ADPV vs HRTS
Adaptiv Select ETF vs Tema Heart & Health ETF
Which is better, ADPV or HRTS?
Each has led over a different period.
HRTS has a lower expense ratio. ADPV led over 3Y and the full window, HRTS over 1Y. ADPV is less concentrated, with 45.5% of the fund in its ten largest positions against 48.3%.
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 | ADPV | HRTS |
|---|---|---|
| Expense Ratio | 1.00% | 0.75%Best |
| AUM | $176M | $53M |
| Dividend Yield | 0.69% | 1.30% |
| Holdings | 28 | 92 |
| YTD Return | -0.81% | +2.75%Best |
| 1Y Return | -3.77% | +14.59%Best |
| 3Y Return (annualized) | +22.15%Best | +13.00% |
| Volatility (annualized) | 19.1% | 17.1%Best |
| Max Drawdown | -22.3%Best | -24.7% |
| $10,000 over 2.9 years | $18,844Best | $14,254 |
| Top 10 Weight | 45.5%Best | 48.3% |
| Fund Family | Adaptive ETFs | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 21, 2023 to Oct 14, 2026 (2.9 years).
ADPV vs HRTS 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 2.9 years both funds cover.
ADPV vs HRTS Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Tema Heart & Health ETF (HRTS) is an ETF from Tema Global Limited. Over the past year ADPV returned -3.77% while HRTS returned +14.59%. Year to date, ADPV is down 0.81% versus a gain of 2.75% for HRTS.
Over three years, ADPV compounded at +22.15% per year against +13.00% for HRTS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 17.1% for HRTS. 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 -22.3% for ADPV and -24.7% for HRTS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while HRTS charges 0.75%. On a $10,000 position that is $100 vs $75 annually, a gap of $25 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 1.30% for HRTS.
Holdings Overlap
9.1% of ADPV's money is in holdings HRTS also owns. 5.5% of HRTS's money is in holdings ADPV also owns.
ADPV and HRTS share little of their money.
3 positions in common, counted across the 26 positions we hold weights for in ADPV and 46 in HRTS, against full books of 28 and 92.
What only one of them owns
Our book lists 35 positions for HRTS that do not appear in our book for ADPV (77.3% of the fund), and 19 for ADPV that do not appear in HRTS (75.6%).
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.
You are not choosing between two funds in isolation.
Whichever of ADPV and HRTS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ADPV or HRTS?
ADPV has an expense ratio of 1.00% while HRTS charges 0.75%. HRTS is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, ADPV or HRTS?
Over the past year ADPV returned -3.77% vs +14.59% for HRTS, so HRTS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or HRTS?
ADPV has been the more volatile fund at 19.1% annualized versus 17.1% for HRTS. Worst drawdown: ADPV -22.3% vs HRTS -24.7%.
Should I hold both ADPV and HRTS?
ADPV and HRTS have a monthly-return correlation of 0.47, 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 ADPV and HRTS?
9.1% of ADPV's money is in holdings HRTS also owns. 5.5% of HRTS's is in holdings ADPV also owns. They hold 3 positions in common, counted across the 26 positions we hold weights for in ADPV and 46 in HRTS.
Which pays a higher dividend, ADPV or HRTS?
ADPV yields 0.69% while HRTS yields 1.30%, so HRTS currently pays the higher dividend yield.
Is HRTS better than ADPV?
HRTS has a lower expense ratio. ADPV led over 3Y and the full window, HRTS over 1Y. ADPV is less concentrated, with 45.5% of the fund in its ten largest positions against 48.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.