ETF Evaluator:
AdvisorShares HVAC and Industrials ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Industrials Over the Last Year
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ETF Details
AdvisorShares HVAC and Industrials ETF Overview
AdvisorShares HVAC and Industrials ETF (HVAC) is an actively managed Sector Equity Industrials exchange-traded fund (ETF). AdvisorShares launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing in U.S. exchange traded equity securities consisting of common stock and ADRs of companies of any market capitalization. ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The fund is non-diversified.
About AdvisorShares HVAC and Industrials ETF (HVAC)
There are 1 members of the management team with an average tenure of 1.74 years: Dan Ahrens (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
AdvisorShares HVAC and Industrials ETF has 26 securities in its portfolio. The top 10 holdings constitute 50.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
AdvisorShares HVAC and Industrials ETF is part of the Equity global asset class and is within the Sector Equity ETF group. AdvisorShares HVAC and Industrials ETF has 13.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.3% There is 13.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AdvisorShares HVAC and Industrials ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HVAC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AdvisorShares HVAC and Industrials ETF expense ratio is high compared to funds in the Industrials category. AdvisorShares HVAC and Industrials ETF has an expense ratio of 1.00%, which is 99% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AdvisorShares HVAC and Industrials ETF has a portfolio turnover rate of 174%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Industrials category.
Recently, in the month of October 2026, AdvisorShares HVAC and Industrials ETF returned -10.0%, which earned it a grade of F, as the Industrials category had an average return of -2.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
AdvisorShares HVAC and Industrials ETF has a trailing yield of 0.20%, which is below the 1.03% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AdvisorShares HVAC and Industrials ETF Grades
Year to date, the ETF has returned -1.4%, 7.2 percentage points worse than the category, which translates into a grade of D. The fund has returned -7.5% over the past year (grade of F).
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HVAC Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HVAC Return (NAV) | -10.0% | -13.0% | -7.5% | na | na | na |
| HVAC Return (Price) | -10.1% | -13.4% | -7.8% | na | na | na |
| NAV +/- Price Return | 0.112% | 0.376% | 0.300% | na | na | na |
| Industrials Avg | -2.3% | -6.3% | 4.9% | 22.0% | 9.9% | 12.5% |
| HVAC Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -7.8% | -6.7% | -12.4% | na | na | na |
| HVAC Tax-Cost Ratio | na | na | 0.1% | na | na | na |
HVAC Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HVAC Return (NAV) | -1.4% | na | na | na | na | na | na | na | na | na | na |
| HVAC Return (Price) | -1.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.070% | na | na | na | na | na | na | na | na | na | na |
| Industrials Avg | 5.8% | 27.6% | 14.8% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| HVAC Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -7.2% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.2% |
| Total Assets: | $ 11 Mil |
| Share Class Assets: | $ 11 Mil |
| Turnover: | 174.0% |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Ahrens Dan (2025) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 50.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 13.5% |
Portfolio Allocation |
|
| Domestic Stock: | 85.3% |
| Foreign Stock: | 13.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | AdvisorShares |
| Phone Number: | 877-843-3831 |
| Website: | www.advisorshares.com |
| Inception Date: | February 3, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.50% |
