HRTS vs MEDX
Tema Heart & Health ETF vs Horizon Kinetics Medical ETF
Which is better, HRTS or MEDX?
HRTS has been ahead.
HRTS has a lower expense ratio. HRTS led over 1Y, 3Y and the full window.
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 | MEDX |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.85% |
| AUM | $53M | $16M |
| Dividend Yield | 1.30% | 1.16% |
| Holdings | 92 | 68 |
| YTD Return | +2.75% | +6.58%Best |
| 1Y Return | +14.59%Best | +14.21% |
| 3Y Return (annualized) | +13.00%Best | +9.64% |
| Volatility (annualized) | 17.1% | 14.5%Best |
| Max Drawdown | -24.7% | -21.6%Best |
| $10,000 over 2.9 years | $14,254Best | $13,873 |
| Fund Family | Tema Global Limited | Horizon Kinetics LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Jan 27, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
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).
HRTS vs MEDX 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.
HRTS vs MEDX Performance
Tema Heart & Health ETF (HRTS) is an ETF from Tema Global Limited and Horizon Kinetics Medical ETF (MEDX) is an ETF from Horizon Kinetics LLC. Over the past year HRTS returned +14.59% while MEDX returned +14.21%. Year to date, HRTS is up 2.75% versus a gain of 6.58% for MEDX.
Over three years, HRTS compounded at +13.00% per year against +9.64% for MEDX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HRTS has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 14.5% for MEDX. 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 -21.6% for MEDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HRTS charges 0.75% per year while MEDX charges 0.85%. On a $10,000 position that is $75 vs $85 annually, a gap of $10 per year that compounds over a long holding period. On income, HRTS currently yields 1.30% against 1.16% for MEDX.
Holdings Overlap
At least 30.1% of HRTS's money is in holdings MEDX also owns.
Stated as a floor: for MEDX, our book for it covers 91.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
9 positions in common, counted across the 46 positions we hold weights for in HRTS and 31 in MEDX, against full books of 92 and 68.
Top Shared Holdings
| Stock | Weight in HRTS | Weight in MEDX | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 11.51% | 19.14% | 7.63% |
| ABBVAbbvie Inc. | 2.48% | 9.99% | 7.51% |
| JNJJohnson & Johnson - Common | 3.63% | 5.96% | 2.33% |
| MRKMerck & Company Inc | 4.37% | 4.60% | 0.23% |
| AZN:LNAstraZeneca PLC | 2.96% | 4.40% | 1.44% |
| BMYBristol-Myers Squibb Co. | 2.15% | 4.32% | 2.17% |
| AMGNAmgen Inc. | 0.81% | 4.67% | 3.86% |
| ALNYAlnylam Pharmaceuticals Inc. | 1.11% | 2.67% | 1.56% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.04% | 2.57% | 1.53% |
30.1% of HRTS is already inside MEDX.
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 MEDX?
HRTS has an expense ratio of 0.75% while MEDX charges 0.85%. HRTS is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HRTS or MEDX?
Over the past year HRTS returned +14.59% vs +14.21% for MEDX, 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 MEDX?
HRTS has been the more volatile fund at 17.1% annualized versus 14.5% for MEDX. Worst drawdown: HRTS -24.7% vs MEDX -21.6%.
Should I hold both HRTS and MEDX?
HRTS and MEDX have a monthly-return correlation of 0.82, 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 MEDX?
At least 30.1% of HRTS's money is in holdings MEDX also owns. Our book for MEDX is partial, so the real figure is this or higher. They hold 9 positions in common, counted across the 46 positions we hold weights for in HRTS and 31 in MEDX.
Which pays a higher dividend, HRTS or MEDX?
HRTS yields 1.30% while MEDX yields 1.16%, so HRTS currently pays the higher dividend yield.
Is MEDX better than HRTS?
HRTS has a lower expense ratio. HRTS led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.