AAUM vs. IYF
AAUM (Tema Alternative Asset Managers ETF) and IYF (iShares U.S. Financials ETF) are both Financials Equities funds. AAUM is actively managed, while IYF is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. AAUM charges 0.75%/yr vs 0.42%/yr for IYF.
Performance
AAUM vs. IYF - Performance Comparison
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Returns By Period
In the year-to-date period, AAUM achieves a -18.14% return, which is significantly lower than IYF's 3.11% return.
AAUM
- 1D
- 1.47%
- 1M
- 1.03%
- 6M
- -19.10%
- YTD
- -18.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYF
- 1D
- 1.27%
- 1M
- 8.76%
- 6M
- 2.54%
- YTD
- 3.11%
- 1Y
- 8.92%
- 3Y*
- 22.49%
- 5Y*
- 11.82%
- 10Y*
- 13.81%
AAUM vs. IYF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUM Tema Alternative Asset Managers ETF | -18.14% | 0.10% |
IYF iShares U.S. Financials ETF | 3.11% | 2.26% |
Correlation
The correlation between AAUM and IYF is 0.69, 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 | 0.69 |
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Return for Risk
AAUM vs. IYF — Risk / Return Rank
AAUM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYF
AAUM vs. IYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) and iShares U.S. Financials ETF (IYF). 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 | IYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.72 | — |
| Martin ratioReturn relative to average drawdown | — | 1.94 | — |
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Drawdowns
AAUM vs. IYF - Drawdown Comparison
The maximum AAUM drawdown since its inception was -28.24%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for AAUM and IYF.
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Drawdown Indicators
| AAUM | IYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -79.09% | +50.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.57% | — |
Current DrawdownCurrent decline from peak | -22.65% | -0.05% | -22.60% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -17.56% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.16% | — |
Volatility
AAUM vs. IYF - Volatility Comparison
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Volatility by Period
| AAUM | IYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 14.60% | +13.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 19.02% | +8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 20.81% | +6.87% |
AAUM vs. IYF - Expense Ratio Comparison
AAUM has a 0.75% expense ratio, which is higher than IYF's 0.42% expense ratio.
Dividends
AAUM vs. IYF - Dividend Comparison
AAUM's dividend yield for the trailing twelve months is around 0.92%, less than IYF's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAUM Tema Alternative Asset Managers ETF | 0.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYF iShares U.S. Financials ETF | 1.45% | 1.32% | 1.29% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% |
Frequently Asked Questions
AAUM and IYF have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYF is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYF is cheaper with a 0.42% expense ratio, compared with 0.75% for AAUM.
IYF has the higher dividend yield at 1.45%, compared with 0.92% for AAUM.
They also come from different issuers: Tema ETFs and iShares. Their fees differ too: 0.75% for AAUM and 0.42% for IYF.
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