GMET vs HECO
VanEck Green Metals ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF
Which is better, GMET or HECO?
Each has led over a different period.
GMET has a lower expense ratio. GMET led over the full window, HECO over 1Y. GMET is less concentrated, with 52.1% of the fund in its ten largest positions against 65.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GMET | HECO |
|---|---|---|
| Expense Ratio | 0.61%Best | 0.90% |
| AUM | $26M | $74M |
| Dividend Yield | 1.17% | 0.00% |
| Holdings | 56 | 55 |
| Volatility (annualized) | 27.1%Best | 46.3% |
| Max Drawdown | -36.1%Best | -44.6% |
| $10,000 over 1.4 years | $21,002Best | $17,280 |
| Top 10 Weight | 52.1%Best | 65.3% |
| Fund Family | VanEck | State Street Investment Management |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 9, 2021 | Sep 9, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 244 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GMET has data through Feb 12, 2026 and HECO through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Sep 10, 2024 to Feb 12, 2026 (1.4 years).
Risk: Volatility and Drawdowns
HECO has been the more volatile fund, with annualized monthly volatility of 46.3% compared with 27.1% for GMET. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -36.1% for GMET and -44.6% for HECO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GMET charges 0.61% per year while HECO charges 0.90%. On a $10,000 position that is $61 vs $90 annually, a gap of $29 per year that compounds over a long holding period. On income, GMET currently yields 1.17% against 0.00% for HECO.
Holdings Overlap
We hold position weights for 53 holdings in GMET and 31 in HECO, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 346 days apart, GMET as of Sep 30, 2025 and HECO as of Sep 11, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 53 positions we hold weights for in GMET and 31 in HECO, against full books of 56 and 55.
What only one of them owns
Our book lists 27 positions for HECO that do not appear in our book for GMET (92.5% of the fund), and 4 for GMET that do not appear in HECO (13.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GMET and HECO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMET or HECO?
GMET has an expense ratio of 0.61% while HECO charges 0.90%. GMET is the cheaper option, by $29 a year on a $10,000 investment.
Which is riskier, GMET or HECO?
HECO has been the more volatile fund at 46.3% annualized versus 27.1% for GMET. Worst drawdown: GMET -36.1% vs HECO -44.6%.
Should I hold both GMET and HECO?
GMET and HECO have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GMET or HECO?
GMET yields 1.17% while HECO yields 0.00%, so GMET currently pays the higher dividend yield.
Is HECO better than GMET?
GMET has a lower expense ratio. GMET led over the full window, HECO over 1Y. GMET is less concentrated, with 52.1% of the fund in its ten largest positions against 65.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.