New ETF LOHA offers a physical-asset-focused alternative to AI-heavy tech portfolios.

The Roundhill Heavy Assets and Low Obsolescence ETF (LOHA) launched in May 2026 to provide investors exposure to 100 equally weighted U.S. companies with strong physical infrastructure and low risk of obsolescence. It targets firms like Cummins and AutoZone, whose value lies in tangible assets rather than software, aiming to serve as a counterbalance to AI and software-heavy indices. While offering diversification benefits, LOHA carries risks from capital intensity and market cycles, and it is best suited as a small portfolio sleeve for investors seeking to reduce tech concentration. Its short track record means performance across full market cycles remains unproven.