HRTS vs. FSPCX
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 25.88% vs -2.13% for FSPCX. At a 0.28 correlation, their price movements are largely independent. HRTS charges 0.75%/yr vs 0.78%/yr for FSPCX.
Performance
HRTS vs. FSPCX - Performance Comparison
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Returns By Period
In the year-to-date period, HRTS achieves a -1.45% return, which is significantly lower than FSPCX's -1.11% return.
HRTS
- 1D
- 1.50%
- 1M
- 1.21%
- YTD
- -1.45%
- 6M
- -2.09%
- 1Y
- 25.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSPCX
- 1D
- 0.29%
- 1M
- 0.38%
- YTD
- -1.11%
- 6M
- -1.93%
- 1Y
- -2.13%
- 3Y*
- 14.12%
- 5Y*
- 12.61%
- 10Y*
- 12.57%
HRTS vs. FSPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HRTS Tema Obesity & Cardiometabolic ETF | -1.45% | 23.93% | -4.30% | 13.88% |
FSPCX Fidelity Select Insurance Portfolio | -1.11% | 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 | 0.28 |
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Return for Risk
HRTS vs. FSPCX — Risk / Return Rank
HRTS
FSPCX
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 ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.08 | +2.44 |
| Martin ratioReturn relative to average drawdown | 5.70 | -0.16 | +5.86 |
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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.
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Drawdown Indicators
| HRTS | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -5.04% | -5.80% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -9.70% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 5.01% | -0.46% |
Volatility
HRTS vs. FSPCX - Volatility Comparison
Tema Obesity & Cardiometabolic ETF (HRTS) has a higher volatility of 5.41% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.06%. This indicates that HRTS's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRTS | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 5.06% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 10.96% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 15.48% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 17.48% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 20.12% | -1.04% |
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 1.36%, less than FSPCX's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.76% | 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 | 1.36% | 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
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.
HRTS has higher volatility (5.41%) compared to FSPCX (5.06%). In terms of maximum drawdown, HRTS dropped -25.81% vs FSPCX's -69.48%.
HRTS currently has the higher Sharpe Ratio (1.60 vs -0.05), 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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