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HRTS vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HRTS vs. IYH

Last updated Jun 3, 2026

HRTS (Tema Obesity & Cardiometabolic ETF) and IYH (iShares U.S. Healthcare ETF) are both Health & Biotech Equities funds. HRTS is actively managed, while IYH is passively managed. Over the past year, HRTS returned 20.02% vs 12.33% for IYH. A 0.77 correlation means they provide meaningful diversification when combined. HRTS charges 0.75%/yr vs 0.43%/yr for IYH.

Performance

HRTS vs. IYH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Obesity & Cardiometabolic ETF (HRTS) and iShares U.S. Healthcare ETF (IYH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HRTS achieves a -6.17% return, which is significantly lower than IYH's -5.10% return.

HRTS

1D
-2.01%
1M
-1.29%
YTD
-6.17%
6M
-4.81%
1Y
20.02%
3Y*
—
5Y*
—
10Y*
—

IYH

1D
-1.14%
1M
0.85%
YTD
-5.10%
6M
-4.82%
1Y
12.33%
3Y*
5.14%
5Y*
4.48%
10Y*
8.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HRTS vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023
HRTS
Tema Obesity & Cardiometabolic ETF		-6.17%23.93%-4.30%14.97%
IYH
iShares U.S. Healthcare ETF		-5.10%13.16%2.99%5.90%

Correlation

The correlation between HRTS and IYH is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Nov 22, 2023

0.77

The correlation between HRTS and IYH shifts across timeframes, from 0.77 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

HRTS vs. IYH - Sectors Allocation Comparison

Sectors
HRTS
IYH

Healthcare

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

HRTS
100.0%
IYH
100.0%

Basic Materials

HRTS

-

IYH

-

Communication Services

HRTS

-

IYH

-

Consumer Cyclical

HRTS

-

IYH

-

Consumer Defensive

HRTS

-

IYH

-

Energy

HRTS

-

IYH

-

Financial Services

HRTS

-

IYH

-

Industrials

HRTS

-

IYH

-

Real Estate

HRTS

-

IYH

-

Technology

HRTS

-

IYH

-

Utilities

HRTS

-

IYH

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tema Obesity & Cardiometabolic ETF

iShares U.S. Healthcare ETF

Often compared with HRTS:
HRTS vs. OZEMHRTS vs. SMHHRTS vs. AIRRHRTS vs. XLVHRTS vs. VOOHRTS vs. SCHDHRTS vs. FSPCX
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

HRTS vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HRTS
HRTS Risk / Return Rank: 3434
Overall Rank
HRTS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
HRTS Sortino Ratio Rank: 3636
Sortino Ratio Rank
HRTS Omega Ratio Rank: 3232
Omega Ratio Rank
HRTS Calmar Ratio Rank: 3838
Calmar Ratio Rank
HRTS Martin Ratio Rank: 3232
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2424
Overall Rank
IYH Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYH Omega Ratio Rank: 2323
Omega Ratio Rank
IYH Calmar Ratio Rank: 2424
Calmar Ratio Rank
IYH Martin Ratio Rank: 2222
Martin Ratio Rank
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. IYH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and iShares U.S. Healthcare ETF (IYH). 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.

HRTSIYHDifference

Sharpe ratio

Return per unit of total volatility

1.25

0.84

+0.41

Sortino ratio

Return per unit of downside risk

1.91

1.36

+0.56

Omega ratio

Gain probability vs. loss probability

1.22

1.15

+0.06

Calmar ratio

Return relative to maximum drawdown

1.89

1.17

+0.73

Martin ratio

Return relative to average drawdown

4.83

2.83

+2.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRTS vs. IYH - Sharpe Ratio Comparison

The current HRTS Sharpe Ratio is 1.25, which is higher than the IYH Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of HRTS and IYH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HRTSIYHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

0.84

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.30

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.42

+0.12

Drawdowns

HRTS vs. IYH - Drawdown Comparison

The maximum HRTS drawdown since its inception was -25.81%, smaller than the maximum IYH drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for HRTS and IYH.

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Drawdown Indicators

HRTSIYHDifference

Max Drawdown

Largest peak-to-trough decline

-25.81%

-43.12%

+17.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.01%

-10.64%

-0.37%

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.91%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.40%

—

Current Drawdown

Current decline from peak

-9.59%

-8.24%

-1.35%

Average Drawdown

Average peak-to-trough decline

-9.02%

-8.96%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.32%

4.38%

-0.06%

Volatility

HRTS vs. IYH - Volatility Comparison

Tema Obesity & Cardiometabolic ETF (HRTS) has a higher volatility of 4.40% compared to iShares U.S. Healthcare ETF (IYH) at 4.15%. This indicates that HRTS's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HRTSIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

4.15%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

11.32%

10.35%

+0.97%

Volatility (1Y)

Calculated over the trailing 1-year period

16.04%

14.72%

+1.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.09%

14.91%

+4.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.09%

16.72%

+2.37%

HRTS vs. IYH - Expense Ratio Comparison

HRTS has a 0.75% expense ratio, which is higher than IYH's 0.43% expense ratio.

Dividends

HRTS vs. IYH - Dividend Comparison

HRTS's dividend yield for the trailing twelve months is around 1.43%, more than IYH's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
HRTS
Tema Obesity & Cardiometabolic ETF		1.43%1.34%1.63%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IYH
iShares U.S. Healthcare ETF		1.31%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%

Frequently Asked Questions

HRTS and IYH have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HRTS has higher volatility (4.40%) compared to IYH (4.15%). In terms of maximum drawdown, HRTS dropped -25.81% vs IYH's -43.12%.

On 1-year performance, HRTS leads with 20.02% vs 12.33% for IYH. On fees, IYH is cheaper at 0.43% per year. On volatility, IYH has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HRTS has performed better with a 20.02% return vs 12.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYH is cheaper with a 0.43% expense ratio, compared with 0.75% for HRTS.

HRTS has the higher dividend yield at 1.43%, compared with 1.31% for IYH.

They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for HRTS and 0.43% for IYH.

HRTS currently has the higher Sharpe Ratio (1.25 vs 0.84), 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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