RSHO vs. CTEF

Last updated Jun 26, 2026

RSHO (Tema American Reshoring ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, RSHO returned 61.78% vs 80.41% for CTEF. A 0.72 correlation means they provide meaningful diversification when combined. RSHO charges 0.75%/yr vs 0.45%/yr for CTEF.

Performance

RSHO vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RSHO having a 39.40% return and CTEF slightly lower at 38.70%.

RSHO

• 1D: 0.00%
• 1M: 5.76%
• YTD: 39.40%
• 6M: 36.26%
• 1Y: 61.78%
• 3Y*: 30.96%
• 5Y*: —
• 10Y*: —

CTEF

• 1D: 1.36%
• 1M: 9.58%
• YTD: 38.70%
• 6M: 35.24%
• 1Y: 80.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSHO vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
RSHO Tema American Reshoring ETF	39.40%	18.18%
CTEF Castellan Targeted Equity ETF	38.70%	33.10%

Correlation

The correlation between RSHO and CTEF is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.72

The correlation between RSHO and CTEF has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.

Return for Risk

RSHO vs. CTEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSHO

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

CTEF

CTEF Risk / Return Rank: 94
CTEF Sharpe Ratio Rank: 96
CTEF Sortino Ratio Rank: 95
CTEF Omega Ratio Rank: 93
CTEF Calmar Ratio Rank: 92
CTEF Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSHO vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and Castellan Targeted Equity ETF (CTEF). 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.

	RSHO	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	2.62	3.58	-0.96
Sortino ratio: Return per unit of downside risk	3.41	4.46	-1.04
Omega ratio: Gain probability vs. loss probability	1.43	1.57	-0.14
Calmar ratio: Return relative to maximum drawdown	4.45	5.39	-0.94
Martin ratio: Return relative to average drawdown	16.97	24.89	-7.92

RSHO vs. CTEF - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.62, which is comparable to the CTEF Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of RSHO and CTEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSHO vs. CTEF - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for RSHO and CTEF.

Drawdown Indicators

	RSHO	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-15.00%	-12.31%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-15.00%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	—	—
Current Drawdown Current decline from peak	0.00%	-1.19%	+1.19%
Average Drawdown Average peak-to-trough decline	-4.27%	-1.75%	-2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	3.24%	+0.59%

Volatility

RSHO vs. CTEF - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.26% compared to Castellan Targeted Equity ETF (CTEF) at 8.06%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than CTEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	8.06%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	20.99%	18.95%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	24.93%	22.60%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	22.50%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	22.50%	+0.32%

RSHO vs. CTEF - Expense Ratio Comparison

RSHO has a 0.75% expense ratio, which is higher than CTEF's 0.45% expense ratio.

Dividends

RSHO vs. CTEF - Dividend Comparison

RSHO has not paid dividends to shareholders, while CTEF's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023
CTEF Castellan Targeted Equity ETF	0.05%	0.08%	0.00%	0.00%
RSHO Tema American Reshoring ETF	0.21%	0.30%	0.26%	0.25%

Frequently Asked Questions

Can I hold both RSHO and CTEF in my portfolio?

RSHO and CTEF have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSHO or CTEF?

RSHO has higher volatility (9.26%) compared to CTEF (8.06%). In terms of maximum drawdown, RSHO dropped -27.31% vs CTEF's -15.00%.

Which ETF is better, RSHO or CTEF?

On 1-year performance, CTEF leads with 80.41% vs 61.78% for RSHO. On fees, CTEF is cheaper at 0.45% per year. On volatility, CTEF has been the lower-risk option at 8.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSHO or CTEF?

Over the 1-year period, CTEF has performed better with a 80.41% return vs 61.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or CTEF?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.75% for RSHO.

Which ETF pays a higher dividend yield, RSHO or CTEF?

RSHO has the higher dividend yield at 0.21%, compared with 0.05% for CTEF.

What is the main difference between RSHO and CTEF?

They also come from different issuers: Tema and Castellan. Their fees differ too: 0.75% for RSHO and 0.45% for CTEF.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (3.58 vs 2.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.