RSHO vs. RFV

Last updated Jun 23, 2026

RSHO (Tema American Reshoring ETF) and RFV (Invesco S&P MidCap 400® Pure Value ETF) are both exchange-traded funds - RSHO is a Mid Cap Blend Equities fund actively managed by Tema, while RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value. RSHO is actively managed, while RFV is passively managed. Over the past 3 years, RSHO returned 30.96%/yr vs 15.14%/yr for RFV. A 0.79 correlation means they provide meaningful diversification when combined. RSHO charges 0.75%/yr vs 0.35%/yr for RFV.

Performance

RSHO vs. RFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and Invesco S&P MidCap 400® Pure Value ETF (RFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSHO achieves a 39.40% return, which is significantly higher than RFV's 12.44% return.

RSHO

• 1D: 0.00%
• 1M: 9.15%
• YTD: 39.40%
• 6M: 36.75%
• 1Y: 64.83%
• 3Y*: 30.96%
• 5Y*: —
• 10Y*: —

RFV

• 1D: 0.15%
• 1M: 3.08%
• YTD: 12.44%
• 6M: 10.55%
• 1Y: 22.29%
• 3Y*: 15.14%
• 5Y*: 11.17%
• 10Y*: 12.75%

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

RSHO vs. RFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	39.40%	19.23%	17.28%	28.90%
RFV Invesco S&P MidCap 400® Pure Value ETF	12.44%	7.66%	5.63%	27.78%

Correlation

The correlation between RSHO and RFV is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.79

The correlation between RSHO and RFV has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

RSHO vs. RFV - Sectors Allocation Comparison

Sectors	RSHO	RFV
Industrials	74.2%	11.7%
Technology	11.8%	14.2%
Basic Materials	8.1%	7.6%
Consumer Cyclical	3.7%	25.5%
Energy	0.9%	12.1%
Financial Services	0.8%	17.4%
Communication Services	-	-
Consumer Defensive	-	7.4%
Healthcare	-	0.6%
Real Estate	-	3.5%
Utilities	-	-

Return for Risk

RSHO vs. RFV — Risk / Return Rank

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

RSHO

RSHO Risk / Return Rank: 82
RSHO Sharpe Ratio Rank: 85
RSHO Sortino Ratio Rank: 81
RSHO Omega Ratio Rank: 76
RSHO Calmar Ratio Rank: 85
RSHO Martin Ratio Rank: 85

RFV

RFV Risk / Return Rank: 36
RFV Sharpe Ratio Rank: 36
RFV Sortino Ratio Rank: 38
RFV Omega Ratio Rank: 34
RFV Calmar Ratio Rank: 37
RFV Martin Ratio Rank: 36

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. RFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and Invesco S&P MidCap 400® Pure Value ETF (RFV). 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	RFV	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.24	+1.38
Sortino ratio: Return per unit of downside risk	3.41	1.92	+1.50
Omega ratio: Gain probability vs. loss probability	1.43	1.22	+0.21
Calmar ratio: Return relative to maximum drawdown	4.45	1.79	+2.66
Martin ratio: Return relative to average drawdown	16.97	5.27	+11.70

RSHO vs. RFV - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.62, which is higher than the RFV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of RSHO and RFV, 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. RFV - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, smaller than the maximum RFV drawdown of -71.82%. Use the drawdown chart below to compare losses from any high point for RSHO and RFV.

Drawdown Indicators

	RSHO	RFV	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-71.82%	+44.51%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-12.51%	-2.13%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-24.65%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.24%	—
Current Drawdown Current decline from peak	0.00%	-2.61%	+2.61%
Average Drawdown Average peak-to-trough decline	-4.27%	-9.77%	+5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	4.24%	-0.41%

Volatility

RSHO vs. RFV - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.26% compared to Invesco S&P MidCap 400® Pure Value ETF (RFV) at 4.26%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than RFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	RFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	4.26%	+5.00%
Volatility (6M) Calculated over the trailing 6-month period	20.99%	11.90%	+9.09%
Volatility (1Y) Calculated over the trailing 1-year period	24.93%	18.05%	+6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	21.98%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	24.99%	-2.17%

RSHO vs. RFV - Expense Ratio Comparison

RSHO has a 0.75% expense ratio, which is higher than RFV's 0.35% expense ratio.

Dividends

RSHO vs. RFV - Dividend Comparison

RSHO's dividend yield for the trailing twelve months is around 0.21%, less than RFV's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFV Invesco S&P MidCap 400® Pure Value ETF	2.24%	2.07%	1.31%	1.27%	2.05%	1.60%	1.52%	1.71%	1.39%	1.36%	0.88%	1.79%
RSHO Tema American Reshoring ETF	0.21%	0.30%	0.26%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSHO and RFV in my portfolio?

RSHO and RFV have a correlation of 0.70, 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 RFV?

RSHO has higher volatility (9.26%) compared to RFV (4.26%). In terms of maximum drawdown, RSHO dropped -27.31% vs RFV's -71.82%.

Which ETF is better, RSHO or RFV?

On 3-year performance, RSHO leads with 30.96% vs 15.14% for RFV. On fees, RFV is cheaper at 0.35% per year. On volatility, RFV has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSHO or RFV?

Over the 3-year period, RSHO has performed better with a 30.96% return vs 15.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or RFV?

RFV is cheaper with a 0.35% expense ratio, compared with 0.75% for RSHO.

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

RFV has the higher dividend yield at 2.24%, compared with 0.21% for RSHO.

What is the main difference between RSHO and RFV?

RSHO is categorized as Mid Cap Blend Equities, while RFV is Small Cap Value Equities. They also come from different issuers: Tema and Invesco. Their fees differ too: 0.75% for RSHO and 0.35% for RFV.

Which has better risk-adjusted returns?

RSHO currently has the higher Sharpe Ratio (2.62 vs 1.24), 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.