IMFL vs. VOLT

Last updated Aug 2, 2026

IMFL (Invesco International Developed Dynamic Multifactor ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. IMFL is passively managed, while VOLT is actively managed. Over the past year, IMFL returned 31.79% vs 38.01% for VOLT. Their 0.56 correlation means they have sometimes moved together and sometimes differently. IMFL charges 0.34%/yr vs 0.75%/yr for VOLT.

Performance

IMFL vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Developed Dynamic Multifactor ETF (IMFL) 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, IMFL achieves a 16.64% return, which is significantly lower than VOLT's 28.30% return.

IMFL

• 1D: -0.84%
• 1M: 0.47%
• 6M: 8.85%
• YTD: 16.64%
• 1Y: 31.79%
• 3Y*: 15.43%
• 5Y*: 9.05%
• 10Y*: —
• ALL TIME*: 9.47%

VOLT

• 1D: 1.62%
• 1M: -5.26%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 38.01%
• 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)
IMFL Invesco International Developed Dynamic Multifactor ETF	$3.20M	$3.16M	$2.56M
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

IMFL vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IMFL Invesco International Developed Dynamic Multifactor ETF	16.64%	30.89%	-4.60%
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%

Correlation

The correlation between IMFL and VOLT is 0.58, 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.	0.58
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.56

The correlation between IMFL and VOLT has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

IMFL vs. VOLT - Sectors Allocation Comparison

Sectors	IMFL	VOLT
Industrials	1.8%	50.4%
Financial Services	1.2%	0.5%
Healthcare	1.1%	-
Consumer Cyclical	0.8%	2.6%
Consumer Defensive	0.7%	-
Energy	0.5%	4.7%
Basic Materials	0.3%	1.4%
Utilities	0.3%	28.2%
Communication Services	0.2%	-
Technology	0.1%	14.1%
Real Estate	0.0%	-

Return for Risk

IMFL vs. VOLT — Risk / Return Rank

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

IMFL

IMFL Risk / Return Rank: 77
IMFL Sharpe Ratio Rank: 80
IMFL Sortino Ratio Rank: 77
IMFL Omega Ratio Rank: 78
IMFL Calmar Ratio Rank: 75
IMFL Martin Ratio Rank: 73

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.

IMFL vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Developed Dynamic Multifactor ETF (IMFL) 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.

	IMFL	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.50	+0.33
Sortino ratio: Return per unit of downside risk	2.49	2.04	+0.44
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.64	2.14	+0.51
Martin ratio: Return relative to average drawdown	9.10	8.15	+0.95

IMFL vs. VOLT - Sharpe Ratio Comparison

The current IMFL Sharpe Ratio is 1.84, which is comparable to the VOLT Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IMFL 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

IMFL vs. VOLT - Drawdown Comparison

The maximum IMFL drawdown since its inception was -33.26%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for IMFL and VOLT.

Drawdown Indicators

	IMFL	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-23.40%	-9.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-17.22%	+5.45%
Max Drawdown (3Y) Largest decline over 3 years	-13.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.26%	—	—
Current Drawdown Current decline from peak	-1.54%	-11.75%	+10.21%
Average Drawdown Average peak-to-trough decline	-7.09%	-5.34%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	4.50%	-1.09%

Volatility

IMFL vs. VOLT - Volatility Comparison

The current volatility for Invesco International Developed Dynamic Multifactor ETF (IMFL) is 4.40%, while Tema Electrification ETF (VOLT) has a volatility of 9.95%. This indicates that IMFL experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMFL	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	9.95%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	14.68%	21.11%	-6.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.97%	24.43%	-7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	25.46%	-9.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	25.46%	-9.35%

IMFL vs. VOLT - Expense Ratio Comparison

IMFL has a 0.34% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

IMFL vs. VOLT - Dividend Comparison

IMFL's dividend yield for the trailing twelve months is around 2.90%, more than VOLT's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021
IMFL Invesco International Developed Dynamic Multifactor ETF	2.90%	2.88%	3.56%	3.85%	3.35%	3.94%
VOLT Tema Electrification ETF	0.36%	0.46%	0.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IMFL and VOLT in my portfolio?

IMFL and VOLT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMFL or VOLT?

VOLT has higher volatility (9.95%) compared to IMFL (4.40%). In terms of maximum drawdown, IMFL dropped -33.26% vs VOLT's -23.40%.

Which ETF is better, IMFL or VOLT?

On 1-year performance, VOLT leads with 38.01% vs 31.79% for IMFL. On fees, IMFL is cheaper at 0.34% per year. On volatility, IMFL has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMFL or VOLT?

Over the 1-year period, VOLT has performed better with a 38.01% return vs 31.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMFL or VOLT?

IMFL is cheaper with a 0.34% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, IMFL or VOLT?

IMFL has the higher dividend yield at 2.90%, compared with 0.36% for VOLT.

What is the main difference between IMFL and VOLT?

They also come from different issuers: Invesco and Tema. Their fees differ too: 0.34% for IMFL and 0.75% for VOLT.

Which has better risk-adjusted returns?

IMFL currently has the higher Sharpe Ratio (1.84 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.