AAUM vs. FTXO

Last updated Jun 3, 2026

AAUM (Tema Alternative Asset Managers ETF) and FTXO (First Trust Nasdaq Bank ETF) are both Financials Equities funds. AAUM is actively managed, while FTXO is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. AAUM charges 0.75%/yr vs 0.60%/yr for FTXO.

Performance

AAUM vs. FTXO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Alternative Asset Managers ETF (AAUM) and First Trust Nasdaq Bank ETF (FTXO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAUM achieves a -14.36% return, which is significantly lower than FTXO's 2.18% return.

AAUM

• 1D: -0.62%
• 1M: -1.36%
• YTD: -14.36%
• 6M: -7.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXO

• 1D: 2.11%
• 1M: -1.07%
• YTD: 2.18%
• 6M: 8.55%
• 1Y: 26.94%
• 3Y*: 24.74%
• 5Y*: 5.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAUM vs. FTXO - Yearly Performance Comparison

	2026 (YTD)	2025
AAUM Tema Alternative Asset Managers ETF	-14.36%	1.19%
FTXO First Trust Nasdaq Bank ETF	2.18%	8.11%

Correlation

The correlation between AAUM and FTXO is 0.55, 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 2, 2025	0.55

Return for Risk

AAUM vs. FTXO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTXO

FTXO Risk / Return Rank: 33
FTXO Sharpe Ratio Rank: 36
FTXO Sortino Ratio Rank: 34
FTXO Omega Ratio Rank: 35
FTXO Calmar Ratio Rank: 32
FTXO Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAUM vs. FTXO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) and First Trust Nasdaq Bank ETF (FTXO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AAUM	FTXO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	0.31	-1.04

Drawdowns

AAUM vs. FTXO - Drawdown Comparison

The maximum AAUM drawdown since its inception was -28.24%, smaller than the maximum FTXO drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for AAUM and FTXO.

Drawdown Indicators

	AAUM	FTXO	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-55.26%	+27.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.55%	—
Current Drawdown Current decline from peak	-19.07%	-6.85%	-12.22%
Average Drawdown Average peak-to-trough decline	-11.91%	-15.88%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.99%	—

Volatility

Volatility by Period

	AAUM	FTXO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.82%	20.75%	+6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.82%	27.00%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	29.99%	-3.17%

AAUM vs. FTXO - Expense Ratio Comparison

AAUM has a 0.75% expense ratio, which is higher than FTXO's 0.60% expense ratio.

Dividends

AAUM vs. FTXO - Dividend Comparison

AAUM's dividend yield for the trailing twelve months is around 0.88%, less than FTXO's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AAUM Tema Alternative Asset Managers ETF	0.88%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTXO First Trust Nasdaq Bank ETF	1.76%	1.92%	2.18%	3.20%	2.94%	1.64%	2.74%	2.53%	3.51%	1.09%	0.16%

Frequently Asked Questions

Can I hold both AAUM and FTXO in my portfolio?

AAUM and FTXO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAUM or FTXO?

On fees, FTXO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAUM or FTXO?

FTXO is cheaper with a 0.60% expense ratio, compared with 0.75% for AAUM.

Which ETF pays a higher dividend yield, AAUM or FTXO?

FTXO has the higher dividend yield at 1.76%, compared with 0.88% for AAUM.

What is the main difference between AAUM and FTXO?

They also come from different issuers: Tema ETFs and First Trust. Their fees differ too: 0.75% for AAUM and 0.60% for FTXO.