HCM Defender 100 Index ETF
$88.59−0.22 (−0.25%)
- 0.98%
- $792M
- +19.9%
- 0.18%
- 0.1M sh
- $89.44
- low $68.57high $91.05
The ETF.net QQH Grade
D
Score 26 out of 100
- 22 of 25
Score 26 of 100 falls in the D 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 25 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 2 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 13 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 14 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D27 out of 100Rank 23 of 24Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 18 of 25
Our read on QQH
DA 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.
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
- The 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.
- Legible 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.
- Trading since 2019 and now a few hundred million dollars in size, so the rules have run with real money, not just backtests.
- Getting in and out is one of its strengths: it sits at the top of its tactical peer group on tradability.
Worth knowing
- It 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.
- Trend rules react, they don't forecast. Choppy markets can mean stepping to cash after a decline and stepping back in after the rebound.
- One sector, one country. When the signal is risk-on, this is US technology, and moves can be sharp in both directions.
QQH Holdings
- Stocks
- 96
- 66%
- TQQQ
Sectors
- Technology50.5%
- Financials19.3%
- Consumer Discretionary10.1%
- Communication10.1%
- Consumer Staples3.9%
- Health Care2.6%
- Industrials1.8%
- Utilities0.7%
- Materials0.7%
- Energy0.3%
Geography
- United States98.51%
- United Kingdom0.75%
- Netherlands0.31%
- Uruguay0.25%
- Ireland0.18%
QQH 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.
QQH$11,994
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 | QQH |
|---|---|
| Year to date | +14.8% |
| 1 month | +5.7% |
| 3 months | +4.1% |
| 1 year | +19.9% |
| 3 years | +23.9% |
| 5 years | +13.1% |
| 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 | QQH |
|---|---|---|
| 2026 YTD | +14.8% | |
| 2025 | +15.7% | |
| 2024 | +33.6% | |
| 2023 | +48.0% | |
| 2022 | −39.6% | |
| 2021 | +37.5% | |
| 2020 | +41.7% |
QQH in the news
QQH Dividends
- 0.18%
- $0.16
- $0.16 per share
- Annual
Distribution history
QQH Risk
- 20.1%
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.
- 1.00
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.
- −41.9%
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.
- 1.37
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
0.98%
QQH0.98%
- The middle half of Technology (Broad) funds
- Median 0.45%
Every other Technology (Broad) fund charges less.
Other funds in Technology (Broad)
- DTTEQT. Rowe Price Technology ETFExpense ratio 0.63%1 year return +37.7%
- DGTEKGoldman Sachs Future Tech Leaders Equity ETFExpense ratio 0.75%1 year return +54.9%
- FSEMIColumbia Select Technology ETFExpense ratio 0.75%1 year return +35.7%
- FTEKiShares Technology Opportunities Active ETFExpense ratio 0.77%1 year return +33.3%
- FGGTLGabelli Global Technology Leaders ETFExpense ratio 0.90%1 year return +30.7%