NASA vs. XOVR

Last updated Aug 1, 2026

NASA (Tema Space Innovators ETF) and XOVR (ERShares Private-Public Crossover ETF) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while XOVR is a Large Cap Growth Equities fund actively managed by ERShares. Both are actively managed. Their 0.59 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

NASA vs. XOVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and ERShares Private-Public Crossover ETF (XOVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: 0.09%
• 1M: -25.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XOVR

• 1D: -0.64%
• 1M: -11.43%
• 6M: 0.00%
• YTD: -7.65%
• 1Y: -4.17%
• 3Y*: 13.50%
• 5Y*: 3.14%
• 10Y*: —
• ALL TIME*: 9.35%

*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)
NASA Tema Space Innovators ETF	$29.19M	$44.00M	$218.58M
XOVR ERShares Private-Public Crossover ETF	$31.56M	$37.54M	$108.44M

NASA vs. XOVR - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	-10.29%
XOVR ERShares Private-Public Crossover ETF	13.21%

Correlation

The correlation between NASA and XOVR is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.59

Return for Risk

NASA vs. XOVR — Risk / Return Rank

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

NASA

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

XOVR

XOVR Risk / Return Rank: 8
XOVR Sharpe Ratio Rank: 8
XOVR Sortino Ratio Rank: 7
XOVR Omega Ratio Rank: 8
XOVR Calmar Ratio Rank: 8
XOVR Martin Ratio Rank: 8

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.

NASA vs. XOVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) and ERShares Private-Public Crossover ETF (XOVR). 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.

	NASA	XOVR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.23	—
Sortino ratio: Return per unit of downside risk	—	-0.16	—
Omega ratio: Gain probability vs. loss probability	—	0.98	—
Calmar ratio: Return relative to maximum drawdown	—	-0.22	—
Martin ratio: Return relative to average drawdown	—	-0.47	—

Drawdowns

NASA vs. XOVR - Drawdown Comparison

The maximum NASA drawdown since its inception was -50.97%, smaller than the maximum XOVR drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for NASA and XOVR.

Drawdown Indicators

	NASA	XOVR	Difference
Max Drawdown Largest peak-to-trough decline	-50.97%	-56.28%	+5.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.35%	—
Current Drawdown Current decline from peak	-48.39%	-14.33%	-34.06%
Average Drawdown Average peak-to-trough decline	-17.87%	-18.22%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.50%	—

Volatility

Volatility by Period

	NASA	XOVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.62%	23.40%	+42.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.62%	26.63%	+38.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.62%	27.01%	+38.61%

NASA vs. XOVR - Expense Ratio Comparison

Both NASA and XOVR have an expense ratio of 0.75%.

Dividends

NASA vs. XOVR - Dividend Comparison

Neither NASA nor XOVR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NASA Tema Space Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both NASA and XOVR in my portfolio?

NASA and XOVR have a correlation of 0.59, 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 XOVR?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NASA or XOVR?

NASA and XOVR have the same expense ratio: 0.75% per year.

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

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

What is the main difference between NASA and XOVR?

NASA is categorized as Aerospace & Defense, while XOVR is Large Cap Growth Equities. They also come from different issuers: Tema and ERShares.