CANC vs XVOL
Tema Oncology ETF vs Acruence Active Hedge US Equity ETF
Which is better, CANC or XVOL?
CANC has been ahead.
CANC has a lower expense ratio. CANC led over 1Y and the full window. XVOL is less concentrated, with 17.8% of the fund in its ten largest positions against 40.0%.
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 | CANC | XVOL |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.83% |
| AUM | $197M | $2M |
| Dividend Yield | 0.05% | 2.00% |
| Holdings | 118 | 83 |
| Volatility (annualized) | 19.9% | 16.4%Best |
| Max Drawdown | -26.1% | -21.5%Best |
| $10,000 over 2.7 years | $16,593Best | $13,158 |
| Top 10 Weight | 40.0% | 17.8%Best |
| Fund Family | Tema Global Limited | Acruence Capital, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 15, 2023 | Apr 21, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 181 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CANC has data through Oct 14, 2026 and XVOL through Apr 16, 2026.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Aug 15, 2023 to Apr 16, 2026 (2.7 years).
Risk: Volatility and Drawdowns
CANC has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.4% for XVOL. 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 -26.1% for CANC and -21.5% for XVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CANC charges 0.75% per year while XVOL charges 0.83%. On a $10,000 position that is $75 vs $83 annually, a gap of $8 per year that compounds over a long holding period. On income, CANC currently yields 0.05% against 2.00% for XVOL.
Holdings Overlap
18.2% of CANC's money is in holdings XVOL also owns. 7.1% of XVOL's money is in holdings CANC also owns.
CANC and XVOL share little of their money.
The two holdings books were reported 274 days apart, CANC as of Oct 1, 2026 and XVOL as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
6 positions in common, counted across the 59 positions we hold weights for in CANC and 81 in XVOL, against full books of 118 and 83.
What only one of them owns
Our book lists 73 positions for XVOL that do not appear in our book for CANC (90.3% of the fund), and 43 for CANC that do not appear in XVOL (62.9%).
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 CANC and XVOL 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, CANC or XVOL?
CANC has an expense ratio of 0.75% while XVOL charges 0.83%. CANC is the cheaper option, by $8 a year on a $10,000 investment.
Which is riskier, CANC or XVOL?
CANC has been the more volatile fund at 19.9% annualized versus 16.4% for XVOL. Worst drawdown: CANC -26.1% vs XVOL -21.5%.
Should I hold both CANC and XVOL?
CANC and XVOL have a monthly-return correlation of 0.54, 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 CANC and XVOL?
18.2% of CANC's money is in holdings XVOL also owns. 7.1% of XVOL's is in holdings CANC also owns. They hold 6 positions in common, counted across the 59 positions we hold weights for in CANC and 81 in XVOL.
Which pays a higher dividend, CANC or XVOL?
CANC yields 0.05% while XVOL yields 2.00%, so XVOL currently pays the higher dividend yield.
Is XVOL better than CANC?
CANC has a lower expense ratio. CANC led over 1Y and the full window. XVOL is less concentrated, with 17.8% of the fund in its ten largest positions against 40.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.