Hedgeye Asset Management rolled out its first actively managed ETF, one that’s designed for resilience, if not returns. The Hedgeye Capital Allocation ETF (NYSE:HECA) debuted today with a goal: pursue long-term capital appreciation with less than 15% portfolio drawdowns.
The ETF blends traditional asset allocation principles with a proprietary, data-driven approach that relies heavily on Hedgeye’s in-house macroeconomic (“Quads”) and market-derived (“Signals”) models. Central to the process is “Hubble,” an algorithm used to rank ETFs and securities across macro regimes.
