THEQvsHCMTETF Comparison
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T. Rowe Price Hedged Equity ETF (THEQ) and Direxion HCM Tactical Enhanced US ETF (HCMT) belong to the same industry segment: Alternatives. THEQ's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, HCMT's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. THEQ is less expensive with a Total Expense Ratio (TER) of 0.73%, versus 1.18% for HCMT. THEQ is up 7.56% year-to-date (YTD) with +$3M in YTD flows. HCMT performs worse with 5.99% YTD performance, and -$20M in YTD flows. Run a side-by-side ETF comparison of THEQ and HCMT 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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THEQ vs HCMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | THEQ HCMT | +0.18%+2.10% | +0.21%-5.48% | +7.56%+5.99% | +12.43%+20.51% | n/a+60.43% | n/an/a |
| Flows | THEQ HCMT | +$761K-$921K | +$4M-$11M | +$3M-$20M | +$13M-$5M | -+$233M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | THEQ HCMT | +10.00%+36.84% | +9.22%+28.41% | n/a+29.50% | n/an/a |
| Max drawdown | THEQ HCMT | -3.25%-15.61% | -6.17%-15.61% | n/a-36.18% | n/an/a |
| Max drawdown duration | THEQ HCMT | 62d92d | 48d92d | n/a246d | n/an/a |
Trading data
THEQ | HCMT | |
Last sale 9/3/2026 at 1:30 PM | $30.49 | $41.54 |
| Previous close 09/02/2026 | $30.21 | $40.69 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
THEQ | HCMT | |
|---|---|---|
| Last price | $30.49 | $41.54 |
| 1D performance | +0.93% | +2.09% |
| AuM | $39.12 M | $590.95 M |
| E/R | 0.73% | 1.18% |
Characteristics
THEQ | HCMT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Direxion |
| Benchmark | - | - |
| N° of holdings | 349 | 495 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2025 | June 22, 2023 |
| ESG | No | No |
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Exposure
Countries
THEQ
USA
91.24%
Other
8.76%
HCMT
USA
81.84%
Other
18.16%
Sectors
THEQ
Technology
41.44%
Finance
13.4%
Healthcare
9.06%
Consumer Non-Cycl.
9.02%
Other
27.09%
HCMT
Technology
37.93%
Finance
11.79%
Consumer Non-Cycl.
7.98%
Healthcare
7.54%
Other
34.76%
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Diversification
THEQ
Total weight of top 15 holdings out of 15
39.16%
HCMT
Total weight of top 15 holdings out of 15
37.35%
Top 15 holdings
Data as of July 31, 2026
THEQ
NVIDIA Corp.
6.66%
Apple, Inc.
6.51%
Microsoft Corp.
4.80%
Amazon.com, Inc.
3.53%
Alphabet, Inc.
2.98%
Broadcom Inc.
2.59%
Alphabet, Inc.
2.26%
Meta Platforms, Inc.
1.78%
Eli Lilly & Co.
1.25%
Mastercard, Inc.
1.22%
JPMorgan Chase & Co.
1.20%
Advanced Micro Devices, Inc.
1.16%
Tesla, Inc.
1.09%
Micron Technology, Inc.
1.08%
Cisco Systems, Inc.
1.05%
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%
US30233Q1085
0.85%
Frequently asked questions about THEQ and HCMT
How have the THEQ and HCMT ETFs performed in 2026?
As of September 1, 2026, THEQ is up 7.56% year-to-date (YTD), while HCMT has returned 5.99%. That puts THEQ better performer ahead so far this year.
Which ETF is attracting more investor money: THEQ or HCMT?
Year-to-date, the THEQ ETF saw +$3M in flows, compared to -$20M for HCMT.
Which ETF is more volatile: THEQ or HCMT?
Over the past year, THEQ had a volatility of 9.22%, while HCMT experienced 28.41%.
Which ETF is bigger: THEQ or HCMT?
As of September 1, 2026, THEQ holds $39.12 M in assets under management (AUM), while HCMT manages $590.95 M.
What sectors do the THEQ and HCMT ETFs invest in?
THEQ leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the THEQ ETF and HCMT ETF?
THEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: THEQ or HCMT?
THEQ holds 355 securities with 39.16% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.
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Latest news about THEQ & HCMT
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