HRTS vs. QQQ
Compare and contrast key facts about Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco QQQ (QQQ).
HRTS and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HRTS or QQQ.
Correlation
The correlation between HRTS and QQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HRTS vs. QQQ - Performance Comparison
Key characteristics
HRTS:
-0.38
QQQ:
0.45
HRTS:
-0.38
QQQ:
0.80
HRTS:
0.95
QQQ:
1.11
HRTS:
-0.30
QQQ:
0.50
HRTS:
-0.68
QQQ:
1.71
HRTS:
11.30%
QQQ:
6.68%
HRTS:
20.34%
QQQ:
25.28%
HRTS:
-25.81%
QQQ:
-82.98%
HRTS:
-19.25%
QQQ:
-12.31%
Returns By Period
In the year-to-date period, HRTS achieves a -1.04% return, which is significantly higher than QQQ's -7.46% return.
HRTS
-1.04%
-3.05%
-13.52%
-6.19%
N/A
N/A
QQQ
-7.46%
0.74%
-4.34%
10.28%
17.43%
16.75%
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HRTS vs. QQQ - Expense Ratio Comparison
HRTS has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
HRTS vs. QQQ — Risk-Adjusted Performance Rank
HRTS
QQQ
HRTS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco QQQ (QQQ). 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.
Dividends
HRTS vs. QQQ - Dividend Comparison
HRTS's dividend yield for the trailing twelve months is around 1.64%, more than QQQ's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRTS Tema Obesity & Cardiometabolic ETF | 1.64% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
HRTS vs. QQQ - Drawdown Comparison
The maximum HRTS drawdown since its inception was -25.81%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HRTS and QQQ. For additional features, visit the drawdowns tool.
Volatility
HRTS vs. QQQ - Volatility Comparison
The current volatility for Tema Obesity & Cardiometabolic ETF (HRTS) is 10.15%, while Invesco QQQ (QQQ) has a volatility of 16.85%. This indicates that HRTS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.