IXG vs. AAUM
IXG (iShares Global Financials ETF) and AAUM (Tema Alternative Asset Managers ETF) are both Financials Equities funds. IXG is passively managed, while AAUM is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. IXG charges 0.46%/yr vs 0.75%/yr for AAUM.
Performance
IXG vs. AAUM - Performance Comparison
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Returns By Period
In the year-to-date period, IXG achieves a 5.10% return, which is significantly higher than AAUM's -19.17% return.
IXG
- 1D
- -0.32%
- 1M
- 3.89%
- YTD
- 5.10%
- 6M
- 4.08%
- 1Y
- 19.12%
- 3Y*
- 24.83%
- 5Y*
- 13.10%
- 10Y*
- 13.25%
AAUM
- 1D
- -2.64%
- 1M
- -6.19%
- YTD
- -19.17%
- 6M
- -19.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXG vs. AAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXG iShares Global Financials ETF | 5.10% | 4.45% |
AAUM Tema Alternative Asset Managers ETF | -19.17% | 0.10% |
Correlation
The correlation between IXG and AAUM is 0.71, 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 Oct 1, 2025 | 0.71 |
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Return for Risk
IXG vs. AAUM — Risk / Return Rank
IXG
AAUM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXG vs. AAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) and Tema Alternative Asset Managers ETF (AAUM). 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.
| IXG | AAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | — | — |
| Martin ratioReturn relative to average drawdown | 5.98 | — | — |
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Drawdowns
IXG vs. AAUM - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, which is greater than AAUM's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for IXG and AAUM.
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Drawdown Indicators
| IXG | AAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -28.24% | -50.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -23.62% | +23.09% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -12.55% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | — | — |
Volatility
IXG vs. AAUM - Volatility Comparison
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Volatility by Period
| IXG | AAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 27.78% | -13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 27.78% | -10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 27.78% | -7.84% |
IXG vs. AAUM - Expense Ratio Comparison
IXG has a 0.46% expense ratio, which is lower than AAUM's 0.75% expense ratio.
Dividends
IXG vs. AAUM - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.26%, more than AAUM's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAUM Tema Alternative Asset Managers ETF | 0.93% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXG iShares Global Financials ETF | 2.26% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
Frequently Asked Questions
IXG and AAUM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXG is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXG is cheaper with a 0.46% expense ratio, compared with 0.75% for AAUM.
IXG has the higher dividend yield at 2.26%, compared with 0.93% for AAUM.
They also come from different issuers: iShares and Tema ETFs. Their fees differ too: 0.46% for IXG and 0.75% for AAUM.
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