CANC vs. BBOT

Last updated Apr 1, 2026

Compare and contrast key facts about Tema Oncology ETF (CANC) and BridgeBio Oncology Therapeutics, Inc (BBOT).

CANC is an actively managed fund by Tema. It was launched on Aug 14, 2023.

Performance

CANC vs. BBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Oncology ETF (CANC) and BridgeBio Oncology Therapeutics, Inc (BBOT). The values are adjusted to include any dividend payments, if applicable.

CANC vs. BBOT - Yearly Performance Comparison

	2026 (YTD)	2025
CANC Tema Oncology ETF	5.69%	35.85%
BBOT BridgeBio Oncology Therapeutics, Inc	-28.51%	29.74%

Returns By Period

In the year-to-date period, CANC achieves a 5.69% return, which is significantly higher than BBOT's -28.51% return.

CANC

• 1D: 4.66%
• 1M: -2.88%
• YTD: 5.69%
• 6M: 27.93%
• 1Y: 52.46%
• 3Y*: 140.00%
• 5Y*: —
• 10Y*: —

BBOT

• 1D: 3.11%
• 1M: -10.77%
• YTD: -28.51%
• 6M: -22.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CANC vs. BBOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CANC

CANC Risk / Return Rank: 90
CANC Sharpe Ratio Rank: 89
CANC Sortino Ratio Rank: 90
CANC Omega Ratio Rank: 82
CANC Calmar Ratio Rank: 94
CANC Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CANC vs. BBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Oncology ETF (CANC) and BridgeBio Oncology Therapeutics, Inc (BBOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CANC	BBOT	Difference
Sharpe ratio Return per unit of total volatility	1.94	—	—
Sortino ratio Return per unit of downside risk	2.59	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	3.86	—	—
Martin ratio Return relative to average drawdown	13.76	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CANC	BBOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-0.15	+0.11

Correlation

The correlation between CANC and BBOT is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CANC vs. BBOT - Dividend Comparison

CANC's dividend yield for the trailing twelve months is around 0.05%, while BBOT has not paid dividends to shareholders.

	TTM	2025	2024	2023
CANC Tema Oncology ETF	0.05%	0.06%	3.00%	0.56%
BBOT BridgeBio Oncology Therapeutics, Inc	0.00%	0.00%	0.00%	0.00%

Drawdowns

CANC vs. BBOT - Drawdown Comparison

The maximum CANC drawdown since its inception was -97.53%, which is greater than BBOT's maximum drawdown of -36.78%. Use the drawdown chart below to compare losses from any high point for CANC and BBOT.

Drawdown Indicators

	CANC	BBOT	Difference
Max Drawdown Largest peak-to-trough decline	-97.53%	-36.78%	-60.75%
Max Drawdown (1Y) Largest decline over 1 year	-12.40%	—	—
Current Drawdown Current decline from peak	-56.19%	-34.81%	-21.38%
Average Drawdown Average peak-to-trough decline	-73.91%	-14.11%	-59.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	CANC	BBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.24%	75.44%	-48.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	285.66%	75.44%	+210.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	285.66%	75.44%	+210.22%