THNQ vs. HTEC
Compare and contrast key facts about ROBO Global Artificial Intelligence ETF (THNQ) and ROBO Global Healthcare Technology and Innovation ETF (HTEC).
THNQ and HTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both THNQ and HTEC 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: THNQ or HTEC.
Correlation
The correlation between THNQ and HTEC is 0.72, 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
THNQ vs. HTEC - Performance Comparison
Key characteristics
THNQ:
0.29
HTEC:
0.04
THNQ:
0.61
HTEC:
0.21
THNQ:
1.08
HTEC:
1.03
THNQ:
0.29
HTEC:
0.02
THNQ:
0.97
HTEC:
0.13
THNQ:
8.75%
HTEC:
6.25%
THNQ:
28.98%
HTEC:
22.49%
THNQ:
-50.56%
HTEC:
-57.53%
THNQ:
-18.74%
HTEC:
-48.11%
Returns By Period
In the year-to-date period, THNQ achieves a -8.43% return, which is significantly lower than HTEC's -6.53% return.
THNQ
-8.43%
-2.96%
-3.65%
5.92%
N/A
N/A
HTEC
-6.53%
-3.56%
-4.44%
2.67%
-0.67%
N/A
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THNQ vs. HTEC - Expense Ratio Comparison
Both THNQ and HTEC have an expense ratio of 0.68%.
Risk-Adjusted Performance
THNQ vs. HTEC — Risk-Adjusted Performance Rank
THNQ
HTEC
THNQ vs. HTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) and ROBO Global Healthcare Technology and Innovation ETF (HTEC). 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
THNQ vs. HTEC - Dividend Comparison
Neither THNQ nor HTEC has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HTEC ROBO Global Healthcare Technology and Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
Drawdowns
THNQ vs. HTEC - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, smaller than the maximum HTEC drawdown of -57.53%. Use the drawdown chart below to compare losses from any high point for THNQ and HTEC. For additional features, visit the drawdowns tool.
Volatility
THNQ vs. HTEC - Volatility Comparison
ROBO Global Artificial Intelligence ETF (THNQ) has a higher volatility of 18.63% compared to ROBO Global Healthcare Technology and Innovation ETF (HTEC) at 13.90%. This indicates that THNQ's price experiences larger fluctuations and is considered to be riskier than HTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.