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QQH

GradeFNew York Stock Exchange Arca

HCM Defender 100 Index ETF

Sectors · HCM · Inception 2019-10-09 · SEC filings

$87.89−0.96 (−1.09%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 88.86 to 87.89. Range 87.52 to 88.64. Use the arrow keys to read each point.$87.50$88.5010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$760M
1Y return
+16.0%
Yield · Last 12 months
0.18%
Volume · 30D
0.1M sh
NAV per share
$84.89
52W range
low $68.57high $89.64

The ETF.net QQH Grade

F

26/ 100

Rank 22 of 25 in Technology (Broad)⁠

Confidence High

Six-pillar profile for QQH. Scores out of 100: Cost 0, Risk 55, Mission 97, Tradability 42, Holdings 34, Durability 36. Strongest: Mission (97). Weakest: Cost (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 26 of 100 sits in the F 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.
    FScore 0
    Category rank25/25 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 97
    Category rank2/12 · top 17%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank13/25 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank15/25 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank23/24 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank18/25 · mid-pack

Graded as of Sep 22, 2026

Our read on QQH

ETF.net Research

FA one-lever tactical fund: the index it follows holds US technology stocks while the trend holds, and rotates to cash when it breaks. No bonds, no gold, no commodity detours. Tech or the sidelines.

Stated mandate

The Fund seeks to generally track the HCM Defender 100 Index before fees and expenses. It invests at least 80% of net assets in index securities, while the index uses a proprietary trend-based allocation among technology equities and cash or cash equivalents.

Why people hold it

  1. 01The rule, not the mood: the index shifts between US technology equities and cash on a trend-based signal, so going defensive is mechanical rather than discretionary.
  2. 02Legible mandate. At least 80% of net assets sit in index securities and the only defensive asset is cash equivalents, so what you own is easy to picture.
  3. 03Trading since 2019 and now a few hundred million dollars in size, so the rules have run with real money, not just backtests.
  4. 04Getting in and out is one of its strengths: it sits at the top of its tactical peer group on tradability.

Worth knowing

  1. 01It charges 1.02%, above the median for tactical peers, and funds like ENDW (0.22%) and ONOF (0.39%) run risk-on/risk-off for a fraction of that.
  2. 02Trend rules react, they don't forecast. Choppy markets can mean stepping to cash after a decline and stepping back in after the rebound.
  3. 03One sector, one country. When the signal is risk-on, this is US technology, and moves can be sharp in both directions.

QQH Holdings

As of Sep 20, 2026, 8:46 AM
Asset class
Stocks
Holdings
—
Top-10 weight
65%
Largest holding
TQQQ17.8%

Sectors

  • Technology60.3%
  • Consumer Discr.13.4%
  • Communication12.6%
  • Cons. Staples5.3%
  • Health Care3.5%
  • Industrials2.4%
  • Utilities1.0%
  • Materials0.9%
  • Energy0.4%
  • Financials0.2%

Geography

  • United States97.93%
  • United Kingdom0.79%
  • Singapore0.51%
  • Netherlands0.31%
  • Uruguay0.27%
  • Ireland0.19%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TQQQHCM Defender 100 Index ETF17.82%1,864,072$135M3
002AAPLHCM Defender 100 Index ETF10.51%237,541$80M707
003NVDAHCM Defender 100 Index ETF8.13%277,835$62M828
004MSFTHCM Defender 100 Index ETF7.67%118,081$58M792
005AMZNHCM Defender 100 Index ETF4.53%135,703$34M720
006METAHCM Defender 100 Index ETF4.39%50,118$33M683
007TSLAHCM Defender 100 Index ETF3.54%73,875$27M509
008AVGOHCM Defender 100 Index ETF3.17%67,395$24M732
009MUHCM Defender 100 Index ETF3.01%22,522$23M655
010AMDHCM Defender 100 Index ETF2.42%32,818$18M618
011GOOGLHCM Defender 100 Index ETF2.12%46,147$16M704
012GOOGHCM Defender 100 Index ETF2.10%46,423$16M471
013WMTHCM Defender 100 Index ETF1.54%109,335$12M462
014CSCOHCM Defender 100 Index ETF1.41%97,712$11M567
015COSTHCM Defender 100 Index ETF1.32%11,209$10M465

Showing 1–15 of 97 holdings

QQH Performance

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

QQH$11,601
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. QQH $11,601. SPY $11,723. Use the arrow keys to read each point.$8,757$10,371$11,984Sep 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 QQH. Periods over one year show the average yearly return.
PeriodQQH
Year to date+14.9%
1 month+6.7%
3 months+3.1%
1 year+16.0%
3 years+25.9%per year
5 years+12.0%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 QQH
YearReturn barQQH
2026 YTD+14.9%
2025+15.7%
2024+33.6%
2023+48.0%
2022−39.6%
2021+37.5%
2020+41.7%

QQH in the news

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

QQH 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.
0.18%Last 12 months
Payout per share
$0.16Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 4 payments from 2019 to 2026 YTD. Dec 13, 2019 $0.06; Dec 15, 2023 $0.14; Dec 16, 2024 $0.16; Dec 16, 2025 $0.16. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 22, 2025$0.16
Dec 16, 2024Dec 23, 2024$0.16
Dec 15, 2023Dec 26, 2023$0.14
Dec 13, 2019Dec 23, 2019$0.06

QQH Risk

How much the fund’s monthly returns vary, scaled to a year.
20.8%
Annualised · 36 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.
0.78
vs 3-month T-bills · 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.
−41.9%
Trough Dec 2022
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.
1.37
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.

QQH Cost

Expense ratio0.98%
  • The middle half of Technology (Broad) funds
  • Median 0.45%

Every other Technology (Broad) fund charges less.

QQH costs $98.00 a year on $10,000. The median Technology (Broad) fund costs $45.00.