HQH vs. USA
HQH (Tekla Healthcare Investors) and USA (Liberty All-Star Equity Fund) are both stocks. Both are in the Financial Services sector — HQH in Asset Management, USA in Collective Investments. Over the past 10 years, HQH returned 8.18%/yr vs 12.11%/yr for USA. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
HQH vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, HQH achieves a 22.72% return, which is significantly higher than USA's 0.57% return. Over the past 10 years, HQH has underperformed USA with an annualized return of 8.18%, while USA has yielded a comparatively higher 12.11% annualized return.
HQH
- 1D
- -0.77%
- 1M
- -0.73%
- 6M
- 21.69%
- YTD
- 22.72%
- 1Y
- 57.10%
- 3Y*
- 23.06%
- 5Y*
- 7.66%
- 10Y*
- 8.18%
- ALL TIME*
- 10.59%
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.99M | $5.83M | $4.15M | |
| $8.20M | $9.40M | $8.31M |
HQH vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 22.72% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
USA Liberty All-Star Equity Fund | 0.57% | 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 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.40 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HQH:
$1.25B
USA:
$1.79B
HQH:
$6.05
USA:
$1.40
HQH:
3.61
USA:
4.14
HQH:
36.86
USA:
4.92
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 | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.01 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | -0.03 | +4.51 |
| Martin ratioReturn relative to average drawdown | 15.38 | -0.08 | +15.46 |
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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% | -13.65% | +0.64% |
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 | -1.13% | -4.83% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -20.97% | -11.50% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 5.16% | -1.38% |
Volatility
HQH vs. USA - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 4.89% compared to Liberty All-Star Equity Fund (USA) at 3.74%. 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 | 4.89% | 3.74% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 10.80% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 14.11% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 20.11% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 22.56% | -1.18% |
Dividends
HQH vs. USA - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 10.62%, less than USA's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 10.62% | 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 | 11.53% | 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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQH has higher volatility (4.89%) compared to USA (3.74%). In terms of maximum drawdown, HQH dropped -62.36% vs USA's -69.15%.
HQH currently has the higher Sharpe Ratio (2.86 vs -0.03), 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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