The firm's lasting product shelf is its strength. Its five-year risk-adjusted success ratio of 100% means that 100% of its strategies have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. Longest-tenured managers’ average tenure within the firm is slim, four years, compared with peer firms. This contributes negatively to the rating, as the current managers have limited experience running strategies at the firm. With an average three-year Morningstar Rating of 2.0 stars, the risk-adjusted performance of Hoya Capital's open-end and exchange-traded funds falls short of competitors.
In a competitive industry, Hoya Capital does n't differentiate itself enough, leading to an Average Parent Pillar rating.
United States