HRTS vs. FSPCX

Last updated Jul 17, 2026

HRTS (Tema Obesity & Cardiometabolic ETF) and FSPCX (Fidelity Select Insurance Portfolio) are both funds - HRTS is a Health & Biotech Equities fund actively managed by Tema, while FSPCX is a Financials Equities fund managed by Fidelity. Over the past year, HRTS returned 28.51% vs 7.66% for FSPCX. At a 0.29 correlation, their price movements are largely independent. HRTS charges 0.75%/yr vs 0.78%/yr for FSPCX.

Performance

HRTS vs. FSPCX - Performance Comparison

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

Returns By Period

In the year-to-date period, HRTS achieves a 3.50% return, which is significantly lower than FSPCX's 5.62% return.

HRTS

• 1D: 1.51%
• 1M: 6.49%
• 6M: 1.90%
• YTD: 3.50%
• 1Y: 28.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSPCX

• 1D: -2.30%
• 1M: 5.78%
• 6M: 8.78%
• YTD: 5.62%
• 1Y: 7.66%
• 3Y*: 16.39%
• 5Y*: 13.93%
• 10Y*: 12.74%

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

HRTS vs. FSPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HRTS Tema Obesity & Cardiometabolic ETF	3.50%	23.93%	-4.30%	13.88%
FSPCX Fidelity Select Insurance Portfolio	5.62%	3.45%	28.44%	2.72%

Correlation

The correlation between HRTS and FSPCX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.29

Return for Risk

HRTS vs. FSPCX — Risk / Return Rank

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

HRTS

HRTS Risk / Return Rank: 63
HRTS Sharpe Ratio Rank: 67
HRTS Sortino Ratio Rank: 74
HRTS Omega Ratio Rank: 61
HRTS Calmar Ratio Rank: 65
HRTS Martin Ratio Rank: 47

FSPCX

FSPCX Risk / Return Rank: 10
FSPCX Sharpe Ratio Rank: 9
FSPCX Sortino Ratio Rank: 9
FSPCX Omega Ratio Rank: 9
FSPCX Calmar Ratio Rank: 13
FSPCX Martin Ratio Rank: 9

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.

HRTS vs. FSPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and Fidelity Select Insurance Portfolio (FSPCX). 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.

	HRTS	FSPCX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	0.53	+1.20
Sortino ratio: Return per unit of downside risk	2.65	0.87	+1.78
Omega ratio: Gain probability vs. loss probability	1.30	1.11	+0.19
Calmar ratio: Return relative to maximum drawdown	2.60	0.87	+1.73
Martin ratio: Return relative to average drawdown	6.25	1.77	+4.49

HRTS vs. FSPCX - Sharpe Ratio Comparison

The current HRTS Sharpe Ratio is 1.74, which is higher than the FSPCX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of HRTS and FSPCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HRTS vs. FSPCX - Drawdown Comparison

The maximum HRTS drawdown since its inception was -25.81%, smaller than the maximum FSPCX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for HRTS and FSPCX.

Drawdown Indicators

	HRTS	FSPCX	Difference
Max Drawdown Largest peak-to-trough decline	-25.81%	-69.48%	+43.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-9.98%	-1.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.68%	—
Current Drawdown Current decline from peak	-2.77%	-4.15%	+1.38%
Average Drawdown Average peak-to-trough decline	-8.79%	-9.69%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	4.90%	-0.33%

Volatility

HRTS vs. FSPCX - Volatility Comparison

The current volatility for Tema Obesity & Cardiometabolic ETF (HRTS) is 5.47%, while Fidelity Select Insurance Portfolio (FSPCX) has a volatility of 6.77%. This indicates that HRTS experiences smaller price fluctuations and is considered to be less risky than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRTS	FSPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	6.77%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	12.26%	12.48%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	16.32%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.11%	17.61%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	20.08%	-0.97%

HRTS vs. FSPCX - Expense Ratio Comparison

HRTS has a 0.75% expense ratio, which is lower than FSPCX's 0.78% expense ratio.

Dividends

HRTS vs. FSPCX - Dividend Comparison

HRTS's dividend yield for the trailing twelve months is around 1.29%, less than FSPCX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSPCX Fidelity Select Insurance Portfolio	4.46%	3.35%	8.72%	8.48%	0.74%	8.40%	8.80%	6.90%	32.69%	12.52%	2.81%	3.11%
HRTS Tema Obesity & Cardiometabolic ETF	1.29%	1.34%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HRTS and FSPCX in my portfolio?

HRTS and FSPCX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HRTS or FSPCX?

FSPCX has higher volatility (6.77%) compared to HRTS (5.47%). In terms of maximum drawdown, HRTS dropped -25.81% vs FSPCX's -69.48%.

Which has better risk-adjusted returns?

HRTS currently has the higher Sharpe Ratio (1.74 vs 0.53), 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.