AAUM vs. KRE
AAUM (Tema Alternative Asset Managers ETF) and KRE (SPDR S&P Regional Banking ETF) are both Financials Equities funds. AAUM is actively managed, while KRE is passively managed. At a 0.48 correlation, their price movements are largely independent. AAUM charges 0.75%/yr vs 0.35%/yr for KRE.
Performance
AAUM vs. KRE - 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 KRE's 17.11% return.
AAUM
- 1D
- 1.47%
- 1M
- 1.03%
- 6M
- -19.10%
- YTD
- -18.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KRE
- 1D
- -1.52%
- 1M
- 11.16%
- 6M
- 16.34%
- YTD
- 17.11%
- 1Y
- 21.53%
- 3Y*
- 25.01%
- 5Y*
- 5.66%
- 10Y*
- 9.77%
AAUM vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUM Tema Alternative Asset Managers ETF | -18.14% | 0.10% |
KRE SPDR S&P Regional Banking ETF | 17.11% | 3.03% |
Correlation
The correlation between AAUM and KRE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.48 |
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Return for Risk
AAUM vs. KRE — Risk / Return Rank
AAUM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KRE
AAUM vs. KRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) and SPDR S&P Regional Banking ETF (KRE). 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 | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.54 | — |
| Martin ratioReturn relative to average drawdown | — | 4.00 | — |
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Drawdowns
AAUM vs. KRE - Drawdown Comparison
The maximum AAUM drawdown since its inception was -28.24%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for AAUM and KRE.
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Drawdown Indicators
| AAUM | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -68.54% | +40.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.95% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.92% | — |
Current DrawdownCurrent decline from peak | -22.65% | -1.52% | -21.13% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -21.82% | +8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.75% | — |
Volatility
AAUM vs. KRE - Volatility Comparison
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Volatility by Period
| AAUM | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 23.03% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 29.83% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 31.76% | -4.08% |
AAUM vs. KRE - Expense Ratio Comparison
AAUM has a 0.75% expense ratio, which is higher than KRE's 0.35% expense ratio.
Dividends
AAUM vs. KRE - Dividend Comparison
AAUM's dividend yield for the trailing twelve months is around 0.92%, less than KRE's 2.13% 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% |
KRE SPDR S&P Regional Banking ETF | 2.13% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
Frequently Asked Questions
AAUM and KRE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KRE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KRE is cheaper with a 0.35% expense ratio, compared with 0.75% for AAUM.
KRE has the higher dividend yield at 2.13%, compared with 0.92% for AAUM.
They also come from different issuers: Tema ETFs and State Street. Their fees differ too: 0.75% for AAUM and 0.35% for KRE.
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