ARMY vs. XAR
ARMY (Tema International Defense ETF) and XAR (SPDR S&P Aerospace & Defense ETF) are both Aerospace & Defense funds. ARMY is actively managed, while XAR is passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. ARMY charges 0.68%/yr vs 0.35%/yr for XAR.
Performance
ARMY vs. XAR - Performance Comparison
Loading charts...
Returns By Period
ARMY
- 1D
- 0.13%
- 1M
- -0.13%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XAR
- 1D
- 0.77%
- 1M
- -7.89%
- 6M
- -2.90%
- YTD
- 9.86%
- 1Y
- 24.03%
- 3Y*
- 29.11%
- 5Y*
- 16.36%
- 10Y*
- 17.38%
- ALL TIME*
- 18.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $60.49K | $59.12K | $65.58K | |
| $64.82M | $59.56M | $61.10M |
ARMY vs. XAR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMY Tema International Defense ETF | 2.13% |
XAR SPDR S&P Aerospace & Defense ETF | 9.36% |
Correlation
The correlation between ARMY and XAR is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026 | 0.78 |
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
ARMY vs. XAR — Risk / Return Rank
ARMY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XAR
ARMY vs. XAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema International Defense ETF (ARMY) and SPDR S&P Aerospace & Defense ETF (XAR). 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.
| ARMY | XAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 3.45 | — |
Loading charts...
Drawdowns
ARMY vs. XAR - Drawdown Comparison
The maximum ARMY drawdown since its inception was -16.37%, smaller than the maximum XAR drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for ARMY and XAR.
Loading charts...
Drawdown Indicators
| ARMY | XAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -46.37% | +30.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.37% | — |
Current DrawdownCurrent decline from peak | -6.39% | -9.47% | +3.08% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -6.78% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.61% | — |
Volatility
ARMY vs. XAR - Volatility Comparison
Loading charts...
Volatility by Period
| ARMY | XAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.33% | 28.75% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 23.84% | +7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.33% | 24.85% | +6.48% |
ARMY vs. XAR - Expense Ratio Comparison
ARMY has a 0.68% expense ratio, which is higher than XAR's 0.35% expense ratio.
Dividends
ARMY vs. XAR - Dividend Comparison
ARMY has not paid dividends to shareholders, while XAR's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARMY Tema International Defense ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAR SPDR S&P Aerospace & Defense ETF | 0.31% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
Frequently Asked Questions
ARMY and XAR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAR is cheaper with a 0.35% expense ratio, compared with 0.68% for ARMY.
XAR has the higher dividend yield at 0.31%, compared with 0.00% for ARMY.
They also come from different issuers: Tema and State Street. Their fees differ too: 0.68% for ARMY and 0.35% for XAR.
Find the right allocation for ARMY and XAR
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