HRTS vs OVL
Tema Heart & Health ETF vs Overlay Shares Large Cap Equity ETF
Which is better, HRTS or OVL?
Each has led over a different period.
HRTS has a lower expense ratio. HRTS led over 1Y, OVL over 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 | OVL |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.79% |
| AUM | $53M | $497M |
| Dividend Yield | 1.30% | 9.13% |
| Holdings | 92 | 16 |
| YTD Return | +2.75% | +6.54%Best |
| 1Y Return | +14.59%Best | +10.05% |
| 3Y Return (annualized) | +13.00% | +20.74%Best |
| 5Y Return (annualized) | - | +11.49% |
| Volatility (annualized) | 17.1% | 13.3%Best |
| Max Drawdown | -24.7% | -21.7%Best |
| $10,000 over 2.9 years | $14,254 | $16,890Best |
| Fund Family | Tema Global Limited | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | Sep 30, 2019 |
Not shown on this pair: 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 OVL 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 OVL Performance
Tema Heart & Health ETF (HRTS) is an ETF from Tema Global Limited and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year HRTS returned +14.59% while OVL returned +10.05%. Year to date, HRTS is up 2.75% versus a gain of 6.54% for OVL.
Over three years, HRTS compounded at +13.00% per year against +20.74% for OVL.
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 13.3% for OVL. 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 -21.7% for OVL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HRTS charges 0.75% per year while OVL charges 0.79%. On a $10,000 position that is $75 vs $79 annually, a gap of $4 per year that compounds over a long holding period. On income, HRTS currently yields 1.30% against 9.13% for OVL.
Holdings Overlap
We hold position weights for 46 holdings in HRTS and 2 in OVL, totalling 100.3% and 100.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 46 positions we hold weights for in HRTS and 2 in OVL, against full books of 92 and 16.
You are not choosing between two funds in isolation.
Whichever of HRTS and OVL 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, HRTS or OVL?
HRTS has an expense ratio of 0.75% while OVL charges 0.79%. HRTS is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, HRTS or OVL?
Over the past year HRTS returned +14.59% vs +10.05% for OVL, 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 OVL?
HRTS has been the more volatile fund at 17.1% annualized versus 13.3% for OVL. Worst drawdown: HRTS -24.7% vs OVL -21.7%.
Should I hold both HRTS and OVL?
HRTS and OVL have a monthly-return correlation of 0.45, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HRTS or OVL?
HRTS yields 1.30% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than HRTS?
HRTS has a lower expense ratio. HRTS led over 1Y, OVL over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.