HRTS vs. QQQ

Last updated Jun 3, 2026

HRTS (Tema Obesity & Cardiometabolic ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - HRTS is a Health & Biotech Equities fund actively managed by Tema, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. HRTS is actively managed, while QQQ is passively managed. Over the past year, HRTS returned 20.02% vs 43.30% for QQQ. At a 0.40 correlation, their price movements are largely independent. HRTS charges 0.75%/yr vs 0.18%/yr for QQQ.

Performance

HRTS vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, HRTS achieves a -6.17% return, which is significantly lower than QQQ's 21.62% return.

HRTS

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

QQQ

• 1D: 0.46%
• 1M: 10.68%
• YTD: 21.62%
• 6M: 20.27%
• 1Y: 43.30%
• 3Y*: 28.89%
• 5Y*: 18.43%
• 10Y*: 21.97%

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

HRTS vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HRTS Tema Obesity & Cardiometabolic ETF	-6.17%	23.93%	-4.30%	14.97%
QQQ Invesco QQQ ETF	21.62%	20.77%	25.58%	5.68%

Correlation

The correlation between HRTS and QQQ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 22, 2023	0.40

HRTS vs. QQQ - Sectors Allocation Comparison

Sectors	HRTS	QQQ
Healthcare	100.0%	4.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

HRTS vs. QQQ — Risk / Return Rank

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

HRTS

HRTS Risk / Return Rank: 34
HRTS Sharpe Ratio Rank: 35
HRTS Sortino Ratio Rank: 36
HRTS Omega Ratio Rank: 32
HRTS Calmar Ratio Rank: 38
HRTS Martin Ratio Rank: 32

QQQ

QQQ Risk / Return Rank: 77
QQQ Sharpe Ratio Rank: 83
QQQ Sortino Ratio Rank: 78
QQQ Omega Ratio Rank: 77
QQQ Calmar Ratio Rank: 73
QQQ Martin Ratio Rank: 74

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco QQQ ETF (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.

	HRTS	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.25	2.73	-1.48
Sortino ratio Return per unit of downside risk	1.91	3.55	-1.63
Omega ratio Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio Return relative to maximum drawdown	1.89	3.71	-1.82
Martin ratio Return relative to average drawdown	4.83	14.30	-9.47
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. QQQ - Sharpe Ratio Comparison

The current HRTS Sharpe Ratio is 1.25, which is lower than the QQQ Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of HRTS and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HRTS	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.73	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.41	+0.13

Drawdowns

HRTS vs. QQQ - Drawdown Comparison

The maximum HRTS drawdown since its inception was -25.81%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HRTS and QQQ.

Drawdown Indicators

	HRTS	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-25.81%	-82.97%	+57.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-11.96%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-9.59%	0.00%	-9.59%
Average Drawdown Average peak-to-trough decline	-9.02%	-32.79%	+23.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	3.11%	+1.21%

Volatility

HRTS vs. QQQ - Volatility Comparison

Tema Obesity & Cardiometabolic ETF (HRTS) and Invesco QQQ ETF (QQQ) have volatilities of 4.40% and 4.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRTS	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.48%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	12.11%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	15.95%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	22.39%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	22.30%	-3.21%

HRTS vs. QQQ - Expense Ratio Comparison

HRTS has a 0.75% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

HRTS vs. QQQ - Dividend Comparison

HRTS's dividend yield for the trailing twelve months is around 1.43%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both HRTS and QQQ in my portfolio?

HRTS and QQQ have a correlation of 0.31, 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 QQQ?

QQQ has higher volatility (4.48%) compared to HRTS (4.40%). In terms of maximum drawdown, HRTS dropped -25.81% vs QQQ's -82.97%.

Which ETF is better, HRTS or QQQ?

On 1-year performance, QQQ leads with 43.30% vs 20.02% for HRTS. On fees, QQQ is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HRTS or QQQ?

Over the 1-year period, QQQ has performed better with a 43.30% return vs 20.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HRTS or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.75% for HRTS.

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

HRTS has the higher dividend yield at 1.43%, compared with 0.38% for QQQ.

What is the main difference between HRTS and QQQ?

HRTS is categorized as Health & Biotech Equities, while QQQ is Nasdaq-100. They also come from different issuers: Tema and Invesco. Their fees differ too: 0.75% for HRTS and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.73 vs 1.25), 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.