VOLT vs. ESIH.L

Last updated Jun 14, 2026

VOLT (Tema Electrification ETF) and ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) are both exchange-traded funds - VOLT is a Energy Equities fund actively managed by Tema, while ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. VOLT is actively managed, while ESIH.L is passively managed. Over the past year, VOLT returned 62.39% vs 6.81% for ESIH.L. At a 0.21 correlation, their price movements are largely independent. VOLT charges 0.75%/yr vs 0.18%/yr for ESIH.L.

Performance

VOLT vs. ESIH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOLT is traded in USD, while ESIH.L is traded in GBP. To make them comparable, the ESIH.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOLT achieves a 36.32% return, which is significantly higher than ESIH.L's -1.42% return.

VOLT

• 1D: 1.28%
• 1M: -3.50%
• YTD: 36.32%
• 6M: 35.03%
• 1Y: 62.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESIH.L

• 1D: 0.66%
• 1M: 1.44%
• YTD: -1.42%
• 6M: 0.22%
• 1Y: 6.81%
• 3Y*: 6.18%
• 5Y*: 4.26%
• 10Y*: —

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

VOLT vs. ESIH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	36.32%	25.92%	-8.98%
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF	-1.42%	21.28%	-6.39%

Correlation

The correlation between VOLT and ESIH.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.21

VOLT vs. ESIH.L - Sectors Allocation Comparison

Sectors	VOLT	ESIH.L
Industrials	46.7%	-
Utilities	31.8%	-
Technology	12.2%	-
Energy	5.1%	-
Consumer Cyclical	3.4%	-
Financial Services	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Healthcare	-	100.0%
Real Estate	-	-

Return for Risk

VOLT vs. ESIH.L — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

ESIH.L

ESIH.L Risk / Return Rank: 16
ESIH.L Sharpe Ratio Rank: 16
ESIH.L Sortino Ratio Rank: 16
ESIH.L Omega Ratio Rank: 16
ESIH.L Calmar Ratio Rank: 16
ESIH.L Martin Ratio Rank: 16

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.

VOLT vs. ESIH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L). 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.

	VOLT	ESIH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.87	0.29	+2.58
Sortino ratio: Return per unit of downside risk	3.62	0.55	+3.07
Omega ratio: Gain probability vs. loss probability	1.47	1.06	+0.41
Calmar ratio: Return relative to maximum drawdown	6.35	0.35	+6.00
Martin ratio: Return relative to average drawdown	17.90	0.82	+17.08

VOLT vs. ESIH.L - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 2.87, which is higher than the ESIH.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of VOLT and ESIH.L, 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

VOLT vs. ESIH.L - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum ESIH.L drawdown of -29.18%. Use the drawdown chart below to compare losses from any high point for VOLT and ESIH.L.

Drawdown Indicators

	VOLT	ESIH.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-29.18%	+5.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-14.92%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.18%	—
Current Drawdown Current decline from peak	-4.76%	-10.47%	+5.71%
Average Drawdown Average peak-to-trough decline	-5.19%	-8.71%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	6.34%	-2.94%

Volatility

VOLT vs. ESIH.L - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.23% compared to iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) at 5.10%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than ESIH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	ESIH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.23%	5.10%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	13.29%	+4.90%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	18.32%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	19.22%	+5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	19.34%	+5.06%

VOLT vs. ESIH.L - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than ESIH.L's 0.18% expense ratio.

Dividends

VOLT vs. ESIH.L - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.33%, while ESIH.L has not paid dividends to shareholders.

Position	TTM	2025	2024
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF	0.00%	0.00%	0.00%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%

Frequently Asked Questions

Can I hold both VOLT and ESIH.L in my portfolio?

VOLT and ESIH.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOLT or ESIH.L?

On fees, ESIH.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOLT or ESIH.L?

ESIH.L is cheaper with a 0.18% expense ratio, compared with 0.75% for VOLT.

What is the main difference between VOLT and ESIH.L?

VOLT is categorized as Energy Equities, while ESIH.L is Health & Biotech Equities. They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for VOLT and 0.18% for ESIH.L.