HCMTvsTSPAETF Comparison
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Direxion HCM Tactical Enhanced US ETF (HCMT) belongs to the Alternatives segment. T. Rowe Price U.S. Equity Research ETF (TSPA) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HCMT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.34% for TSPA. HCMT is up 7.1% year-to-date (YTD) with -$22M in YTD flows. TSPA performs better with 11.19% YTD performance, and +$2.04B in YTD flows. Run a side-by-side ETF comparison of HCMT and TSPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HCMT vs TSPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HCMT TSPA | -3.13%-2.33% | +0.94%+0.31% | +7.10%+11.19% | +14.05%+15.44% | +67.84%+76.81% | n/a+82.14% |
| Flows | HCMT TSPA | -$5M+$58M | -$11M+$876M | -$22M+$2.04B | -$16M+$2.12B | +$232M+$3.74B | -+$3.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HCMT TSPA | +31.90%+11.60% | +28.67%+13.25% | +29.47%+15.31% | n/a+17.72% |
| Max drawdown | HCMT TSPA | -13.91%-3.66% | -15.61%-9.19% | -36.18%-19.15% | n/a-24.81% |
| Max drawdown duration | HCMT TSPA | 52d16d | 107d75d | 246d127d | n/a704d |
Trading data
HCMT | TSPA | |
Last sale 9/17/2026 at 1:30 PM | $41.17 | $48.10 |
| Previous close 09/17/2026 | $39.90 | $47.55 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
HCMT | TSPA | |
|---|---|---|
| Last price | $41.17 | $48.10 |
| 1D performance | +3.17% | +1.16% |
| AuM | $595.11 M | $4.45 B |
| E/R | 1.18% | 0.34% |
Characteristics
HCMT | TSPA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Direxion | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 500 | 332 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 22, 2023 | June 8, 2021 |
| ESG | No | No |
Exposure
Countries
HCMT
USA
82.72%
Other
17.28%
TSPA
USA
95.93%
Other
4.07%
Sectors
HCMT
Technology
37.93%
Finance
11.79%
Consumer Non-Cycl.
7.98%
Healthcare
7.54%
Other
34.76%
TSPA
Technology
45.37%
Finance
13.87%
Consumer Non-Cycl.
9.38%
Healthcare
8.8%
Industrials
7.71%
Other
14.87%
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Diversification
HCMT
Total weight of top 15 holdings out of 15
37.35%
TSPA
Total weight of top 15 holdings out of 15
45.1%
Top 15 holdings
Data as of July 31, 2026
HCMT
NVIDIA Corp.
6.40%
Apple, Inc.
5.98%
Microsoft Corp.
4.55%
Amazon.com, Inc.
3.50%
Alphabet, Inc.
2.75%
Broadcom Inc.
2.43%
Alphabet, Inc.
2.22%
Meta Platforms, Inc.
1.61%
JPMorgan Chase & Co.
1.24%
Berkshire Hathaway, Inc.
1.23%
Micron Technology, Inc.
1.22%
Eli Lilly & Co.
1.20%
Tesla, Inc.
1.15%
Advanced Micro Devices, Inc.
1.02%
ExxonMobil Holdings Corp.
0.85%
TSPA
Apple, Inc.
7.69%
NVIDIA Corp.
7.68%
Microsoft Corp.
5.42%
Amazon.com, Inc.
4.21%
Alphabet, Inc.
3.43%
Broadcom Inc.
3.00%
Alphabet, Inc.
2.69%
Meta Platforms, Inc.
2.07%
Eli Lilly & Co.
1.46%
JPMorgan Chase & Co.
1.43%
Advanced Micro Devices, Inc.
1.33%
Tesla, Inc.
1.30%
Micron Technology, Inc.
1.26%
Mastercard, Inc.
1.19%
Johnson & Johnson
0.93%
Frequently asked questions about HCMT and TSPA
How have the HCMT and TSPA ETFs performed in 2026?
As of September 17, 2026, HCMT is up 7.1% year-to-date (YTD), while TSPA has returned 11.19%. That puts TSPA better performer ahead so far this year.
Which ETF is attracting more investor money: HCMT or TSPA?
Year-to-date, the HCMT ETF saw -$22M in flows, compared to +$2.04B for TSPA.
Which ETF is more volatile: HCMT or TSPA?
Over the past year, HCMT had a volatility of 28.67%, while TSPA experienced 13.25%.
Which ETF is bigger: HCMT or TSPA?
As of September 17, 2026, HCMT holds $595.11 M in assets under management (AUM), while TSPA manages $4.45 B.
What sectors do the HCMT and TSPA ETFs invest in?
HCMT leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPA focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HCMT ETF and TSPA ETF?
HCMT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TSPA holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: HCMT or TSPA?
HCMT holds 503 securities with 37.35% of its assets in the top 15. TSPA has 333 securities and a top 15 weight of 45.1%.
Latest news about HCMT & TSPA
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