AAUM vs. EUFN
AAUM (Tema Alternative Asset Managers ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. AAUM is actively managed, while EUFN is passively managed. A 0.59 correlation means they provide meaningful diversification when combined. AAUM charges 0.75%/yr vs 0.49%/yr for EUFN.
Performance
AAUM vs. EUFN - Performance Comparison
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Returns By Period
In the year-to-date period, AAUM achieves a -21.47% return, which is significantly lower than EUFN's 7.01% return.
AAUM
- 1D
- 0.34%
- 1M
- -9.60%
- YTD
- -21.47%
- 6M
- -22.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUFN
- 1D
- 0.81%
- 1M
- 2.06%
- YTD
- 7.01%
- 6M
- 6.41%
- 1Y
- 29.66%
- 3Y*
- 33.51%
- 5Y*
- 19.43%
- 10Y*
- 14.83%
AAUM vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUM Tema Alternative Asset Managers ETF | -21.47% | 0.10% |
EUFN iShares MSCI Europe Financials ETF | 7.01% | 9.55% |
Correlation
The correlation between AAUM and EUFN is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.59 |
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Return for Risk
AAUM vs. EUFN — Risk / Return Rank
AAUM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUFN
AAUM vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) and iShares MSCI Europe Financials ETF (EUFN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAUM | EUFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.02 | — |
| Martin ratioReturn relative to average drawdown | — | 7.05 | — |
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Drawdowns
AAUM vs. EUFN - Drawdown Comparison
The maximum AAUM drawdown since its inception was -28.24%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for AAUM and EUFN.
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Drawdown Indicators
| AAUM | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -53.25% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.25% | — |
Current DrawdownCurrent decline from peak | -25.79% | -1.46% | -24.33% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -14.51% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.22% | — |
Volatility
AAUM vs. EUFN - Volatility Comparison
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Volatility by Period
| AAUM | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 19.97% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 21.86% | +6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.86% | 23.88% | +3.98% |
AAUM vs. EUFN - Expense Ratio Comparison
AAUM has a 0.75% expense ratio, which is higher than EUFN's 0.49% expense ratio.
Dividends
AAUM vs. EUFN - Dividend Comparison
AAUM's dividend yield for the trailing twelve months is around 0.96%, less than EUFN's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAUM Tema Alternative Asset Managers ETF | 0.96% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUFN iShares MSCI Europe Financials ETF | 4.29% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
Frequently Asked Questions
AAUM and EUFN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFN is cheaper with a 0.49% expense ratio, compared with 0.75% for AAUM.
EUFN has the higher dividend yield at 4.29%, compared with 0.96% for AAUM.
They also come from different issuers: Tema ETFs and iShares. Their fees differ too: 0.75% for AAUM and 0.49% for EUFN.
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