HQH vs. USA
HQH (Tekla Healthcare Investors) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, HQH returned 8.60%/yr vs 12.16%/yr for USA. At a 0.42 correlation, their price movements are largely independent.
Performance
HQH vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, HQH achieves a 15.08% return, which is significantly higher than USA's -4.98% return. Over the past 10 years, HQH has underperformed USA with an annualized return of 8.60%, while USA has yielded a comparatively higher 12.16% annualized return.
HQH
- 1D
- 1.29%
- 1M
- 5.19%
- YTD
- 15.08%
- 6M
- 13.64%
- 1Y
- 53.16%
- 3Y*
- 19.40%
- 5Y*
- 6.69%
- 10Y*
- 8.60%
USA
- 1D
- -1.22%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -4.67%
- 1Y
- -4.39%
- 3Y*
- 7.02%
- 5Y*
- 0.89%
- 10Y*
- 12.16%
HQH vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 15.08% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
USA Liberty All-Star Equity Fund | -4.98% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between HQH and USA is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988 | 0.42 |
The correlation between HQH and USA shifts across timeframes, from 0.42 (all time) to 0.53 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HQH:
$6.05
USA:
$1.42
HQH:
3.38
USA:
3.98
HQH:
34.56
USA:
4.74
HQH:
$32.46M
USA:
$355.74M
HQH:
$27.34M
USA:
$329.90M
HQH:
$173.45M
USA:
$305.11M
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Return for Risk
HQH vs. USA — Risk / Return Rank
HQH
USA
HQH vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Healthcare Investors (HQH) and Liberty All-Star Equity Fund (USA). 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.
| HQH | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.96 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | -0.29 | +4.39 |
| Martin ratioReturn relative to average drawdown | 14.32 | -0.67 | +14.99 |
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Drawdowns
HQH vs. USA - Drawdown Comparison
The maximum HQH drawdown since its inception was -62.36%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for HQH and USA.
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Drawdown Indicators
| HQH | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -69.15% | +6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -15.28% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -17.69% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.55% | -34.05% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.55% | -47.07% | +9.52% |
Current DrawdownCurrent decline from peak | 0.00% | -10.08% | +10.08% |
Average DrawdownAverage peak-to-trough decline | -21.02% | -11.51% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 6.52% | -2.80% |
Volatility
HQH vs. USA - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 5.96% compared to Liberty All-Star Equity Fund (USA) at 4.56%. This indicates that HQH's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HQH | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 4.56% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 10.82% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 13.94% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 20.31% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 22.58% | -1.07% |
Dividends
HQH vs. USA - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 11.33%, less than USA's 12.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 11.33% | 11.56% | 14.21% | 9.66% | 9.50% | 8.59% | 7.97% | 8.24% | 10.75% | 8.78% | 9.80% | 11.97% |
USA Liberty All-Star Equity Fund | 12.04% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
HQH vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Tekla Healthcare Investors and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HQH and USA have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQH has higher volatility (5.96%) compared to USA (4.56%). In terms of maximum drawdown, HQH dropped -62.36% vs USA's -69.15%.
HQH currently has the higher Sharpe Ratio (2.61 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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