RSHO vs. AIRR
Compare and contrast key facts about Tema American Reshoring ETF (RSHO) and First Trust RBA American Industrial Renaissance ETF (AIRR).
RSHO and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSHO is an actively managed fund by Tema. It was launched on May 10, 2023. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSHO or AIRR.
Key characteristics
| RSHO | AIRR | |
|---|---|---|
| YTD Return | 15.08% | 25.63% |
| 1Y Return | 30.14% | 37.39% |
| Sharpe Ratio | 1.56 | 1.54 |
| Daily Std Dev | 19.39% | 24.20% |
| Max Drawdown | -13.22% | -42.37% |
| Current Drawdown | -1.93% | -2.77% |
Correlation
The correlation between RSHO and AIRR is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RSHO vs. AIRR - Performance Comparison
In the year-to-date period, RSHO achieves a 15.08% return, which is significantly lower than AIRR's 25.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RSHO vs. AIRR - Expense Ratio Comparison
RSHO has a 0.75% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
RSHO vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
Dividends
RSHO vs. AIRR - Dividend Comparison
RSHO's dividend yield for the trailing twelve months is around 0.22%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RSHO Tema American Reshoring ETF | 0.22% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% |
Drawdowns
RSHO vs. AIRR - Drawdown Comparison
The maximum RSHO drawdown since its inception was -13.22%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for RSHO and AIRR. For additional features, visit the drawdowns tool.
Volatility
RSHO vs. AIRR - Volatility Comparison
The current volatility for Tema American Reshoring ETF (RSHO) is 6.12%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.40%. This indicates that RSHO experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.