HART vs. ^SP500TR
Compare and contrast key facts about IQ Healthy Hearts ETF (HART) and S&P 500 Total Return (^SP500TR).
HART is a passively managed fund by New York Life that tracks the performance of the IQ Candriam Healthy Hearts Index. It was launched on Jan 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HART or ^SP500TR.
Key characteristics
| HART | ^SP500TR | |
|---|---|---|
| YTD Return | 15.34% | 19.13% |
| 1Y Return | 18.90% | 26.70% |
| 3Y Return (Ann) | 6.84% | 9.91% |
| Sharpe Ratio | 1.72 | 2.17 |
| Daily Std Dev | 11.24% | 12.79% |
| Max Drawdown | -17.40% | -55.25% |
| Current Drawdown | -1.36% | -0.50% |
Correlation
The correlation between HART and ^SP500TR is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HART vs. ^SP500TR - Performance Comparison
In the year-to-date period, HART achieves a 15.34% return, which is significantly lower than ^SP500TR's 19.13% 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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Risk-Adjusted Performance
HART vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Healthy Hearts ETF (HART) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
HART vs. ^SP500TR - Drawdown Comparison
The maximum HART drawdown since its inception was -17.40%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for HART and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
HART vs. ^SP500TR - Volatility Comparison
The current volatility for IQ Healthy Hearts ETF (HART) is 2.60%, while S&P 500 Total Return (^SP500TR) has a volatility of 4.37%. This indicates that HART experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.