DISK vs. HRTS

Last updated Jul 27, 2026

DISK (Tema Memory ETF) and HRTS (Tema Obesity & Cardiometabolic ETF) are both exchange-traded funds - DISK is a Semiconductors fund actively managed by Tema, while HRTS is a Health & Biotech Equities fund actively managed by Tema. Both are actively managed. Their -0.45 correlation means they have often moved in opposite directions in the past. Both charge a 0.75% expense ratio.

Performance

DISK vs. HRTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Memory ETF (DISK) and Tema Obesity & Cardiometabolic ETF (HRTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DISK

• 1D: -9.86%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HRTS

• 1D: 0.43%
• 1M: 0.99%
• 6M: 0.66%
• YTD: 3.58%
• 1Y: 26.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DISK Tema Memory ETF	$13.68M	$15.67M	$15.67M
HRTS Tema Obesity & Cardiometabolic ETF	$120.94K	$160.40K	$184.40K

DISK vs. HRTS - Yearly Performance Comparison

	2026 (YTD)
DISK Tema Memory ETF	-30.68%
HRTS Tema Obesity & Cardiometabolic ETF	-0.20%

Correlation

The correlation between DISK and HRTS is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	-0.45

Return for Risk

DISK vs. HRTS — Risk / Return Rank

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

DISK

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HRTS

HRTS Risk / Return Rank: 68
HRTS Sharpe Ratio Rank: 73
HRTS Sortino Ratio Rank: 79
HRTS Omega Ratio Rank: 68
HRTS Calmar Ratio Rank: 70
HRTS Martin Ratio Rank: 52

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.

DISK vs. HRTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Memory ETF (DISK) and Tema Obesity & Cardiometabolic ETF (HRTS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DISK	HRTS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.54	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.49	—
Martin ratio: Return relative to average drawdown	—	5.94	—

Drawdowns

DISK vs. HRTS - Drawdown Comparison

The maximum DISK drawdown since its inception was -32.90%, which is greater than HRTS's maximum drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for DISK and HRTS.

Drawdown Indicators

	DISK	HRTS	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-25.81%	-7.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.01%	—
Current Drawdown Current decline from peak	-32.90%	-2.70%	-30.20%
Average Drawdown Average peak-to-trough decline	-21.04%	-8.75%	-12.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.60%	—

Volatility

Volatility by Period

	DISK	HRTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	110.87%	16.34%	+94.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.87%	19.07%	+91.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.87%	19.07%	+91.80%

DISK vs. HRTS - Expense Ratio Comparison

Both DISK and HRTS have an expense ratio of 0.75%.

Dividends

DISK vs. HRTS - Dividend Comparison

DISK has not paid dividends to shareholders, while HRTS's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024
DISK Tema Memory ETF	0.00%	0.00%	0.00%
HRTS Tema Obesity & Cardiometabolic ETF	1.29%	1.34%	1.63%

Frequently Asked Questions

Can I hold both DISK and HRTS in my portfolio?

DISK and HRTS have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DISK or HRTS?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DISK or HRTS?

DISK and HRTS have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, DISK or HRTS?

HRTS has the higher dividend yield at 1.29%, compared with 0.00% for DISK.

What is the main difference between DISK and HRTS?

DISK is categorized as Semiconductors, while HRTS is Health & Biotech Equities.