VOLT vs. FDT

Last updated Jun 16, 2026

VOLT (Tema Electrification ETF) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both exchange-traded funds - VOLT is a Energy Equities fund actively managed by Tema, while FDT is a Foreign Large Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Index. VOLT is actively managed, while FDT is passively managed. Over the past year, VOLT returned 65.72% vs 53.96% for FDT. A 0.60 correlation means they provide meaningful diversification when combined. VOLT charges 0.75%/yr vs 0.80%/yr for FDT.

Performance

VOLT vs. FDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOLT achieves a 39.12% return, which is significantly higher than FDT's 26.48% return.

VOLT

• 1D: 2.05%
• 1M: 1.33%
• YTD: 39.12%
• 6M: 37.48%
• 1Y: 65.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDT

• 1D: 2.64%
• 1M: 3.53%
• YTD: 26.48%
• 6M: 26.98%
• 1Y: 53.96%
• 3Y*: 28.59%
• 5Y*: 13.14%
• 10Y*: 11.35%

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

VOLT vs. FDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	39.12%	25.92%	-8.98%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	26.48%	52.21%	-3.07%

Correlation

The correlation between VOLT and FDT is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.60

The correlation between VOLT and FDT has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

VOLT vs. FDT - Sectors Allocation Comparison

Sectors	VOLT	FDT
Industrials	46.7%	32.4%
Utilities	31.8%	4.8%
Technology	12.2%	12.1%
Energy	5.1%	7.9%
Consumer Cyclical	3.4%	11.9%
Financial Services	0.5%	9.9%
Basic Materials	-	9.4%
Communication Services	-	2.8%
Consumer Defensive	-	2.5%
Healthcare	-	1.3%
Real Estate	-	5.0%

Return for Risk

VOLT vs. FDT — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 92
VOLT Sharpe Ratio Rank: 94
VOLT Sortino Ratio Rank: 91
VOLT Omega Ratio Rank: 90
VOLT Calmar Ratio Rank: 95
VOLT Martin Ratio Rank: 91

FDT

FDT Risk / Return Rank: 86
FDT Sharpe Ratio Rank: 90
FDT Sortino Ratio Rank: 86
FDT Omega Ratio Rank: 88
FDT Calmar Ratio Rank: 83
FDT Martin Ratio Rank: 83

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. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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	FDT	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.75	+0.35
Sortino ratio: Return per unit of downside risk	3.86	3.51	+0.35
Omega ratio: Gain probability vs. loss probability	1.51	1.49	+0.02
Calmar ratio: Return relative to maximum drawdown	6.89	4.04	+2.84
Martin ratio: Return relative to average drawdown	19.39	15.31	+4.08

VOLT vs. FDT - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 3.10, which is comparable to the FDT Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of VOLT and FDT, 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. FDT - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for VOLT and FDT.

Drawdown Indicators

	VOLT	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-46.10%	+22.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-13.41%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.10%	—
Current Drawdown Current decline from peak	-2.80%	-0.82%	-1.98%
Average Drawdown Average peak-to-trough decline	-5.19%	-10.76%	+5.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.54%	-0.14%

Volatility

VOLT vs. FDT - Volatility Comparison

Tema Electrification ETF (VOLT) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT) have volatilities of 9.42% and 9.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.42%	9.32%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	17.44%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	19.76%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.42%	18.50%	+5.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.42%	18.63%	+5.79%

VOLT vs. FDT - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is lower than FDT's 0.80% expense ratio.

Dividends

VOLT vs. FDT - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.33%, less than FDT's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.82%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOLT and FDT in my portfolio?

VOLT and FDT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOLT or FDT?

VOLT has higher volatility (9.42%) compared to FDT (9.32%). In terms of maximum drawdown, VOLT dropped -23.40% vs FDT's -46.10%.

Which ETF is better, VOLT or FDT?

On 1-year performance, VOLT leads with 65.72% vs 53.96% for FDT. On fees, VOLT is cheaper at 0.75% per year. On volatility, FDT has been the lower-risk option at 9.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOLT or FDT?

Over the 1-year period, VOLT has performed better with a 65.72% return vs 53.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or FDT?

VOLT is cheaper with a 0.75% expense ratio, compared with 0.80% for FDT.

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

FDT has the higher dividend yield at 2.82%, compared with 0.33% for VOLT.

What is the main difference between VOLT and FDT?

VOLT is categorized as Energy Equities, while FDT is Foreign Large Cap Equities. They also come from different issuers: Tema and First Trust. Their fees differ too: 0.75% for VOLT and 0.80% for FDT.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (3.10 vs 2.75), 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.