Tuttle Capital Concentrated Memory Stack ETF
HBMX - ETF AI Analysis
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Tuttle Capital Concentrated Memory Stack ETF (HBMX)
HBMX’s rating reflects a portfolio tilted toward strong, AI- and memory-related semiconductor names like Micron and Onto Innovation, which benefit from solid financial performance, positive earnings calls, and supportive technical trends. ASML, Camtek, Lam Research, and Rambus further lift the fund’s quality through profitability and strategic positioning in advanced chip technologies, though several holdings face high valuation concerns and exposure to China-related demand or regulatory risks. Weaker names such as SanDisk, with financial and valuation challenges, slightly weigh on the rating, and the main risk factor is the fund’s concentration in a single, cyclical sector tied to semiconductors and high-bandwidth memory.
HBMX vs. SPDR S&P 500 ETF (SPY)
- AUM
- 18.50M
- Region
- Global
- Expense Ratio
- 0.95%
- Beta
- 3.34
- Issuer
- Tuttle Capital
- Inception Date
- Jun 02, 2026
- Dividend Yield
- N/A
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
HBMX Summary
HBMX is the Tuttle Capital Concentrated Memory Stack ETF, a fund focused on companies tied to computer memory and chips, especially those powering AI, cloud computing, and big data. It doesn’t track a broad index, but instead follows a memory-technology theme, holding firms that make or support DRAM, NAND, and high-bandwidth memory. Well-known names in the fund include Micron and ASML. Someone might invest for targeted growth in the memory chip boom rather than a general tech fund. However, because it’s concentrated in one corner of the tech sector, its price can swing sharply up or down.
How much will it cost me?
This ETF has an expense ratio of 0.95%, which means you’ll pay about $9.50 per year for every $1,000 invested. That’s higher than the average ETF because it’s actively managed and focuses on a specialized niche in memory semiconductor stocks, which typically costs more to run than broad, passive index funds.
What would affect this ETF?
HBMX could benefit if demand for AI, cloud computing, and data centers keeps growing, since its concentrated mix of global memory chip makers and equipment suppliers like Micron, ASML, and Applied Materials is closely tied to these trends. On the downside, the fund may be hurt by rising interest rates, slowdowns in tech spending, sharp swings in the semiconductor cycle, or new trade and export rules that restrict global chip and equipment sales.
HBMX Top 10 Holdings
HBMX is a pure play on the global memory chip boom, with Micron and SK Hynix acting as the core DRAM engines—Micron has been rising over the year while SK Hynix is still lagging and weighing on returns. Equipment and testing names like Advantest, Lam Research, and ASML form the toolkit behind the memory buildout, with performance more mixed lately as investors debate valuations. Smaller players such as Penguin Solutions and Onto Innovation add punch but also volatility. Overall, this is a tightly focused, globally diversified bet on the memory side of the semiconductor story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 MU | Micron | 9.78% | $1.81M | $917.92B | 228.47% | 79Outperform |
 ATEYY | Advantest | 8.31% | $1.54M | $137.17B | 50.53% | 59Neutral |
 PENG | Penguin Solutions | 6.77% | $1.25M | $2.97B | 151.51% | 61Neutral |
 ASML | ASML Holding | 5.69% | $1.05M | $593.22B | 46.60% | 81Outperform |
 ONTO | Onto Innovation | 5.71% | $1.06M | $10.56B | 56.96% | 82Outperform |
 SKHY | SK Hynix | 5.49% | $1.02M | $698.23B | -21.56% | ―― |
 CAMT | Camtek | 4.88% | $903.39K | $5.00B | 2.17% | 76Outperform |
 RMBS | Rambus | 4.57% | $844.55K | $9.14B | -10.98% | 78Outperform |
 LRCX | Lam Research | 4.33% | $801.05K | $294.65B | 47.35% | 77Outperform |
 KLAC | KLA | 4.22% | $780.90K | $209.79B | 31.12% | 77Outperform |
HBMX Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HBMX, the sentiment is Negative. The current price of 18.05 is below the 20-day moving average (MA) of 19.46, below the 50-day MA of 22.18, and compared to the 200-day MA of , indicating a neutral trend. The MACD of -1.31 indicates Negative momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 57.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HBMX.
HBMX Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| HBMX | $18.05 | $22.00(21.89% Upside) | $18.50M | 0.95% | 63Neutral |
 FFND | $31.35 | $38.34(22.31% Upside) | $95.25M | 0.98% | 65Neutral |
 TEK | $33.20 | $47.47(42.98% Upside) | $39.63M | 0.75% | 59Neutral |
 GGTL | $35.59 | $52.92(48.71% Upside) | $15.51M | 0.00% | 63Neutral |
 XDAT | $24.79 | $32.89(32.71% Upside) | $3.76M | 0.50% | 70Neutral |
 EYES | $28.11 | $36.45(29.69% Upside) | $1.29M | 0.35% | 67Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HBMX | Tuttle Capital Concentrated Memory Stack ETF | 18.05 | -8.68 | -32.47% | |
| FFND | Future Fund Active ETF | 31.35 | 2.05 | 7.01% | |
| TEK | iShares Technology Opportunities Active ETF | 33.20 | 3.45 | 11.58% | |
| GGTL | Gabelli Global Technology Leaders ETF | 35.59 | 4.04 | 12.81% | |
| XDAT | Franklin Exponential Data ETF | 24.79 | -1.07 | -4.13% | |
| EYES | Corgi Data & Surveillance ETF | 28.11 | 2.86 | 11.33% |
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