T-bills · 20 months to Oct 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.
−30.7%
20 months · trough Oct 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.
1.27
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.

FMP measures it over up to five years of monthly returns.

HVAC Cost

Compare HVAC and TRUF

Overpaying vs TRUF, tied cheapest in US Active Sector

$16,419

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HVAC 0.99%

    $18,525

  • TRUF 0.10% Tied cheapest

    $2,106

$10,000
30 years

Cost over time

  • HVAC 0.99%
  • TRUF 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HVAC $18,525TRUF $2,106

Year by year

YearHVACTRUFOverpaying
10$1,746$183$1,563
20$6,565$717$5,848
30$18,525$2,106$16,419
How the 0.99% is worked out

Full fee 2.06%− waiver 1.07%= you pay 0.99%

The waiver ends Nov 1, 2027. After that the fee is 2.06% unless AdvisorShares renews it. Source: prospectus, Oct 2026.

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