RSHO vs. SOVF

Last updated Jun 4, 2026

RSHO (Tema American Reshoring ETF) and SOVF (Sovereign's Capital Flourish Fund) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, RSHO returned 57.71% vs -4.19% for SOVF. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

RSHO vs. SOVF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and Sovereign's Capital Flourish Fund (SOVF). 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 SOVF's -2.81% return.

RSHO

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

SOVF

• 1D: -1.72%
• 1M: -1.84%
• YTD: -2.81%
• 6M: -0.11%
• 1Y: -4.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSHO vs. SOVF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	33.69%	19.23%	17.28%	17.87%
SOVF Sovereign's Capital Flourish Fund	-2.81%	-4.38%	8.67%	16.18%

Correlation

The correlation between RSHO and SOVF is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023	0.71

The correlation between RSHO and SOVF shifts across timeframes, from 0.52 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

RSHO vs. SOVF - Sectors Allocation Comparison

Sectors	RSHO	SOVF
Industrials	73.1%	14.3%
Technology	11.4%	31.6%
Basic Materials	8.5%	-
Consumer Cyclical	3.7%	8.4%
Energy	1.0%	2.1%
Financial Services	0.9%	16.1%
Communication Services	-	0.3%
Consumer Defensive	-	8.6%
Healthcare	-	9.6%
Real Estate	-	3.7%
Utilities	-	5.2%

Return for Risk

RSHO vs. SOVF — 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

SOVF

SOVF Risk / Return Rank: 6
SOVF Sharpe Ratio Rank: 6
SOVF Sortino Ratio Rank: 6
SOVF Omega Ratio Rank: 6
SOVF Calmar Ratio Rank: 6
SOVF Martin Ratio Rank: 6

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. SOVF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and Sovereign's Capital Flourish Fund (SOVF). 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	SOVF	Difference
Sharpe ratio: Return per unit of total volatility	2.44	-0.29	+2.73
Sortino ratio: Return per unit of downside risk	3.28	-0.30	+3.58
Omega ratio: Gain probability vs. loss probability	1.40	0.97	+0.44
Calmar ratio: Return relative to maximum drawdown	3.96	-0.29	+4.25
Martin ratio: Return relative to average drawdown	15.16	-0.62	+15.78
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. SOVF - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.44, which is higher than the SOVF Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of RSHO and SOVF, 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	SOVF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	-0.29	+2.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.36	+1.12

Drawdowns

RSHO vs. SOVF - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, which is greater than SOVF's maximum drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for RSHO and SOVF.

Drawdown Indicators

	RSHO	SOVF	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-21.74%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-14.46%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	—	—
Current Drawdown Current decline from peak	0.00%	-14.49%	+14.49%
Average Drawdown Average peak-to-trough decline	-4.32%	-7.28%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	6.79%	-2.97%

Volatility

RSHO vs. SOVF - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.22% compared to Sovereign's Capital Flourish Fund (SOVF) at 3.81%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than SOVF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	SOVF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	3.81%	+5.41%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	10.14%	+9.95%
Volatility (1Y) Calculated over the trailing 1-year period	23.74%	14.76%	+8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	17.25%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	17.25%	+5.30%

RSHO vs. SOVF - Expense Ratio Comparison

Both RSHO and SOVF have an expense ratio of 0.75%.

Dividends

RSHO vs. SOVF - Dividend Comparison

RSHO's dividend yield for the trailing twelve months is around 0.22%, less than SOVF's 0.80% yield.

Position	TTM	2025	2024	2023
RSHO Tema American Reshoring ETF	0.22%	0.30%	0.26%	0.25%
SOVF Sovereign's Capital Flourish Fund	0.80%	0.77%	0.30%	0.18%

Frequently Asked Questions

Can I hold both RSHO and SOVF in my portfolio?

RSHO and SOVF have a correlation of 0.52, 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 SOVF?

RSHO has higher volatility (9.22%) compared to SOVF (3.81%). In terms of maximum drawdown, RSHO dropped -27.31% vs SOVF's -21.74%.

Which ETF is better, RSHO or SOVF?

On 1-year performance, RSHO leads with 57.71% vs -4.19% for SOVF. Both ETFs have the same 0.75% expense ratio. On volatility, SOVF has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSHO or SOVF?

Over the 1-year period, RSHO has performed better with a 57.71% return vs -4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or SOVF?

RSHO and SOVF have the same expense ratio: 0.75% per year.

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

SOVF has the higher dividend yield at 0.80%, compared with 0.22% for RSHO.

What is the main difference between RSHO and SOVF?

They also come from different issuers: Tema and Sovereign's.

Which has better risk-adjusted returns?

RSHO currently has the higher Sharpe Ratio (2.44 vs -0.29), 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.