CANC vs. IYH
Compare and contrast key facts about Tema Oncology ETF (CANC) and iShares U.S. Healthcare ETF (IYH).
CANC and IYH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANC is an actively managed fund by Tema. It was launched on Aug 14, 2023. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CANC or IYH.
Key characteristics
| CANC | IYH | |
|---|---|---|
| YTD Return | 12.36% | 15.68% |
| 1Y Return | 27.30% | 23.89% |
| Sharpe Ratio | 1.20 | 2.18 |
| Daily Std Dev | 21.01% | 10.94% |
| Max Drawdown | -16.48% | -41.50% |
| Current Drawdown | -1.00% | -0.71% |
Correlation
The correlation between CANC and IYH is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CANC vs. IYH - Performance Comparison
In the year-to-date period, CANC achieves a 12.36% return, which is significantly lower than IYH's 15.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CANC vs. IYH - Expense Ratio Comparison
CANC has a 0.75% expense ratio, which is higher than IYH's 0.43% expense ratio.
Risk-Adjusted Performance
CANC vs. IYH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Oncology ETF (CANC) and iShares U.S. Healthcare ETF (IYH). 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.
Dividends
CANC vs. IYH - Dividend Comparison
CANC's dividend yield for the trailing twelve months is around 0.50%, less than IYH's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CANC Tema Oncology ETF | 0.50% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYH iShares U.S. Healthcare ETF | 1.07% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.01% | 1.04% | 1.11% |
Drawdowns
CANC vs. IYH - Drawdown Comparison
The maximum CANC drawdown since its inception was -16.48%, smaller than the maximum IYH drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for CANC and IYH. For additional features, visit the drawdowns tool.
Volatility
CANC vs. IYH - Volatility Comparison
Tema Oncology ETF (CANC) has a higher volatility of 5.79% compared to iShares U.S. Healthcare ETF (IYH) at 2.32%. This indicates that CANC's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.