ASML vs. VOLT

Last updated Aug 1, 2026

ASML (ASML Holding N.V.) is a stock, while VOLT (Tema Electrification ETF) is Global Equities fund actively managed by Tema. Over the past year, ASML returned 136.03% vs 36.60% for VOLT. Their 0.59 correlation means they have sometimes moved together and sometimes differently.

Performance

ASML vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding N.V. (ASML) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASML achieves a 53.00% return, which is significantly higher than VOLT's 28.30% return.

ASML

• 1D: -1.36%
• 1M: -11.50%
• 6M: 15.03%
• YTD: 53.00%
• 1Y: 136.03%
• 3Y*: 33.26%
• 5Y*: 17.48%
• 10Y*: 32.27%
• ALL TIME*: 26.74%

VOLT

• 1D: 1.62%
• 1M: -8.10%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 36.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASML ASML Holding N.V.	$3.24B	$3.55B	$3.45B
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

ASML vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ASML ASML Holding N.V.	53.00%	56.51%	-3.48%
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%

Correlation

The correlation between ASML and VOLT is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.59

The correlation between ASML and VOLT has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

ASML vs. VOLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASML

ASML Risk / Return Rank: 96
ASML Sharpe Ratio Rank: 97
ASML Sortino Ratio Rank: 95
ASML Omega Ratio Rank: 93
ASML Calmar Ratio Rank: 97
ASML Martin Ratio Rank: 98

VOLT

VOLT Risk / Return Rank: 63
VOLT Sharpe Ratio Rank: 66
VOLT Sortino Ratio Rank: 61
VOLT Omega Ratio Rank: 61
VOLT Calmar Ratio Rank: 61
VOLT Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASML vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML) and Tema Electrification ETF (VOLT). 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.

	ASML	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	2.98	1.50	+1.48
Sortino ratio: Return per unit of downside risk	3.37	2.04	+1.33
Omega ratio: Gain probability vs. loss probability	1.41	1.26	+0.15
Calmar ratio: Return relative to maximum drawdown	6.23	2.14	+4.10
Martin ratio: Return relative to average drawdown	21.34	8.15	+13.19

ASML vs. VOLT - Sharpe Ratio Comparison

The current ASML Sharpe Ratio is 2.98, which is higher than the VOLT Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of ASML and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASML vs. VOLT - Drawdown Comparison

The maximum ASML drawdown since its inception was -90.00%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for ASML and VOLT.

Drawdown Indicators

	ASML	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-23.40%	-66.60%
Max Drawdown (1Y) Largest decline over 1 year	-21.95%	-17.22%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-45.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.84%	—	—
Current Drawdown Current decline from peak	-18.01%	-11.75%	-6.26%
Average Drawdown Average peak-to-trough decline	-28.04%	-5.34%	-22.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	4.50%	+1.90%

Volatility

ASML vs. VOLT - Volatility Comparison

ASML Holding N.V. (ASML) has a higher volatility of 14.49% compared to Tema Electrification ETF (VOLT) at 9.95%. This indicates that ASML's price experiences larger fluctuations and is considered to be riskier than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASML	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.49%	9.95%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	37.32%	21.11%	+16.21%
Volatility (1Y) Calculated over the trailing 1-year period	46.08%	24.43%	+21.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.25%	25.46%	+17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.13%	25.46%	+13.67%

Dividends

ASML vs. VOLT - Dividend Comparison

ASML's dividend yield for the trailing twelve months is around 0.56%, more than VOLT's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.56%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
VOLT Tema Electrification ETF	0.36%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASML and VOLT in my portfolio?

ASML and VOLT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASML or VOLT?

ASML has higher volatility (14.49%) compared to VOLT (9.95%). In terms of maximum drawdown, ASML dropped -90.00% vs VOLT's -23.40%.

Which has better risk-adjusted returns?

ASML currently has the higher Sharpe Ratio (2.98 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.