THMZ vs. VOLT

Last updated Aug 4, 2026

THMZ (Lazard Equity Megatrends ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. Both are actively managed. Over the past year, THMZ returned 13.86% vs 40.13% for VOLT. Their 0.62 correlation means they have sometimes moved together and sometimes differently. THMZ charges 0.50%/yr vs 0.75%/yr for VOLT.

Performance

THMZ vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Equity Megatrends ETF (THMZ) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THMZ achieves a 5.16% return, which is significantly lower than VOLT's 30.27% return.

THMZ

• 1D: 0.89%
• 1M: 1.62%
• 6M: 5.67%
• YTD: 5.16%
• 1Y: 13.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.54%

VOLT

• 1D: 1.54%
• 1M: -3.80%
• 6M: 15.87%
• YTD: 30.27%
• 1Y: 40.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
THMZ Lazard Equity Megatrends ETF	$75.28K	$59.75K	$63.41K
VOLT Tema Electrification ETF	$11.23M	$11.22M	$15.49M

THMZ vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025
THMZ Lazard Equity Megatrends ETF	5.16%	31.18%
VOLT Tema Electrification ETF	30.27%	47.63%

Correlation

The correlation between THMZ and VOLT is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.62

The correlation between THMZ and VOLT has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

Return for Risk

THMZ vs. VOLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

THMZ

THMZ Risk / Return Rank: 30
THMZ Sharpe Ratio Rank: 31
THMZ Sortino Ratio Rank: 31
THMZ Omega Ratio Rank: 29
THMZ Calmar Ratio Rank: 26
THMZ Martin Ratio Rank: 31

VOLT

VOLT Risk / Return Rank: 67
VOLT Sharpe Ratio Rank: 70
VOLT Sortino Ratio Rank: 65
VOLT Omega Ratio Rank: 64
VOLT Calmar Ratio Rank: 65
VOLT Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

THMZ vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Megatrends ETF (THMZ) and Tema Electrification ETF (VOLT). 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.

	THMZ	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.65	-0.83
Sortino ratio: Return per unit of downside risk	1.24	2.20	-0.96
Omega ratio: Gain probability vs. loss probability	1.15	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	0.87	2.34	-1.47
Martin ratio: Return relative to average drawdown	3.08	8.84	-5.76

THMZ vs. VOLT - Sharpe Ratio Comparison

The current THMZ Sharpe Ratio is 0.82, which is lower than the VOLT Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of THMZ and VOLT, 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

THMZ vs. VOLT - Drawdown Comparison

The maximum THMZ drawdown since its inception was -15.99%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for THMZ and VOLT.

Drawdown Indicators

	THMZ	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	-23.40%	+7.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	-17.22%	+1.23%
Current Drawdown Current decline from peak	0.00%	-10.39%	+10.39%
Average Drawdown Average peak-to-trough decline	-2.53%	-5.35%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	4.55%	-0.05%

Volatility

THMZ vs. VOLT - Volatility Comparison

The current volatility for Lazard Equity Megatrends ETF (THMZ) is 5.08%, while Tema Electrification ETF (VOLT) has a volatility of 9.72%. This indicates that THMZ experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THMZ	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	9.72%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	21.11%	-6.96%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	24.49%	-7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	25.46%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	25.46%	-6.52%

THMZ vs. VOLT - Expense Ratio Comparison

THMZ has a 0.50% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

THMZ vs. VOLT - Dividend Comparison

THMZ's dividend yield for the trailing twelve months is around 0.23%, less than VOLT's 0.35% yield.

Position	TTM	2025	2024
THMZ Lazard Equity Megatrends ETF	0.23%	0.30%	0.00%
VOLT Tema Electrification ETF	0.35%	0.46%	0.01%

Frequently Asked Questions

Can I hold both THMZ and VOLT in my portfolio?

THMZ and VOLT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THMZ or VOLT?

VOLT has higher volatility (9.72%) compared to THMZ (5.08%). In terms of maximum drawdown, THMZ dropped -15.99% vs VOLT's -23.40%.

Which ETF is better, THMZ or VOLT?

On 1-year performance, VOLT leads with 40.13% vs 13.86% for THMZ. On fees, THMZ is cheaper at 0.50% per year. On volatility, THMZ has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THMZ or VOLT?

Over the 1-year period, VOLT has performed better with a 40.13% return vs 13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THMZ or VOLT?

THMZ is cheaper with a 0.50% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, THMZ or VOLT?

VOLT has the higher dividend yield at 0.35%, compared with 0.23% for THMZ.

What is the main difference between THMZ and VOLT?

They also come from different issuers: Lazard and Tema. Their fees differ too: 0.50% for THMZ and 0.75% for VOLT.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (1.65 vs 0.82), 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.