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Performance
HWAY Performance Chart
Themes US Infrastructure ETF (HWAY) is up 15.7% since the beginning of the year. HWAY is currently trading at $36 per share.
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Returns By Period
Themes US Infrastructure ETF (HWAY) has returned 15.65% so far this year and 52.75% over the past 12 months.
Themes US Infrastructure ETF
- 1D
- 0.58%
- 1M
- 9.49%
- YTD
- 15.65%
- 6M
- 19.35%
- 1Y
- 52.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.02%
- 1M
- 3.83%
- YTD
- 0.60%
- 6M
- 3.48%
- 1Y
- 28.39%
- 3Y*
- 18.51%
- 5Y*
- 10.79%
- 10Y*
- 12.71%
HWAY Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2024, HWAY's average daily return is +0.10%, while the average monthly return is +1.99%. At this rate, an investment would double in approximately 2.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was Nov 2024 with a return of +9.8%, while the worst month was Dec 2024 at -11.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 2 months.
On a daily basis, HWAY closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.3%, while the worst single day was Apr 3, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.06% | 8.54% | -7.99% | 8.16% | 15.65% | ||||||||
| 2025 | 5.45% | -4.89% | -5.82% | 0.73% | 6.47% | 5.48% | 6.08% | 1.30% | 2.27% | 1.90% | 0.55% | -0.29% | 19.99% |
| 2024 | 6.89% | -0.01% | 9.76% | -11.87% | 3.39% |
Benchmark Metrics
Themes US Infrastructure ETF has an annualized alpha of 10.28%, beta of 1.07, and R² of 0.67 versus S&P 500 Index. Calculated based on daily prices since September 13, 2024.
- This ETF captured 172.58% of S&P 500 Index gains and 126.07% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 10.28% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 1.07 and R² of 0.67, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 10.28%
- Beta
- 1.07
- R²
- 0.67
- Upside Capture
- 172.58%
- Downside Capture
- 126.07%
Expense Ratio
HWAY has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HWAY ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Themes US Infrastructure ETF (HWAY) and compare them to a chosen benchmark (S&P 500 Index).
| HWAY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.77 | 2.17 | +0.61 |
Sortino ratioReturn per unit of downside risk | 3.79 | 3.02 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.88 | +1.11 |
Martin ratioReturn relative to average drawdown | 15.52 | 13.00 | +2.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore HWAY risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Themes US Infrastructure ETF provided a 1.12% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.06 |
Dividend yield | 1.12% | 1.29% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Themes US Infrastructure ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2024 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Themes US Infrastructure ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Themes US Infrastructure ETF was 25.96%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.
The current Themes US Infrastructure ETF drawdown is 2.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.96% | Nov 26, 2024 | 90 | Apr 8, 2025 | 74 | Jul 25, 2025 | 164 |
| -12.63% | Feb 23, 2026 | 26 | Mar 30, 2026 | — | — | — |
| -5.78% | Oct 30, 2025 | 16 | Nov 20, 2025 | 8 | Dec 3, 2025 | 24 |
| -3.97% | Jul 28, 2025 | 5 | Aug 1, 2025 | 8 | Aug 13, 2025 | 13 |
| -3.77% | Dec 12, 2025 | 4 | Dec 17, 2025 | 12 | Jan 6, 2026 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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