HRTS vs. PJP
Compare and contrast key facts about Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco Dynamic Pharmaceuticals ETF (PJP).
HRTS and PJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HRTS is an actively managed fund by Tema. It was launched on Nov 20, 2023. PJP is a passively managed fund by Invesco that tracks the performance of the Dynamic Pharmaceuticals Intellidex Index. It was launched on Jun 23, 2005.
Performance
HRTS vs. PJP - Performance Comparison
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HRTS vs. PJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HRTS Tema Obesity & Cardiometabolic ETF | -4.55% | 23.93% | -4.30% | 14.97% |
PJP Invesco Dynamic Pharmaceuticals ETF | -0.44% | 27.98% | 9.63% | 9.01% |
Returns By Period
In the year-to-date period, HRTS achieves a -4.55% return, which is significantly lower than PJP's -0.44% return.
HRTS
- 1D
- 2.94%
- 1M
- -6.67%
- YTD
- -4.55%
- 6M
- 10.36%
- 1Y
- 16.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PJP
- 1D
- 3.04%
- 1M
- -3.96%
- YTD
- -0.44%
- 6M
- 12.79%
- 1Y
- 21.16%
- 3Y*
- 12.12%
- 5Y*
- 6.67%
- 10Y*
- 6.42%
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HRTS vs. PJP - Expense Ratio Comparison
HRTS has a 0.75% expense ratio, which is higher than PJP's 0.58% expense ratio.
Return for Risk
HRTS vs. PJP — Risk / Return Rank
HRTS
PJP
HRTS vs. PJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco Dynamic Pharmaceuticals ETF (PJP). 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 | PJP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.12 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.58 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.77 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.11 | 5.03 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HRTS | PJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.12 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.59 | +0.03 |
Correlation
The correlation between HRTS and PJP is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HRTS vs. PJP - Dividend Comparison
HRTS's dividend yield for the trailing twelve months is around 1.40%, more than PJP's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRTS Tema Obesity & Cardiometabolic ETF | 1.40% | 1.34% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PJP Invesco Dynamic Pharmaceuticals ETF | 1.02% | 0.98% | 0.97% | 1.01% | 0.95% | 0.81% | 0.75% | 0.77% | 1.12% | 0.65% | 0.91% | 5.49% |
Drawdowns
HRTS vs. PJP - Drawdown Comparison
The maximum HRTS drawdown since its inception was -25.81%, smaller than the maximum PJP drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for HRTS and PJP.
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Drawdown Indicators
| HRTS | PJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -37.06% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -11.68% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.95% | — |
Current DrawdownCurrent decline from peak | -8.03% | -5.83% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -8.90% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 4.88% | -1.02% |
Volatility
HRTS vs. PJP - Volatility Comparison
The current volatility for Tema Obesity & Cardiometabolic ETF (HRTS) is 5.96%, while Invesco Dynamic Pharmaceuticals ETF (PJP) has a volatility of 6.62%. This indicates that HRTS experiences smaller price fluctuations and is considered to be less risky than PJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRTS | PJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 6.62% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 11.57% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 19.11% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 15.97% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 18.42% | +0.86% |