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 8.39%/yr vs 12.22%/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 18.67% return, which is significantly higher than USA's 0.24% return. Over the past 10 years, HQH has underperformed USA with an annualized return of 8.39%, while USA has yielded a comparatively higher 12.22% annualized return.
HQH
- 1D
- -2.18%
- 1M
- 9.15%
- 6M
- 17.25%
- YTD
- 18.67%
- 1Y
- 51.54%
- 3Y*
- 20.93%
- 5Y*
- 7.61%
- 10Y*
- 8.39%
USA
- 1D
- 0.34%
- 1M
- 3.83%
- 6M
- -1.64%
- YTD
- 0.24%
- 1Y
- -3.40%
- 3Y*
- 6.94%
- 5Y*
- 1.37%
- 10Y*
- 12.22%
HQH vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 18.67% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
USA Liberty All-Star Equity Fund | 0.24% | 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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
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 0.40 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HQH:
$1.21B
USA:
$1.84B
HQH:
$6.05
USA:
$1.40
HQH:
3.49
USA:
4.25
HQH:
35.64
USA:
5.05
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 | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.97 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | -0.24 | +4.22 |
| Martin ratioReturn relative to average drawdown | 13.88 | -0.59 | +14.48 |
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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% | -14.30% | +1.29% |
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 | -4.39% | -5.15% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -11.51% | -9.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 5.97% | -2.25% |
Volatility
HQH vs. USA - Volatility Comparison
Tekla Healthcare Investors (HQH) has a higher volatility of 5.85% compared to Liberty All-Star Equity Fund (USA) at 4.78%. 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 | 5.85% | 4.78% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 10.84% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 13.97% | +6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 20.19% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 22.56% | -1.16% |
Dividends
HQH vs. USA - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 10.98%, less than USA's 11.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 10.98% | 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 | 11.41% | 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 (5.85%) compared to USA (4.78%). In terms of maximum drawdown, HQH dropped -62.36% vs USA's -69.15%.
HQH currently has the higher Sharpe Ratio (2.51 vs -0.24), 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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