ROKT vs. HVAC

Last updated Jun 24, 2026

ROKT (SPDR S&P Kensho Final Frontiers ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both Industrials Equities funds. ROKT is passively managed, while HVAC is actively managed. Over the past year, ROKT returned 84.29% vs 53.59% for HVAC. A 0.64 correlation means they provide meaningful diversification when combined. ROKT charges 0.45%/yr vs 1.00%/yr for HVAC.

Performance

ROKT vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Final Frontiers ETF (ROKT) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ROKT having a 34.05% return and HVAC slightly lower at 33.33%.

ROKT

• 1D: -1.14%
• 1M: -9.09%
• YTD: 34.05%
• 6M: 30.35%
• 1Y: 84.29%
• 3Y*: 39.88%
• 5Y*: 22.35%
• 10Y*: —

HVAC

• 1D: -4.46%
• 1M: 4.16%
• YTD: 33.33%
• 6M: 29.69%
• 1Y: 53.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROKT vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
ROKT SPDR S&P Kensho Final Frontiers ETF	34.05%	45.79%
HVAC AdvisorShares HVAC and Industrials ETF	33.33%	23.15%

Correlation

The correlation between ROKT and HVAC is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.64

The correlation between ROKT and HVAC has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

ROKT vs. HVAC - Sectors Allocation Comparison

Sectors	ROKT	HVAC
Industrials	68.4%	69.4%
Technology	20.1%	20.2%
Communication Services	5.8%	-
Energy	5.7%	-
Basic Materials	-	-
Consumer Cyclical	-	4.6%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	2.8%
Utilities	-	3.0%

Return for Risk

ROKT vs. HVAC — Risk / Return Rank

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

ROKT

ROKT Risk / Return Rank: 84
ROKT Sharpe Ratio Rank: 87
ROKT Sortino Ratio Rank: 80
ROKT Omega Ratio Rank: 75
ROKT Calmar Ratio Rank: 89
ROKT Martin Ratio Rank: 90

HVAC

HVAC Risk / Return Rank: 62
HVAC Sharpe Ratio Rank: 60
HVAC Sortino Ratio Rank: 52
HVAC Omega Ratio Rank: 53
HVAC Calmar Ratio Rank: 76
HVAC Martin Ratio Rank: 72

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.

ROKT vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	ROKT	HVAC	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.84	+0.88
Sortino ratio: Return per unit of downside risk	3.36	2.35	+1.01
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	5.10	3.63	+1.47
Martin ratio: Return relative to average drawdown	19.54	12.28	+7.26

ROKT vs. HVAC - Sharpe Ratio Comparison

The current ROKT Sharpe Ratio is 2.72, which is higher than the HVAC Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ROKT and HVAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ROKT vs. HVAC - Drawdown Comparison

The maximum ROKT drawdown since its inception was -43.16%, which is greater than HVAC's maximum drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for ROKT and HVAC.

Drawdown Indicators

	ROKT	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-21.22%	-21.94%
Max Drawdown (1Y) Largest decline over 1 year	-16.60%	-14.83%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	—	—
Current Drawdown Current decline from peak	-16.60%	-4.46%	-12.14%
Average Drawdown Average peak-to-trough decline	-6.79%	-3.98%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	4.38%	-0.05%

Volatility

ROKT vs. HVAC - Volatility Comparison

SPDR S&P Kensho Final Frontiers ETF (ROKT) has a higher volatility of 15.56% compared to AdvisorShares HVAC and Industrials ETF (HVAC) at 12.39%. This indicates that ROKT's price experiences larger fluctuations and is considered to be riskier than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROKT	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.56%	12.39%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	26.87%	24.48%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	31.19%	29.30%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	30.27%	-6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.41%	30.27%	-4.86%

ROKT vs. HVAC - Expense Ratio Comparison

ROKT has a 0.45% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

ROKT vs. HVAC - Dividend Comparison

ROKT's dividend yield for the trailing twelve months is around 0.27%, more than HVAC's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HVAC AdvisorShares HVAC and Industrials ETF	0.15%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.27%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%

Frequently Asked Questions

Can I hold both ROKT and HVAC in my portfolio?

ROKT and HVAC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROKT or HVAC?

ROKT has higher volatility (15.56%) compared to HVAC (12.39%). In terms of maximum drawdown, ROKT dropped -43.16% vs HVAC's -21.22%.

Which ETF is better, ROKT or HVAC?

On 1-year performance, ROKT leads with 84.29% vs 53.59% for HVAC. On fees, ROKT is cheaper at 0.45% per year. On volatility, HVAC has been the lower-risk option at 12.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROKT or HVAC?

Over the 1-year period, ROKT has performed better with a 84.29% return vs 53.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROKT or HVAC?

ROKT is cheaper with a 0.45% expense ratio, compared with 1.00% for HVAC.

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

ROKT has the higher dividend yield at 0.27%, compared with 0.15% for HVAC.

What is the main difference between ROKT and HVAC?

They also come from different issuers: State Street and AdvisorShares. Their fees differ too: 0.45% for ROKT and 1.00% for HVAC.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (2.72 vs 1.84), 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.