AAUM vs. KWT
AAUM (Tema Alternative Asset Managers ETF) and KWT (iShares MSCI Kuwait ETF) are both Financials Equities funds. AAUM is actively managed, while KWT is passively managed. At a 0.24 correlation, their price movements are largely independent. AAUM charges 0.75%/yr vs 0.74%/yr for KWT.
Performance
AAUM vs. KWT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAUM achieves a -18.14% return, which is significantly lower than KWT's -2.61% return.
AAUM
- 1D
- 1.47%
- 1M
- -4.42%
- 6M
- -18.14%
- YTD
- -18.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWT
- 1D
- 0.33%
- 1M
- -1.33%
- 6M
- -2.62%
- YTD
- -2.61%
- 1Y
- 0.77%
- 3Y*
- 9.17%
- 5Y*
- 8.47%
- 10Y*
- —
AAUM vs. KWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUM Tema Alternative Asset Managers ETF | -18.14% | 0.10% |
KWT iShares MSCI Kuwait ETF | -2.61% | -0.17% |
Correlation
The correlation between AAUM and KWT is 0.24, 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 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAUM vs. KWT — Risk / Return Rank
AAUM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KWT
AAUM vs. KWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) and iShares MSCI Kuwait ETF (KWT). 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 | KWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.12 | — |
| Martin ratioReturn relative to average drawdown | — | 0.28 | — |
Loading charts...
Drawdowns
AAUM vs. KWT - Drawdown Comparison
The maximum AAUM drawdown since its inception was -28.24%, which is greater than KWT's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for AAUM and KWT.
Loading charts...
Drawdown Indicators
| AAUM | KWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -24.37% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.37% | — |
Current DrawdownCurrent decline from peak | -22.65% | -7.32% | -15.33% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -7.29% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.13% | — |
Volatility
AAUM vs. KWT - Volatility Comparison
Loading charts...
Volatility by Period
| AAUM | KWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 13.38% | +14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 13.68% | +14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 13.94% | +13.74% |
AAUM vs. KWT - Expense Ratio Comparison
AAUM has a 0.75% expense ratio, which is higher than KWT's 0.74% expense ratio.
Dividends
AAUM vs. KWT - Dividend Comparison
AAUM's dividend yield for the trailing twelve months is around 0.92%, less than KWT's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AAUM Tema Alternative Asset Managers ETF | 0.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWT iShares MSCI Kuwait ETF | 5.65% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% |
Frequently Asked Questions
AAUM and KWT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KWT is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KWT is cheaper with a 0.74% expense ratio, compared with 0.75% for AAUM.
KWT has the higher dividend yield at 5.65%, 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 0.74% for KWT.
Find the right allocation for AAUM and KWT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer