VOLT vs. FMTM

Last updated Jun 24, 2026

VOLT (Tema Electrification ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while FMTM is a Momentum fund. Both are actively managed. Over the past year, VOLT returned 64.69% vs 61.05% for FMTM. A 0.75 correlation means they provide meaningful diversification when combined. VOLT charges 0.75%/yr vs 0.45%/yr for FMTM.

Performance

VOLT vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOLT achieves a 40.29% return, which is significantly higher than FMTM's 30.53% return.

VOLT

• 1D: -3.50%
• 1M: 2.50%
• YTD: 40.29%
• 6M: 38.12%
• 1Y: 64.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMTM

• 1D: -3.43%
• 1M: 4.31%
• YTD: 30.53%
• 6M: 28.10%
• 1Y: 61.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOLT vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
VOLT Tema Electrification ETF	40.29%	31.29%
FMTM MarketDesk Focused U.S. Momentum ETF	30.53%	28.21%

Correlation

The correlation between VOLT and FMTM is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.75

The correlation between VOLT and FMTM has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

VOLT vs. FMTM — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 86
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

FMTM

FMTM Risk / Return Rank: 81
FMTM Sharpe Ratio Rank: 82
FMTM Sortino Ratio Rank: 72
FMTM Omega Ratio Rank: 74
FMTM Calmar Ratio Rank: 89
FMTM Martin Ratio Rank: 89

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	2.99	2.53	+0.46
Sortino ratio: Return per unit of downside risk	3.71	3.09	+0.62
Omega ratio: Gain probability vs. loss probability	1.49	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	6.78	5.06	+1.72
Martin ratio: Return relative to average drawdown	18.99	19.29	-0.30

VOLT vs. FMTM - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 2.99, which is comparable to the FMTM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of VOLT and FMTM, 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. FMTM - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for VOLT and FMTM.

Drawdown Indicators

	VOLT	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-12.12%	-11.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-12.12%	+2.53%
Current Drawdown Current decline from peak	-3.50%	-3.43%	-0.07%
Average Drawdown Average peak-to-trough decline	-5.14%	-1.91%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.17%	+0.25%

Volatility

VOLT vs. FMTM - Volatility Comparison

Tema Electrification ETF (VOLT) and MarketDesk Focused U.S. Momentum ETF (FMTM) have volatilities of 9.40% and 9.38%, 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	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.40%	9.38%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	18.29%	19.05%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	24.27%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.55%	23.68%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.55%	23.68%	+0.87%

VOLT vs. FMTM - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than FMTM's 0.45% expense ratio.

Dividends

VOLT vs. FMTM - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.32%, more than FMTM's 0.23% yield.

Position	TTM	2025	2024
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%

Frequently Asked Questions

Can I hold both VOLT and FMTM in my portfolio?

VOLT and FMTM have a correlation of 0.78, 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 FMTM?

VOLT has higher volatility (9.40%) compared to FMTM (9.38%). In terms of maximum drawdown, VOLT dropped -23.40% vs FMTM's -12.12%.

Which ETF is better, VOLT or FMTM?

On 1-year performance, VOLT leads with 64.69% vs 61.05% for FMTM. On fees, FMTM is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOLT or FMTM?

Over the 1-year period, VOLT has performed better with a 64.69% return vs 61.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or FMTM?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.75% for VOLT.

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

VOLT has the higher dividend yield at 0.32%, compared with 0.23% for FMTM.

What is the main difference between VOLT and FMTM?

VOLT is categorized as Global Equities, while FMTM is Momentum. Their fees differ too: 0.75% for VOLT and 0.45% for FMTM.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.99 vs 2.53), 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.