SAPH vs. TMH

Last updated Jul 10, 2026

SAPH (ADRhedged SAP ETF) and TMH (Toyota Motor Corporation ADRhedged) are both exchange-traded funds - SAPH is a Actively Managed fund actively managed by ADRhedged, while TMH is a Consumer Discretionary Equities fund tracking the Toyota Motor Corporation Local Shares Total Return. SAPH is actively managed, while TMH is passively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.

Performance

SAPH vs. TMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ADRhedged SAP ETF (SAPH) and Toyota Motor Corporation ADRhedged (TMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SAPH

• 1D: 0.63%
• 1M: -10.17%
• 6M: -31.03%
• YTD: -30.91%
• 1Y: -45.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMH

• 1D: -1.52%
• 1M: 0.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAPH vs. TMH - Yearly Performance Comparison

	2026 (YTD)
SAPH ADRhedged SAP ETF	-7.00%
TMH Toyota Motor Corporation ADRhedged	-5.02%

Correlation

The correlation between SAPH and TMH is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.07

Return for Risk

SAPH vs. TMH — Risk / Return Rank

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

SAPH

SAPH Risk / Return Rank: 1
SAPH Sharpe Ratio Rank: 0
SAPH Sortino Ratio Rank: 1
SAPH Omega Ratio Rank: 0
SAPH Calmar Ratio Rank: 1
SAPH Martin Ratio Rank: 1

TMH

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

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.

SAPH vs. TMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) and Toyota Motor Corporation ADRhedged (TMH). 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.

	SAPH	TMH	Difference
Sharpe ratio: Return per unit of total volatility	-1.32	—	—
Sortino ratio: Return per unit of downside risk	-1.97	—	—
Omega ratio: Gain probability vs. loss probability	0.75	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.54	—	—

Drawdowns

SAPH vs. TMH - Drawdown Comparison

The maximum SAPH drawdown since its inception was -51.14%, which is greater than TMH's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for SAPH and TMH.

Drawdown Indicators

	SAPH	TMH	Difference
Max Drawdown Largest peak-to-trough decline	-51.14%	-10.32%	-40.82%
Max Drawdown (1Y) Largest decline over 1 year	-48.85%	—	—
Current Drawdown Current decline from peak	-48.20%	-5.54%	-42.66%
Average Drawdown Average peak-to-trough decline	-22.21%	-6.14%	-16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.92%	—	—

Volatility

Volatility by Period

	SAPH	TMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.95%	27.31%	+7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	27.31%	+6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.14%	27.31%	+6.83%

SAPH vs. TMH - Expense Ratio Comparison

Both SAPH and TMH have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SAPH vs. TMH - Dividend Comparison

SAPH's dividend yield for the trailing twelve months is around 4.04%, less than TMH's 5.02% yield.

Position	TTM
SAPH ADRhedged SAP ETF	4.04%
TMH Toyota Motor Corporation ADRhedged	5.02%

Frequently Asked Questions

Can I hold both SAPH and TMH in my portfolio?

SAPH and TMH have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SAPH or TMH?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SAPH or TMH?

SAPH and TMH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, SAPH or TMH?

TMH has the higher dividend yield at 5.02%, compared with 4.04% for SAPH.

What is the main difference between SAPH and TMH?

SAPH is categorized as Actively Managed, while TMH is Consumer Discretionary Equities.