DISK vs. SHOC

Last updated Jul 27, 2026

DISK (Tema Memory ETF) and SHOC (Strive U.S. Semiconductor ETF) are both Semiconductors funds. DISK is actively managed, while SHOC is passively managed. Their correlation of 0.92 means they have usually moved in the same direction. DISK charges 0.75%/yr vs 0.40%/yr for SHOC.

Performance

DISK vs. SHOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Memory ETF (DISK) and Strive U.S. Semiconductor ETF (SHOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DISK

• 1D: -9.86%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SHOC

• 1D: -3.34%
• 1M: -8.27%
• 6M: 39.14%
• YTD: 52.71%
• 1Y: 91.02%
• 3Y*: 43.83%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.39%

*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)
DISK Tema Memory ETF	$13.68M	$15.67M	$15.67M
SHOC Strive U.S. Semiconductor ETF	$1.27M	$2.32M	$2.53M

DISK vs. SHOC - Yearly Performance Comparison

	2026 (YTD)
DISK Tema Memory ETF	-30.68%
SHOC Strive U.S. Semiconductor ETF	-11.05%

Correlation

The correlation between DISK and SHOC is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026	0.92

Return for Risk

DISK vs. SHOC — Risk / Return Rank

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

DISK

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHOC

SHOC Risk / Return Rank: 89
SHOC Sharpe Ratio Rank: 92
SHOC Sortino Ratio Rank: 83
SHOC Omega Ratio Rank: 84
SHOC Calmar Ratio Rank: 95
SHOC Martin Ratio Rank: 93

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.

DISK vs. SHOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Memory ETF (DISK) and Strive U.S. Semiconductor ETF (SHOC). 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.

	DISK	SHOC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	2.72	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	5.36	—
Martin ratio: Return relative to average drawdown	—	16.89	—

Drawdowns

DISK vs. SHOC - Drawdown Comparison

The maximum DISK drawdown since its inception was -32.90%, smaller than the maximum SHOC drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for DISK and SHOC.

Drawdown Indicators

	DISK	SHOC	Difference
Max Drawdown Largest peak-to-trough decline	-32.90%	-37.54%	+4.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-37.54%	—
Current Drawdown Current decline from peak	-32.90%	-15.95%	-16.95%
Average Drawdown Average peak-to-trough decline	-21.04%	-7.52%	-13.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.39%	—

Volatility

Volatility by Period

	DISK	SHOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	110.87%	38.74%	+72.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.87%	36.56%	+74.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.87%	36.56%	+74.31%

DISK vs. SHOC - Expense Ratio Comparison

DISK has a 0.75% expense ratio, which is higher than SHOC's 0.40% expense ratio.

Dividends

DISK vs. SHOC - Dividend Comparison

DISK has not paid dividends to shareholders, while SHOC's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025	2024	2023	2022
DISK Tema Memory ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SHOC Strive U.S. Semiconductor ETF	0.13%	0.23%	0.35%	0.65%	0.24%

Frequently Asked Questions

Can I hold both DISK and SHOC in my portfolio?

With a correlation of 0.92, DISK and SHOC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DISK or SHOC?

On fees, SHOC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DISK or SHOC?

SHOC is cheaper with a 0.40% expense ratio, compared with 0.75% for DISK.

Which ETF pays a higher dividend yield, DISK or SHOC?

SHOC has the higher dividend yield at 0.13%, compared with 0.00% for DISK.

What is the main difference between DISK and SHOC?

They also come from different issuers: Tema and Strive. Their fees differ too: 0.75% for DISK and 0.40% for SHOC.