RSHO vs. RYJ

Last updated Jun 4, 2026

RSHO (Tema American Reshoring ETF) and RYJ (Invesco Raymond James SB-1 Equity ETF) are both Mid Cap Blend Equities funds. RSHO is actively managed, while RYJ is passively managed. Over the past 3 years, RSHO returned 31.02%/yr vs 15.43%/yr for RYJ. A 0.77 correlation means they provide meaningful diversification when combined. RSHO charges 0.75%/yr vs 0.40%/yr for RYJ.

Performance

RSHO vs. RYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and Invesco Raymond James SB-1 Equity ETF (RYJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSHO achieves a 33.69% return, which is significantly higher than RYJ's 10.96% return.

RSHO

• 1D: 0.12%
• 1M: 7.69%
• YTD: 33.69%
• 6M: 33.85%
• 1Y: 57.71%
• 3Y*: 31.02%
• 5Y*: —
• 10Y*: —

RYJ

• 1D: -0.23%
• 1M: 7.67%
• YTD: 10.96%
• 6M: 11.41%
• 1Y: 17.80%
• 3Y*: 15.43%
• 5Y*: 7.15%
• 10Y*: 10.35%

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

RSHO vs. RYJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	33.69%	19.23%	17.28%	28.26%
RYJ Invesco Raymond James SB-1 Equity ETF	10.96%	8.89%	13.28%	17.04%

Correlation

The correlation between RSHO and RYJ 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 (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.77

The correlation between RSHO and RYJ has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

RSHO vs. RYJ - Sectors Allocation Comparison

Sectors	RSHO	RYJ
Industrials	73.1%	20.7%
Technology	11.4%	9.8%
Basic Materials	8.5%	4.0%
Consumer Cyclical	3.7%	12.2%
Energy	1.0%	4.1%
Financial Services	0.9%	-
Communication Services	-	7.7%
Consumer Defensive	-	23.3%
Healthcare	-	5.8%
Real Estate	-	-
Utilities	-	12.5%

Return for Risk

RSHO vs. RYJ — Risk / Return Rank

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

RSHO

RSHO Risk / Return Rank: 73
RSHO Sharpe Ratio Rank: 74
RSHO Sortino Ratio Rank: 72
RSHO Omega Ratio Rank: 66
RSHO Calmar Ratio Rank: 77
RSHO Martin Ratio Rank: 78

RYJ

RYJ Risk / Return Rank: 37
RYJ Sharpe Ratio Rank: 37
RYJ Sortino Ratio Rank: 39
RYJ Omega Ratio Rank: 34
RYJ Calmar Ratio Rank: 36
RYJ Martin Ratio Rank: 39

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. RYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and Invesco Raymond James SB-1 Equity ETF (RYJ). 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.

	RSHO	RYJ	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.31	+1.13
Sortino ratio: Return per unit of downside risk	3.28	2.01	+1.27
Omega ratio: Gain probability vs. loss probability	1.40	1.23	+0.18
Calmar ratio: Return relative to maximum drawdown	3.96	1.79	+2.18
Martin ratio: Return relative to average drawdown	15.16	6.12	+9.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSHO vs. RYJ - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.44, which is higher than the RYJ Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of RSHO and RYJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RSHO	RYJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.31	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.34	+1.13

Drawdowns

RSHO vs. RYJ - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, smaller than the maximum RYJ drawdown of -60.74%. Use the drawdown chart below to compare losses from any high point for RSHO and RYJ.

Drawdown Indicators

	RSHO	RYJ	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-60.74%	+33.43%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-10.01%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-16.90%	-10.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.20%	—
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-4.32%	-10.27%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	2.92%	+0.90%

Volatility

RSHO vs. RYJ - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.22% compared to Invesco Raymond James SB-1 Equity ETF (RYJ) at 4.27%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than RYJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	RYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	4.27%	+4.95%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	9.96%	+10.13%
Volatility (1Y) Calculated over the trailing 1-year period	23.74%	13.62%	+10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	18.65%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	21.64%	+0.91%

RSHO vs. RYJ - Expense Ratio Comparison

RSHO has a 0.75% expense ratio, which is higher than RYJ's 0.40% expense ratio.

Dividends

RSHO vs. RYJ - Dividend Comparison

RSHO's dividend yield for the trailing twelve months is around 0.22%, less than RYJ's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSHO Tema American Reshoring ETF	0.22%	0.30%	0.26%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RYJ Invesco Raymond James SB-1 Equity ETF	1.57%	1.75%	1.28%	1.39%	0.72%	0.52%	0.28%	0.20%	1.43%	0.00%	1.55%	0.93%

Frequently Asked Questions

Can I hold both RSHO and RYJ in my portfolio?

RSHO and RYJ 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 RYJ?

RSHO has higher volatility (9.22%) compared to RYJ (4.27%). In terms of maximum drawdown, RSHO dropped -27.31% vs RYJ's -60.74%.

Which ETF is better, RSHO or RYJ?

On 3-year performance, RSHO leads with 31.02% vs 15.43% for RYJ. On fees, RYJ is cheaper at 0.40% per year. On volatility, RYJ has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSHO or RYJ?

Over the 3-year period, RSHO has performed better with a 31.02% return vs 15.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or RYJ?

RYJ is cheaper with a 0.40% expense ratio, compared with 0.75% for RSHO.

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

RYJ has the higher dividend yield at 1.57%, compared with 0.22% for RSHO.

What is the main difference between RSHO and RYJ?

They also come from different issuers: Tema and Invesco. Their fees differ too: 0.75% for RSHO and 0.40% for RYJ.

Which has better risk-adjusted returns?

RSHO currently has the higher Sharpe Ratio (2.44 vs 1.31), 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.