IVSS vs. RSHO
IVSS (Applied Finance IVS US SMID ETF) and RSHO (Tema American Reshoring ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. IVSS charges 0.59%/yr vs 0.75%/yr for RSHO.
Performance
IVSS vs. RSHO - Performance Comparison
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Returns By Period
In the year-to-date period, IVSS achieves a 15.51% return, which is significantly lower than RSHO's 39.40% return.
IVSS
- 1D
- 0.04%
- 1M
- 4.21%
- YTD
- 15.51%
- 6M
- 13.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSHO
- 1D
- 0.00%
- 1M
- 9.15%
- YTD
- 39.40%
- 6M
- 36.53%
- 1Y
- 62.97%
- 3Y*
- 30.96%
- 5Y*
- —
- 10Y*
- —
IVSS vs. RSHO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVSS Applied Finance IVS US SMID ETF | 15.51% | 0.05% |
RSHO Tema American Reshoring ETF | 39.40% | 0.12% |
Correlation
The correlation between IVSS and RSHO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.69 |
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Return for Risk
IVSS vs. RSHO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS US SMID ETF (IVSS) and Tema American Reshoring ETF (RSHO). 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.
| IVSS | RSHO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.45 | — |
| Martin ratioReturn relative to average drawdown | — | 16.97 | — |
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Drawdowns
IVSS vs. RSHO - Drawdown Comparison
The maximum IVSS drawdown since its inception was -8.31%, smaller than the maximum RSHO drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for IVSS and RSHO.
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Drawdown Indicators
| IVSS | RSHO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -27.31% | +19.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.31% | — |
Current DrawdownCurrent decline from peak | -0.21% | 0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -4.27% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.83% | — |
Volatility
IVSS vs. RSHO - Volatility Comparison
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Volatility by Period
| IVSS | RSHO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 24.93% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 22.82% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 22.82% | -7.69% |
IVSS vs. RSHO - Expense Ratio Comparison
IVSS has a 0.59% expense ratio, which is lower than RSHO's 0.75% expense ratio.
Dividends
IVSS vs. RSHO - Dividend Comparison
IVSS's dividend yield for the trailing twelve months is around 0.06%, while RSHO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IVSS Applied Finance IVS US SMID ETF | 0.06% | 0.07% | 0.00% | 0.00% |
RSHO Tema American Reshoring ETF | 0.21% | 0.30% | 0.26% | 0.25% |
Frequently Asked Questions
IVSS and RSHO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVSS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVSS is cheaper with a 0.59% expense ratio, compared with 0.75% for RSHO.
RSHO has the higher dividend yield at 0.21%, compared with 0.06% for IVSS.
They also come from different issuers: Applied Finance and Tema. Their fees differ too: 0.59% for IVSS and 0.75% for RSHO.
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