RSHO vs. VFMO

Last updated Jun 26, 2026

RSHO (Tema American Reshoring ETF) and VFMO (Vanguard U.S. Momentum Factor ETF) are both exchange-traded funds - RSHO is a Mid Cap Blend Equities fund actively managed by Tema, while VFMO is a Momentum fund actively managed by Vanguard. Both are actively managed. Over the past 3 years, RSHO returned 30.96%/yr vs 28.85%/yr for VFMO. Their correlation of 0.83 suggests significant overlap in exposure. RSHO charges 0.75%/yr vs 0.13%/yr for VFMO.

Performance

RSHO vs. VFMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) and Vanguard U.S. Momentum Factor ETF (VFMO). 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 VFMO's 28.14% return.

RSHO

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

VFMO

• 1D: 2.05%
• 1M: 4.29%
• YTD: 28.14%
• 6M: 24.50%
• 1Y: 46.44%
• 3Y*: 28.85%
• 5Y*: 14.38%
• 10Y*: —

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

RSHO vs. VFMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	39.40%	19.23%	17.28%	28.90%
VFMO Vanguard U.S. Momentum Factor ETF	28.14%	17.39%	26.14%	18.20%

Correlation

The correlation between RSHO and VFMO is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.83

The correlation between RSHO and VFMO has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

RSHO vs. VFMO - Sectors Allocation Comparison

Sectors	RSHO	VFMO
Industrials	74.2%	24.7%
Technology	11.8%	17.5%
Basic Materials	8.1%	6.4%
Consumer Cyclical	3.7%	8.7%
Energy	0.9%	7.3%
Financial Services	0.8%	6.5%
Communication Services	-	3.4%
Consumer Defensive	-	2.5%
Healthcare	-	22.9%
Real Estate	-	0.1%
Utilities	-	0.2%

Return for Risk

RSHO vs. VFMO — 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.

VFMO

VFMO Risk / Return Rank: 77
VFMO Sharpe Ratio Rank: 76
VFMO Sortino Ratio Rank: 68
VFMO Omega Ratio Rank: 69
VFMO Calmar Ratio Rank: 86
VFMO Martin Ratio Rank: 86

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. VFMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) and Vanguard U.S. Momentum Factor ETF (VFMO). 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	VFMO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.09	+0.53
Sortino ratio: Return per unit of downside risk	3.41	2.70	+0.72
Omega ratio: Gain probability vs. loss probability	1.43	1.36	+0.07
Calmar ratio: Return relative to maximum drawdown	4.45	4.25	+0.20
Martin ratio: Return relative to average drawdown	16.97	15.78	+1.19

RSHO vs. VFMO - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.62, which is comparable to the VFMO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of RSHO and VFMO, 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. VFMO - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, smaller than the maximum VFMO drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for RSHO and VFMO.

Drawdown Indicators

	RSHO	VFMO	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-36.77%	+9.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-10.98%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-24.40%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.80%	—
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	-4.27%	-7.72%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	2.95%	+0.88%

Volatility

RSHO vs. VFMO - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.26% compared to Vanguard U.S. Momentum Factor ETF (VFMO) at 8.30%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than VFMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	VFMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	8.30%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	20.99%	17.41%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.93%	22.36%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	21.91%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.82%	23.64%	-0.82%

RSHO vs. VFMO - Expense Ratio Comparison

RSHO has a 0.75% expense ratio, which is higher than VFMO's 0.13% expense ratio.

Dividends

RSHO vs. VFMO - Dividend Comparison

RSHO has not paid dividends to shareholders, while VFMO's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RSHO Tema American Reshoring ETF	0.21%	0.30%	0.26%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%
VFMO Vanguard U.S. Momentum Factor ETF	0.57%	0.82%	0.72%	0.89%	1.72%	0.81%	0.45%	1.22%	0.70%

Frequently Asked Questions

Can I hold both RSHO and VFMO in my portfolio?

RSHO and VFMO have a correlation of 0.77, 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 VFMO?

RSHO has higher volatility (9.26%) compared to VFMO (8.30%). In terms of maximum drawdown, RSHO dropped -27.31% vs VFMO's -36.77%.

Which ETF is better, RSHO or VFMO?

On 3-year performance, RSHO leads with 30.96% vs 28.85% for VFMO. On fees, VFMO is cheaper at 0.13% per year. On volatility, VFMO has been the lower-risk option at 8.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSHO or VFMO?

Over the 3-year period, RSHO has performed better with a 30.96% return vs 28.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or VFMO?

VFMO is cheaper with a 0.13% expense ratio, compared with 0.75% for RSHO.

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

VFMO has the higher dividend yield at 0.57%, compared with 0.21% for RSHO.

What is the main difference between RSHO and VFMO?

RSHO is categorized as Mid Cap Blend Equities, while VFMO is Momentum. They also come from different issuers: Tema and Vanguard. Their fees differ too: 0.75% for RSHO and 0.13% for VFMO.

Which has better risk-adjusted returns?

RSHO currently has the higher Sharpe Ratio (2.62 vs 2.09), 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.