HRTS vs SPY
Tema Heart & Health ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HRTS or SPY?
Each has led over a different period.
SPY has a lower expense ratio. HRTS led over 1Y, SPY over the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 47.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HRTS | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $56M | $804.7B |
| Dividend Yield | 1.27% | 0.98% |
| Holdings | 45 | 505 |
| YTD Return | +1.88% | +12.99%Best |
| 1Y Return | +20.08%Best | +16.73% |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 17.4% | 11.7%Best |
| Max Drawdown | -24.7% | -18.8%Best |
| $10,000 over 2.8 years | $14,060 | $17,386Best |
| Top 10 Weight | 47.9% | 37.8%Best |
| Fund Family | Tema Global Limited | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 21, 2023 to Sep 23, 2026 (2.8 years).
HRTS vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
HRTS vs SPY Performance
Tema Heart & Health ETF (HRTS) is an ETF from Tema Global Limited and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HRTS returned +20.08% while SPY returned +16.73%. Year to date, HRTS is up 1.88% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HRTS has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 11.7% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
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 1.27% against 0.98% for SPY.
Holdings Overlap
60.8% of HRTS's money is in holdings SPY also owns. 7.2% of SPY's money is in holdings HRTS also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 45 positions we hold weights for in HRTS and 504 in SPY, against full books of 45 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for HRTS (92.1% of the fund), and 15 for HRTS that do not appear in SPY (20.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HRTS | Weight in SPY | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 10.91% | 1.40% | 9.51% |
| UNHUnitedhealth Group Incorporated | 5.06% | 0.55% | 4.51% |
| TMOThermo Fisherscientific Inc. | 4.95% | 0.34% | 4.61% |
| MRKMerck & Company Inc | 4.33% | 0.56% | 3.77% |
| JNJJohnson & Johnson - Common | 3.86% | 0.99% | 2.87% |
| GILDGilead Sciences | 3.13% | 0.28% | 2.85% |
| ABTAbbott Laboratories | 3.03% | 0.29% | 2.74% |
| VRTXNvaesrtex Pharmaceuticals Inc | 3.02% | 0.21% | 2.81% |
| DHRDanaher Corporation | 2.87% | 0.20% | 2.67% |
| ABBVAbbvie Inc. | 2.34% | 0.70% | 1.64% |
60.8% of HRTS is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $66 a year on a $10,000 investment.
Which performed better, HRTS or SPY?
Over the past year HRTS returned +20.08% vs +16.73% for SPY, so HRTS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HRTS or SPY?
HRTS has been the more volatile fund at 17.4% annualized versus 11.7% for SPY. Worst drawdown: HRTS -24.7% vs SPY -18.8%.
Should I hold both HRTS and SPY?
HRTS and SPY have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HRTS and SPY?
60.8% of HRTS's money is in holdings SPY also owns. 7.2% of SPY's is in holdings HRTS also owns. They hold 21 positions in common, counted across the 45 positions we hold weights for in HRTS and 504 in SPY.
Which pays a higher dividend, HRTS or SPY?
HRTS yields 1.27% while SPY yields 0.98%, so HRTS currently pays the higher dividend yield.
Is SPY better than HRTS?
SPY has a lower expense ratio. HRTS led over 1Y, SPY over the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 47.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.