HRTS vs XVOL
Tema Heart & Health ETF vs Acruence Active Hedge US Equity ETF
Which is better, HRTS or XVOL?
Each has led over a different period.
HRTS has a lower expense ratio. HRTS led over 1Y, XVOL over the full window. XVOL is less concentrated, with 17.8% 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 | HRTS | XVOL |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.83% |
| AUM | $53M | $2M |
| Dividend Yield | 1.30% | 2.00% |
| Holdings | 92 | 83 |
| Volatility (annualized) | 18.4% | 15.6%Best |
| Max Drawdown | -24.7% | -21.5%Best |
| $10,000 over 2.4 years | $13,403 | $13,713Best |
| Top 10 Weight | 48.3% | 17.8%Best |
| Fund Family | Tema Global Limited | Acruence Capital, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 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. HRTS has data through Oct 14, 2026 and XVOL through Apr 16, 2026.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Nov 21, 2023 to Apr 16, 2026 (2.4 years).
Risk: Volatility and Drawdowns
HRTS has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.6% 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 -24.7% for HRTS 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 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HRTS 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, HRTS currently yields 1.30% against 2.00% for XVOL.
Holdings Overlap
43.2% of HRTS's money is in holdings XVOL also owns. 15.4% of XVOL's money is in holdings HRTS also owns.
The two portfolios partly overlap.
The two holdings books were reported 274 days apart, HRTS 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.
13 positions in common, counted across the 46 positions we hold weights for in HRTS and 81 in XVOL, against full books of 92 and 83.
What only one of them owns
Our book lists 66 positions for XVOL that do not appear in our book for HRTS (82.0% of the fund), and 25 for HRTS that do not appear in XVOL (39.6%).
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.
Top Shared Holdings
| Stock | Weight in HRTS | Weight in XVOL | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 11.51% | 1.60% | 9.91% |
| TMOThermo Fisherscientific Inc. | 5.64% | 1.27% | 4.37% |
| MRKMerck & Company Inc | 4.37% | 1.19% | 3.18% |
| JNJJohnson & Johnson - Common | 3.63% | 0.80% | 2.83% |
| GILDGilead Sciences | 3.28% | 1.13% | 2.15% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.92% | 1.41% | 1.51% |
| ISRGIntuitive Surgical Inc. | 2.40% | 1.32% | 1.08% |
| ABTAbbot Laboratories | 2.82% | 0.86% | 1.96% |
| BMYBristol-Myers Squibb Co. | 2.15% | 1.26% | 0.89% |
| REGNRegeneron Pharmaceuticals, Inc. | 1.04% | 1.56% | 0.52% |
43.2% of HRTS is already inside XVOL.
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 XVOL?
HRTS has an expense ratio of 0.75% while XVOL charges 0.83%. HRTS is the cheaper option, by $8 a year on a $10,000 investment.
Which is riskier, HRTS or XVOL?
HRTS has been the more volatile fund at 18.4% annualized versus 15.6% for XVOL. Worst drawdown: HRTS -24.7% vs XVOL -21.5%.
Should I hold both HRTS and XVOL?
HRTS and XVOL have a monthly-return correlation of 0.46, 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 XVOL?
43.2% of HRTS's money is in holdings XVOL also owns. 15.4% of XVOL's is in holdings HRTS also owns. They hold 13 positions in common, counted across the 46 positions we hold weights for in HRTS and 81 in XVOL.
Which pays a higher dividend, HRTS or XVOL?
HRTS yields 1.30% while XVOL yields 2.00%, so XVOL currently pays the higher dividend yield.
Is XVOL better than HRTS?
HRTS has a lower expense ratio. HRTS led over 1Y, XVOL over the full window. XVOL is less concentrated, with 17.8% 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.