HRTS vs SPY
Tema Heart & Health ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. HRTS delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HRTS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $55M | $789.1B | |
| Dividend Yield | 1.30% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +5.84% | +14.47% | |
| 1Y Return | +32.87% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 17.5% | 15.3% | |
| Max Drawdown | -24.7% | -56.5% | |
| Fund Family | Tema Global Limited | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Jan 22, 1993 |
HRTS vs SPY Performance
Tema Heart & Health ETF (HRTS) is a ETF from Tema Global Limited and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HRTS returned +32.87% while SPY returned +21.96%. Year to date, HRTS is up 5.84% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
HRTS has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.7% for HRTS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HRTS charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, HRTS currently yields 1.30% against 1.01% for SPY.
Holdings Overlap
HRTS and SPY share 21 holdings out of 526 unique holdings combined, representing a 6.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HRTS or SPY?
HRTS has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, HRTS or SPY?
Over the past year HRTS returned +32.87% vs +21.96% for SPY, so HRTS leads on 1-year performance. Over the longest common window we track (3 years), HRTS annualized +15.10% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, HRTS or SPY?
HRTS has been the more volatile fund at 17.5% annualized versus 15.3% for SPY. Worst drawdown: HRTS -24.7% vs SPY -56.5%.
Should I hold both HRTS and SPY?
HRTS and SPY have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HRTS and SPY?
HRTS and SPY share 21 common holdings with a 6.9% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, HRTS or SPY?
HRTS yields 1.30% while SPY yields 1.01%, so HRTS currently pays the higher dividend yield.
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