TSPAvsHCMTETF Comparison
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T. Rowe Price U.S. Equity Research ETF (TSPA) belongs to the US Large Cap segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. TSPA is less expensive with a Total Expense Ratio (TER) of 0.34%, versus 1.18% for HCMT. TSPA is up 12.78% year-to-date (YTD) with +$2.03B in YTD flows. HCMT performs worse with 8.26% YTD performance, and -$20M in YTD flows. Run a side-by-side ETF comparison of TSPA 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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TSPA vs HCMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPA HCMT | +0.87%+4.28% | +0.57%-2.57% | +12.78%+8.26% | +20.50%+21.65% | +77.71%+63.86% | +82.16%n/a |
| Flows | TSPA HCMT | +$142M-$921K | +$1.02B-$11M | +$2.03B-$20M | +$2.14B-$5M | +$3.73B+$233M | +$3.74B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPA HCMT | +13.93%+37.05% | +13.17%+28.46% | +15.32%+29.51% | +17.72%n/a |
| Max drawdown | TSPA HCMT | -4.52%-14.83% | -9.19%-15.61% | -19.15%-36.18% | -24.81%n/a |
| Max drawdown duration | TSPA HCMT | 62d70d | 75d93d | 127d246d | 704dn/a |
Trading data
TSPA | HCMT | |
Last sale 9/4/2026 at 5:12 PM | $48.60 | $41.54 |
| Previous close 09/03/2026 | $48.76 | $40.69 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 5:12 PM
Live
Closed
TSPA | HCMT | |
|---|---|---|
| Last price | $48.60 | $41.54 |
| 1D performance | -0.33% | +2.09% |
| AuM | $4.50 B | $603.60 M |
| E/R | 0.34% | 1.18% |
Characteristics
TSPA | HCMT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Direxion |
| Benchmark | - | - |
| N° of holdings | 327 | 495 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 8, 2021 | June 22, 2023 |
| ESG | No | No |
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Exposure
Countries
TSPA
USA
95.3%
Other
4.7%
HCMT
USA
81.84%
Other
18.16%
Sectors
TSPA
Technology
45.36%
Finance
13.87%
Consumer Non-Cycl.
9.38%
Healthcare
8.8%
Industrials
7.53%
Other
15.06%
HCMT
Technology
37.93%
Finance
11.79%
Consumer Non-Cycl.
7.98%
Healthcare
7.54%
Other
34.76%
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Diversification
TSPA
Total weight of top 15 holdings out of 15
45.1%
HCMT
Total weight of top 15 holdings out of 15
37.35%
Top 15 holdings
Data as of July 31, 2026
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%
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 TSPA and HCMT
How have the TSPA and HCMT ETFs performed in 2026?
As of September 2, 2026, TSPA is up 12.78% year-to-date (YTD), while HCMT has returned 8.26%. That puts TSPA better performer ahead so far this year.
Which ETF is attracting more investor money: TSPA or HCMT?
Year-to-date, the TSPA ETF saw +$2.03B in flows, compared to -$20M for HCMT.
Which ETF is more volatile: TSPA or HCMT?
Over the past year, TSPA had a volatility of 13.17%, while HCMT experienced 28.46%.
Which ETF is bigger: TSPA or HCMT?
As of September 2, 2026, TSPA holds $4.50 B in assets under management (AUM), while HCMT manages $603.60 M.
What sectors do the TSPA and HCMT ETFs invest in?
TSPA leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the TSPA ETF and HCMT ETF?
TSPA top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: TSPA or HCMT?
TSPA holds 333 securities with 45.1% 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 TSPA & HCMT
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