TEMP vs. AIRR
Compare and contrast key facts about JPMorgan Climate Change Solutions ETF (TEMP) and First Trust RBA American Industrial Renaissance ETF (AIRR).
TEMP and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEMP is an actively managed fund by JPMorgan. It was launched on Dec 13, 2021. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TEMP or AIRR.
Key characteristics
| TEMP | AIRR | |
|---|---|---|
| YTD Return | 15.67% | 23.40% |
| 1Y Return | 24.90% | 34.75% |
| Sharpe Ratio | 1.67 | 1.34 |
| Daily Std Dev | 15.93% | 24.21% |
| Max Drawdown | -32.07% | -42.37% |
| Current Drawdown | -0.26% | -4.50% |
Correlation
The correlation between TEMP and AIRR is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TEMP vs. AIRR - Performance Comparison
In the year-to-date period, TEMP achieves a 15.67% return, which is significantly lower than AIRR's 23.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TEMP vs. AIRR - Expense Ratio Comparison
TEMP has a 0.49% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
TEMP vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Climate Change Solutions ETF (TEMP) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
Dividends
TEMP vs. AIRR - Dividend Comparison
TEMP's dividend yield for the trailing twelve months is around 0.96%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TEMP JPMorgan Climate Change Solutions ETF | 0.96% | 1.11% | 1.07% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% |
Drawdowns
TEMP vs. AIRR - Drawdown Comparison
The maximum TEMP drawdown since its inception was -32.07%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for TEMP and AIRR. For additional features, visit the drawdowns tool.
Volatility
TEMP vs. AIRR - Volatility Comparison
The current volatility for JPMorgan Climate Change Solutions ETF (TEMP) is 5.13%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 7.26%. This indicates that TEMP experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.