HRTS vs. PIT

Last updated Jun 24, 2026

HRTS (Tema Obesity & Cardiometabolic ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - HRTS is a Health & Biotech Equities fund actively managed by Tema, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past year, HRTS returned 25.88% vs 39.64% for PIT. At a correlation of -0.09, they often move in opposite directions. HRTS charges 0.75%/yr vs 0.55%/yr for PIT.

Performance

HRTS vs. PIT - Performance Comparison

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

Returns By Period

In the year-to-date period, HRTS achieves a -1.45% return, which is significantly lower than PIT's 25.62% return.

HRTS

• 1D: 1.50%
• 1M: 1.21%
• YTD: -1.45%
• 6M: -2.09%
• 1Y: 25.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: -1.32%
• 1M: -11.78%
• YTD: 25.62%
• 6M: 23.58%
• 1Y: 39.64%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

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

HRTS vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HRTS Tema Obesity & Cardiometabolic ETF	-1.45%	23.93%	-4.30%	13.88%
PIT VanEck Commodity Strategy ETF	25.62%	21.63%	6.77%	-5.32%

Correlation

The correlation between HRTS and PIT is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	-0.09

The correlation between HRTS and PIT shifts across timeframes, from -0.20 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HRTS vs. PIT — Risk / Return Rank

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

HRTS

HRTS Risk / Return Rank: 48
HRTS Sharpe Ratio Rank: 49
HRTS Sortino Ratio Rank: 54
HRTS Omega Ratio Rank: 46
HRTS Calmar Ratio Rank: 51
HRTS Martin Ratio Rank: 39

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 59
PIT Sortino Ratio Rank: 52
PIT Omega Ratio Rank: 56
PIT Calmar Ratio Rank: 56
PIT Martin Ratio Rank: 63

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. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and VanEck Commodity Strategy ETF (PIT). 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	PIT	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.85	-0.25
Sortino ratio: Return per unit of downside risk	2.42	2.40	+0.02
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.36	2.62	-0.26
Martin ratio: Return relative to average drawdown	5.70	10.88	-5.19

HRTS vs. PIT - Sharpe Ratio Comparison

The current HRTS Sharpe Ratio is 1.60, which is comparable to the PIT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of HRTS and PIT, 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. PIT - Drawdown Comparison

The maximum HRTS drawdown since its inception was -25.81%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for HRTS and PIT.

Drawdown Indicators

	HRTS	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-25.81%	-15.19%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-15.19%	+4.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.19%	—
Current Drawdown Current decline from peak	-5.04%	-15.19%	+10.15%
Average Drawdown Average peak-to-trough decline	-8.96%	-4.08%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	3.66%	+0.89%

Volatility

HRTS vs. PIT - Volatility Comparison

Tema Obesity & Cardiometabolic ETF (HRTS) has a higher volatility of 5.41% compared to VanEck Commodity Strategy ETF (PIT) at 4.72%. This indicates that HRTS's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRTS	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	4.72%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	19.40%	-7.68%
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	21.66%	-5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	17.50%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	17.50%	+1.58%

HRTS vs. PIT - Expense Ratio Comparison

HRTS has a 0.75% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

HRTS vs. PIT - Dividend Comparison

HRTS's dividend yield for the trailing twelve months is around 1.36%, less than PIT's 7.10% yield.

Position	TTM	2025	2024	2023
HRTS Tema Obesity & Cardiometabolic ETF	1.36%	1.34%	1.63%	0.00%
PIT VanEck Commodity Strategy ETF	7.10%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both HRTS and PIT in my portfolio?

HRTS and PIT have a correlation of -0.20, 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 PIT?

HRTS has higher volatility (5.41%) compared to PIT (4.72%). In terms of maximum drawdown, HRTS dropped -25.81% vs PIT's -15.19%.

Which ETF is better, HRTS or PIT?

On 1-year performance, PIT leads with 39.64% vs 25.88% for HRTS. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HRTS or PIT?

Over the 1-year period, PIT has performed better with a 39.64% return vs 25.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HRTS or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.75% for HRTS.

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

PIT has the higher dividend yield at 7.10%, compared with 1.36% for HRTS.

What is the main difference between HRTS and PIT?

HRTS is categorized as Health & Biotech Equities, while PIT is Commodities. They also come from different issuers: Tema and VanEck. Their fees differ too: 0.75% for HRTS and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.85 vs 1.60), 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.