CZAR vs. AUMI

Last updated Jun 3, 2026

CZAR (Themes Natural Monopoly ETF) and AUMI (Themes Gold Miners ETF) are both exchange-traded funds - CZAR is a Large Cap Blend Equities fund tracking the Solactive Natural Monopoly Index - Benchmark TR Gross, while AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index. Both are passively managed. Over the past year, CZAR returned 4.21% vs 51.93% for AUMI. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

CZAR vs. AUMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Natural Monopoly ETF (CZAR) and Themes Gold Miners ETF (AUMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CZAR achieves a -0.38% return, which is significantly higher than AUMI's -3.13% return.

CZAR

• 1D: -0.09%
• 1M: 0.09%
• YTD: -0.38%
• 6M: 1.10%
• 1Y: 4.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUMI

• 1D: 1.05%
• 1M: -2.87%
• YTD: -3.13%
• 6M: 2.96%
• 1Y: 51.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CZAR vs. AUMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CZAR Themes Natural Monopoly ETF	-0.38%	13.32%	10.92%	2.34%
AUMI Themes Gold Miners ETF	-3.13%	164.18%	30.61%	4.25%

Correlation

The correlation between CZAR and AUMI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.26

CZAR vs. AUMI - Sectors Allocation Comparison

Sectors	CZAR	AUMI
Industrials	27.3%	-
Technology	20.9%	-
Financial Services	17.0%	-
Healthcare	8.2%	-
Consumer Cyclical	6.1%	-
Consumer Defensive	5.8%	-
Energy	3.9%	-
Basic Materials	3.5%	99.5%
Utilities	2.7%	-
Communication Services	2.3%	0.2%
Real Estate	-	-

Return for Risk

CZAR vs. AUMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CZAR

CZAR Risk / Return Rank: 15
CZAR Sharpe Ratio Rank: 14
CZAR Sortino Ratio Rank: 13
CZAR Omega Ratio Rank: 13
CZAR Calmar Ratio Rank: 16
CZAR Martin Ratio Rank: 18

AUMI

AUMI Risk / Return Rank: 33
AUMI Sharpe Ratio Rank: 30
AUMI Sortino Ratio Rank: 28
AUMI Omega Ratio Rank: 31
AUMI Calmar Ratio Rank: 40
AUMI Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CZAR vs. AUMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Natural Monopoly ETF (CZAR) and Themes Gold Miners ETF (AUMI). 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.

	CZAR	AUMI	Difference
Sharpe ratio Return per unit of total volatility	0.35	1.09	-0.74
Sortino ratio Return per unit of downside risk	0.57	1.54	-0.97
Omega ratio Gain probability vs. loss probability	1.07	1.21	-0.14
Calmar ratio Return relative to maximum drawdown	0.62	1.97	-1.35
Martin ratio Return relative to average drawdown	1.94	5.11	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CZAR vs. AUMI - Sharpe Ratio Comparison

The current CZAR Sharpe Ratio is 0.35, which is lower than the AUMI Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of CZAR and AUMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CZAR	AUMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	1.09	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.60	-0.89

Drawdowns

CZAR vs. AUMI - Drawdown Comparison

The maximum CZAR drawdown since its inception was -13.38%, smaller than the maximum AUMI drawdown of -31.88%. Use the drawdown chart below to compare losses from any high point for CZAR and AUMI.

Drawdown Indicators

	CZAR	AUMI	Difference
Max Drawdown Largest peak-to-trough decline	-13.38%	-31.88%	+18.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-31.88%	+22.34%
Current Drawdown Current decline from peak	-3.13%	-27.12%	+23.99%
Average Drawdown Average peak-to-trough decline	-2.18%	-7.02%	+4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	12.32%	-9.28%

Volatility

CZAR vs. AUMI - Volatility Comparison

The current volatility for Themes Natural Monopoly ETF (CZAR) is 3.09%, while Themes Gold Miners ETF (AUMI) has a volatility of 14.29%. This indicates that CZAR experiences smaller price fluctuations and is considered to be less risky than AUMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZAR	AUMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	14.29%	-11.20%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	38.44%	-28.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	48.37%	-36.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	41.56%	-26.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	41.56%	-26.52%

CZAR vs. AUMI - Expense Ratio Comparison

Both CZAR and AUMI have an expense ratio of 0.35%.

Dividends

CZAR vs. AUMI - Dividend Comparison

CZAR's dividend yield for the trailing twelve months is around 1.48%, more than AUMI's 0.89% yield.

Position	TTM	2025	2024
AUMI Themes Gold Miners ETF	0.89%	0.86%	1.84%
CZAR Themes Natural Monopoly ETF	1.48%	1.47%	0.94%

Frequently Asked Questions

Can I hold both CZAR and AUMI in my portfolio?

CZAR and AUMI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CZAR or AUMI?

AUMI has higher volatility (14.29%) compared to CZAR (3.09%). In terms of maximum drawdown, CZAR dropped -13.38% vs AUMI's -31.88%.

Which ETF is better, CZAR or AUMI?

On 1-year performance, AUMI leads with 51.93% vs 4.21% for CZAR. Both ETFs have the same 0.35% expense ratio. On volatility, CZAR has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CZAR or AUMI?

Over the 1-year period, AUMI has performed better with a 51.93% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CZAR or AUMI?

CZAR and AUMI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, CZAR or AUMI?

CZAR has the higher dividend yield at 1.48%, compared with 0.89% for AUMI.

What is the main difference between CZAR and AUMI?

CZAR is categorized as Large Cap Blend Equities, while AUMI is Gold. CZAR tracks Solactive Natural Monopoly Index - Benchmark TR Gross, while AUMI tracks Solactive Global Pure Gold Miners Index.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (1.09 vs 0.35), 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.