Hedgeye Capital Allocation ETF
Hedgeye Capital Allocation ETF (AMEX: HECA) is an exchange-traded fund listed on NYSE Arca, trading at $27.22 (about ₹2,615 a unit) as of 29 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.81%. Indian residents can buy HECA through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$27.14
Today's high
$27.32
52 week low
$26.66
52 week high
$30.90
HECA opened at $27.14, closed previously at $27.25, and has traded between $26.66 and $30.90 over the past 52 weeks.
About
The Hedgeye Capital Allocation ETF (HECA) employs a dynamic, multi-asset investment strategy. Its primary objective is to maximize capital appreciation over rolling 12-month periods while strictly limiting potential drawdowns to a maximum of 15%. The fund diversifies its holdings across various asset classes, including equities, fixed income instruments, commodities, and currencies. At the heart of HECA's approach is its proprietary "Quad" model. This regime-based, quantitative framework systematically analyzes the directional shifts in key macroeconomic indicators: economic growth, inflation, and monetary policy trends. Portfolio construction and asset allocation are directly informed by these macro signals, strategically aligning investments with prevailing market environments. To further refine its strategy, the fund supplements this framework with both internal analysis and external research to pinpoint nascent themes and emergent investment opportunities. While primarily gaining exposure through US-listed Exchange Traded Funds (ETFs), HECA also retains the flexibility to invest in individual equity and debt securities. An options overlay is an integral component of the strategy, utilized for hedging against downside risk, fine-tuning exposure levels, or enhancing potential returns. Importantly, the portfolio maintains full flexibility, without predetermined geographical allocation limits.
Key statistics
Expense ratio
0.81%
Assets (AUM)
$273.2M
Holdings
—
NAV
$27.32
Avg. volume
—
1-year price change
-0.29%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 81.2% of the fund.
Where the money is invested
Countries
How to buy HECA from India
Indian residents can buy HECA units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search HECA and buy
Find the fund by its ticker, HECA, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in HECA from India
Trading and taxes when buying HECA from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the HECA price today?
Hedgeye Capital Allocation ETF (HECA) last traded at $27.22 on NYSE Arca, as of 29 Sep 2026, 3:59 PM ET. That is ₹2,615 a unit at the 29 Sep 2026 USD/INR rate.
When does HECA trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is HECA, and what does it cost to hold?
Hedgeye Capital Allocation ETF manages about $273.2M. Its expense ratio is 0.81% a year, deducted inside the fund. It launched in 2025.
What are HECA's largest holdings?
The top three are First American Government Obligations Fund 12/01/2031 (18.0%), Invesco Senior Loan ETF (13.0%) and Janus Henderson AAA CLO ETF (13.0%). HECA's 10 largest positions make up 81.2% of the fund.
Does HECA pay dividends?
Yes. HECA is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on HECA taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of HECA?
Yes. You can buy HECA by amount rather than by whole unit, and there is no minimum trade size.
How has HECA performed?
HECA's price is down 0.3% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.