ELM vs HEFT
Elm Market Navigator ETF against Hedgeye Fourth Turning ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
8%
1 shared positions
Fee gap
46 bp
ELM is cheaper
1-year return gap
—
Larger fund
ELM
$595M
Side by side
| ELM | HEFT | |
|---|---|---|
| Fund | Elm Market Navigator ETF | Hedgeye Fourth Turning ETF |
| Issuer | Elm | Hedgeye |
| Category | Tactical & Rotation | Allocation |
| Expense ratio | 0.24% | 0.70% |
| Assets | $595M | $84M |
| Average daily dollar volume | $746K | $419K |
| Listed | Feb 10, 2025 | Nov 20, 2025 |
| FrenzyCap score | 50 | 34 |
| 1-month return | 0.0% | +0.8% |
| 3-month return | +1.0% | +2.0% |
| Year to date | +7.9% | +5.7% |
| 1-year return | +6.6% | — |
| 30-day volatility | 6.8% | 5.3% |
| Worst drawdown, 1 year | −7.5% | −9.2% |
| Trailing 12-month yield | 2.51% | 0.02% |
| Holdings | 19 | 68 |
| Top 10 weight | 89.7% | 61.4% |
| Look-through P/E | — | 23.9 |
| Holdings vs fair value | — | +16.9% |
| Holdings above 200-day average | — | 50% |
| Net flow, latest 3 reported months | +$15M thru Jun 2026 | −$21M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
23% of ELM · 8% of HEFT| Holding | ELM | HEFT |
|---|---|---|
| VTI | 22.96% | 7.71% |
Sector mix of the stock holdings
| Sector | ELM | HEFT | Gap |
|---|---|---|---|
| Health Care | 0.0% | 2.4% | −2.4% |
| Utilities | 0.0% | 2.1% | −2.1% |
| Consumer Staples | 0.0% | 1.5% | −1.5% |
| Consumer Discretionary | 0.0% | 1.1% | −1.1% |
| Industrials | 0.0% | 1.1% | −1.1% |
| Technology | 0.0% | 1.0% | −1.0% |
More: full overlap table · ELM holdings · HEFT holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.