HRTS vs. ITOL

Last updated Jun 4, 2026

HRTS (Tema Obesity & Cardiometabolic ETF) and ITOL (Tema International Durable Quality ETF) are both exchange-traded funds - HRTS is a Health & Biotech Equities fund actively managed by Tema, while ITOL is a Foreign Large Cap Equities fund actively managed by Tema. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. HRTS charges 0.75%/yr vs 0.60%/yr for ITOL.

Performance

HRTS vs. ITOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Obesity & Cardiometabolic ETF (HRTS) and Tema International Durable Quality ETF (ITOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HRTS achieves a -5.70% return, which is significantly lower than ITOL's 0.58% return.

HRTS

• 1D: 0.51%
• 1M: -0.90%
• YTD: -5.70%
• 6M: -5.48%
• 1Y: 20.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOL

• 1D: 0.00%
• 1M: 1.19%
• YTD: 0.58%
• 6M: 3.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HRTS vs. ITOL - Yearly Performance Comparison

	2026 (YTD)	2025
HRTS Tema Obesity & Cardiometabolic ETF	-5.70%	16.56%
ITOL Tema International Durable Quality ETF	0.58%	3.85%

Correlation

The correlation between HRTS and ITOL is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025	0.51

Return for Risk

HRTS vs. ITOL — Risk / Return Rank

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

HRTS

HRTS Risk / Return Rank: 36
HRTS Sharpe Ratio Rank: 37
HRTS Sortino Ratio Rank: 38
HRTS Omega Ratio Rank: 33
HRTS Calmar Ratio Rank: 39
HRTS Martin Ratio Rank: 32

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. ITOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and Tema International Durable Quality ETF (ITOL). 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.

	HRTS	ITOL	Difference
Sharpe ratio Return per unit of total volatility	1.31	—	—
Sortino ratio Return per unit of downside risk	1.99	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.91	—	—
Martin ratio Return relative to average drawdown	4.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HRTS	ITOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.35	+0.20

Drawdowns

HRTS vs. ITOL - Drawdown Comparison

The maximum HRTS drawdown since its inception was -25.81%, which is greater than ITOL's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for HRTS and ITOL.

Drawdown Indicators

	HRTS	ITOL	Difference
Max Drawdown Largest peak-to-trough decline	-25.81%	-15.54%	-10.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	—	—
Current Drawdown Current decline from peak	-9.14%	-5.46%	-3.68%
Average Drawdown Average peak-to-trough decline	-9.02%	-3.59%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	—	—

Volatility

Volatility by Period

	HRTS	ITOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	17.90%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	17.90%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	17.90%	+1.17%

HRTS vs. ITOL - Expense Ratio Comparison

HRTS has a 0.75% expense ratio, which is higher than ITOL's 0.60% expense ratio.

Dividends

HRTS vs. ITOL - Dividend Comparison

HRTS's dividend yield for the trailing twelve months is around 1.42%, more than ITOL's 0.13% yield.

Position	TTM	2025	2024
HRTS Tema Obesity & Cardiometabolic ETF	1.42%	1.34%	1.63%
ITOL Tema International Durable Quality ETF	0.13%	0.13%	0.00%

Frequently Asked Questions

Can I hold both HRTS and ITOL in my portfolio?

HRTS and ITOL have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HRTS or ITOL?

On fees, ITOL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HRTS or ITOL?

ITOL is cheaper with a 0.60% expense ratio, compared with 0.75% for HRTS.

Which ETF pays a higher dividend yield, HRTS or ITOL?

HRTS has the higher dividend yield at 1.42%, compared with 0.13% for ITOL.

What is the main difference between HRTS and ITOL?

HRTS is categorized as Health & Biotech Equities, while ITOL is Foreign Large Cap Equities. Their fees differ too: 0.75% for HRTS and 0.60% for ITOL.