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Themes US Infrastructure ETF (HWAY) Sharpe Ratio: 1.45
Delisted

ETF · Currency in USD · Last updated Aug 2, 2026

The Themes US Infrastructure ETF seeks to track the Solactive United States Infrastructure Index, investing in U.S. infrastructure companies tied to building materials, construction, logistics, and engineering services.

HWAY's Sharpe Ratio of 1.45 indicates that for each unit of volatility, it generates 1.45 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HWAY Sharpe Ratio Market Positioning

The chart shows HWAY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.74
  • Green zone (top 25%): 1.74 or higher
  • Top 1%: 6.27+
  • Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares Themes US Infrastructure ETF's Sharpe Ratio with other ETFs in the Infrastructure Equities, Industrials Equities category across multiple time periods, showing how HWAY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BOATSonicShares Global Shipping ETF2.85
SEAU.S. Global Sea to Sky Cargo ETF2.36
PIPEInvesco SteelPath MLP & Energy Infrastructure ETF2.12
ROKTSPDR S&P Kensho Final Frontiers ETF1.96
ENFRAlerian Energy Infrastructure ETF1.89
BILTiShares Infrastructure Active ETF1.84
BKGIBny Mellon Global Infrastructure Income ETF1.80
FTXRFirst Trust Nasdaq Transportation ETF1.79
USNGAmplify Samsung U.S. Natural Gas Infrastructure ETF1.79
EMLPFirst Trust North American Energy Infrastructure Fund1.78
HWAYThemes US Infrastructure ETF—
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Historical Sharpe Ratio

The chart shows HWAY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HWAY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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