AdvisorShares HVAC and Industrials ETF
$33.82−0.26 (−0.75%)
- 35.61%
- $14M
- +12.3%
- 0M sh
- $34.76
- low $29.62high $43.41
The ETF.net HVAC Grade
F
Score 22 out of 100
- 35 of 35
Score 22 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.F0 out of 100Rank 35 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.D32 out of 100Rank 9 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F15 out of 100Rank 35 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 18 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 14 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 31 of 35
Our read on HVAC
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.
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
- Stocks
- 24
- 50%
- BE
Sectors
- Industrials75.5%
- Technology24.5%
Geography
- United States87.11%
- United Kingdom5.56%
- Canada4.34%
- Ireland2.99%
HVAC Performance
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$11,226
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.
| Period | HVAC |
|---|---|
| Year to date | +10.1% |
| 1 month | −1.0% |
| 3 months | −10.1% |
| 1 year | +12.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HVAC |
|---|---|---|
| 2026 YTD | +10.1% | |
| 2025 | +24.0% |
HVAC in the news
HVAC Dividends
- $0.06 per share
- Irregular
Distribution data unavailable.
Distribution history
HVAC Risk
- 28.6%
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.
- 0.84
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.
- −24.9%
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.
- 1.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HVAC Cost
35.61%
HVAC35.61%
- The middle half of US Active Sector funds
- Median 0.65%
Every other US Active Sector fund charges less.
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