HVAC vs. MARS

Last updated Jul 17, 2026

HVAC (AdvisorShares HVAC and Industrials ETF) and MARS (Roundhill Space & Technology ETF) are both exchange-traded funds - HVAC is a Industrials Equities fund actively managed by AdvisorShares, while MARS is a Technology Equities fund actively managed by Roundhill. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. HVAC charges 1.00%/yr vs 0.75%/yr for MARS.

Performance

HVAC vs. MARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares HVAC and Industrials ETF (HVAC) and Roundhill Space & Technology ETF (MARS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HVAC

• 1D: -2.35%
• 1M: -11.14%
• 6M: 6.30%
• YTD: 17.03%
• 1Y: 26.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MARS

• 1D: -5.56%
• 1M: -26.71%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HVAC vs. MARS - Yearly Performance Comparison

	2026 (YTD)
HVAC AdvisorShares HVAC and Industrials ETF	0.19%
MARS Roundhill Space & Technology ETF	-2.67%

Correlation

The correlation between HVAC and MARS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.42

Return for Risk

HVAC vs. MARS — Risk / Return Rank

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

HVAC

HVAC Risk / Return Rank: 32
HVAC Sharpe Ratio Rank: 28
HVAC Sortino Ratio Rank: 27
HVAC Omega Ratio Rank: 27
HVAC Calmar Ratio Rank: 39
HVAC Martin Ratio Rank: 40

MARS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HVAC vs. MARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares HVAC and Industrials ETF (HVAC) and Roundhill Space & Technology ETF (MARS). 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.

	HVAC	MARS	Difference
Sharpe ratio: Return per unit of total volatility	0.83	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.63	—	—
Martin ratio: Return relative to average drawdown	5.09	—	—

Drawdowns

HVAC vs. MARS - Drawdown Comparison

The maximum HVAC drawdown since its inception was -21.22%, smaller than the maximum MARS drawdown of -45.60%. Use the drawdown chart below to compare losses from any high point for HVAC and MARS.

Drawdown Indicators

	HVAC	MARS	Difference
Max Drawdown Largest peak-to-trough decline	-21.22%	-45.60%	+24.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.14%	—	—
Current Drawdown Current decline from peak	-16.14%	-45.60%	+29.46%
Average Drawdown Average peak-to-trough decline	-4.24%	-12.45%	+8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	—	—

Volatility

Volatility by Period

	HVAC	MARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.80%	67.55%	-35.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.49%	67.55%	-36.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.49%	67.55%	-36.06%

HVAC vs. MARS - Expense Ratio Comparison

HVAC has a 1.00% expense ratio, which is higher than MARS's 0.75% expense ratio.

Dividends

HVAC vs. MARS - Dividend Comparison

HVAC's dividend yield for the trailing twelve months is around 0.17%, while MARS has not paid dividends to shareholders.

Position	TTM	2025
HVAC AdvisorShares HVAC and Industrials ETF	0.17%	0.19%
MARS Roundhill Space & Technology ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HVAC and MARS in my portfolio?

HVAC and MARS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HVAC or MARS?

On fees, MARS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HVAC or MARS?

MARS is cheaper with a 0.75% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, HVAC or MARS?

HVAC has the higher dividend yield at 0.17%, compared with 0.00% for MARS.

What is the main difference between HVAC and MARS?

HVAC is categorized as Industrials Equities, while MARS is Technology Equities. They also come from different issuers: AdvisorShares and Roundhill. Their fees differ too: 1.00% for HVAC and 0.75% for MARS.