NASA vs. DUTY

Last updated Jul 18, 2026

NASA (Tema Space Innovators ETF) and DUTY (U.S. Defense ETF) are both Aerospace & Defense funds. NASA is actively managed, while DUTY is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. NASA charges 0.75%/yr vs 0.45%/yr for DUTY.

Performance

NASA vs. DUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and U.S. Defense ETF (DUTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: -0.99%
• 1M: -27.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUTY

• 1D: 0.06%
• 1M: 0.05%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASA vs. DUTY - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-16.40%
DUTY U.S. Defense ETF	2.19%

Correlation

The correlation between NASA and DUTY is 0.60, 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 Apr 8, 2026	0.60

Return for Risk

NASA vs. DUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) and U.S. Defense ETF (DUTY). 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.

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

Drawdowns

NASA vs. DUTY - Drawdown Comparison

The maximum NASA drawdown since its inception was -45.12%, which is greater than DUTY's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for NASA and DUTY.

Drawdown Indicators

	NASA	DUTY	Difference
Max Drawdown Largest peak-to-trough decline	-45.12%	-13.42%	-31.70%
Current Drawdown Current decline from peak	-45.12%	-7.34%	-37.78%
Average Drawdown Average peak-to-trough decline	-14.01%	-4.69%	-9.32%

Volatility

Volatility by Period

	NASA	DUTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	66.63%	26.91%	+39.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.63%	26.91%	+39.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.63%	26.91%	+39.72%

NASA vs. DUTY - Expense Ratio Comparison

NASA has a 0.75% expense ratio, which is higher than DUTY's 0.45% expense ratio.

Dividends

NASA vs. DUTY - Dividend Comparison

Neither NASA nor DUTY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NASA and DUTY in my portfolio?

NASA and DUTY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA or DUTY?

On fees, DUTY is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NASA or DUTY?

DUTY is cheaper with a 0.45% expense ratio, compared with 0.75% for NASA.

Which ETF pays a higher dividend yield, NASA or DUTY?

NASA and DUTY have nearly identical dividend yields, around 0.00%.

What is the main difference between NASA and DUTY?

They also come from different issuers: Tema and Aura. Their fees differ too: 0.75% for NASA and 0.45% for DUTY.