HEFT vs RAA
Hedgeye Fourth Turning ETF against SMI 3Fourteen REAL Asset Allocation ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
9%
2 shared positions
Fee gap
20 bp
HEFT is cheaper
1-year return gap
—
Larger fund
RAA
$595M
Side by side
| HEFT | RAA | |
|---|---|---|
| Fund | Hedgeye Fourth Turning ETF | SMI 3Fourteen REAL Asset Allocation ETF |
| Issuer | Hedgeye | SMI |
| Category | Allocation | Allocation |
| Expense ratio | 0.70% | 0.90% |
| Assets | $84M | $595M |
| Average daily dollar volume | $419K | $1.4M |
| Listed | Nov 20, 2025 | Feb 25, 2025 |
| FrenzyCap score | 34 | 41 |
| 1-month return | +0.8% | +0.3% |
| 3-month return | +2.0% | +3.3% |
| Year to date | +5.7% | +10.4% |
| 1-year return | — | +10.0% |
| 30-day volatility | 5.3% | 7.4% |
| Worst drawdown, 1 year | −9.2% | −6.1% |
| Trailing 12-month yield | 0.02% | 2.06% |
| Holdings | 68 | 183 |
| Top 10 weight | 61.4% | 60.3% |
| Look-through P/E | 23.9 | 28.1 |
| Holdings vs fair value | +16.9% | +1.3% |
| Holdings above 200-day average | 50% | 70% |
| Net flow, latest 3 reported months | −$21M thru Jul 2026 | +$12M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jul 31, 2026SEC filing | as of Jun 30, 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
11% of HEFT · 9% of RAA| Holding | HEFT | RAA |
|---|---|---|
| DBMF | 10.00% | 9.18% |
| Linde PLC | 0.94% | 0.19% |
Sector mix of the stock holdings
| Sector | HEFT | RAA | Gap |
|---|---|---|---|
| Technology | 1.0% | 11.7% | −10.6% |
| Energy | 0.0% | 3.9% | −3.9% |
| Consumer Discretionary | 1.1% | 2.7% | −1.6% |
| Utilities | 2.1% | 1.5% | +0.7% |
| Materials | 0.0% | 3.5% | −3.5% |
| Health Care | 2.4% | 0.8% | +1.5% |
| Industrials | 1.1% | 1.6% | −0.5% |
| Consumer Staples | 1.5% | 0.9% | +0.5% |
| Real Estate | 0.0% | 2.2% | −2.2% |
| Communication Services | 0.0% | 0.5% | −0.5% |
| Financials | 0.0% | 0.4% | −0.4% |
More: full overlap table · HEFT holdings · RAA 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.