HTEC vs. THNQ
Compare and contrast key facts about ROBO Global Healthcare Technology and Innovation ETF (HTEC) and ROBO Global Artificial Intelligence ETF (THNQ).
HTEC and THNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HTEC is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global® Healthcare Technology and Innovation Index. It was launched on Jun 25, 2019. THNQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Artificial Intelligence Index. It was launched on May 11, 2020. Both HTEC and THNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HTEC or THNQ.
Key characteristics
| HTEC | THNQ | |
|---|---|---|
| YTD Return | 6.36% | 19.15% |
| 1Y Return | 28.07% | 39.31% |
| 3Y Return (Ann) | -14.28% | 0.69% |
| Sharpe Ratio | 1.42 | 1.85 |
| Sortino Ratio | 2.14 | 2.41 |
| Omega Ratio | 1.25 | 1.32 |
| Calmar Ratio | 0.47 | 1.41 |
| Martin Ratio | 7.43 | 8.90 |
| Ulcer Index | 3.58% | 4.42% |
| Daily Std Dev | 18.77% | 21.32% |
| Max Drawdown | -57.53% | -50.56% |
| Current Drawdown | -42.49% | 0.00% |
Correlation
The correlation between HTEC and THNQ is 0.81, 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.
Performance
HTEC vs. THNQ - Performance Comparison
In the year-to-date period, HTEC achieves a 6.36% return, which is significantly lower than THNQ's 19.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HTEC vs. THNQ - Expense Ratio Comparison
Both HTEC and THNQ have an expense ratio of 0.68%.
Risk-Adjusted Performance
HTEC vs. THNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) and ROBO Global Artificial Intelligence ETF (THNQ). 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
HTEC vs. THNQ - Dividend Comparison
Neither HTEC nor THNQ has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HTEC ROBO Global Healthcare Technology and Innovation ETF | 0.00% | 0.00% | 0.00% | 0.05% |
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HTEC vs. THNQ - Drawdown Comparison
The maximum HTEC drawdown since its inception was -57.53%, which is greater than THNQ's maximum drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for HTEC and THNQ. For additional features, visit the drawdowns tool.
Volatility
HTEC vs. THNQ - Volatility Comparison
The current volatility for ROBO Global Healthcare Technology and Innovation ETF (HTEC) is 4.55%, while ROBO Global Artificial Intelligence ETF (THNQ) has a volatility of 5.93%. This indicates that HTEC experiences smaller price fluctuations and is considered to be less risky than THNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.