VOLT vs. FMTM
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 40.13% vs 45.80% for FMTM. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VOLT charges 0.75%/yr vs 0.45%/yr for FMTM.
Performance
VOLT vs. FMTM - Performance Comparison
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Returns By Period
In the year-to-date period, VOLT achieves a 30.27% return, which is significantly higher than FMTM's 21.20% return.
VOLT
- 1D
- 1.54%
- 1M
- -3.80%
- 6M
- 15.87%
- YTD
- 30.27%
- 1Y
- 40.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 27.28%
FMTM
- 1D
- 1.43%
- 1M
- -3.99%
- 6M
- 8.80%
- YTD
- 21.20%
- 1Y
- 45.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.19M | $8.18M | $9.06M | |
| $11.23M | $11.22M | $15.49M |
VOLT vs. FMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VOLT Tema Electrification ETF | 30.27% | 31.29% |
FMTM MarketDesk Focused U.S. Momentum ETF | 21.20% | 28.21% |
Correlation
The correlation between VOLT and FMTM is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | 0.78 |
The correlation between VOLT and FMTM has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
VOLT vs. FMTM — Risk / Return Rank
VOLT
FMTM
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 ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.99 | -0.65 |
| Martin ratioReturn relative to average drawdown | 8.84 | 10.28 | -1.44 |
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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 -15.40%. Use the drawdown chart below to compare losses from any high point for VOLT and FMTM.
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Drawdown Indicators
| VOLT | FMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -15.40% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -15.40% | -1.82% |
Current DrawdownCurrent decline from peak | -10.39% | -10.75% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -2.45% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.47% | +0.08% |
Volatility
VOLT vs. FMTM - Volatility Comparison
Tema Electrification ETF (VOLT) has a higher volatility of 9.72% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 9.02%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOLT | FMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 9.02% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | 21.03% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 26.65% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 24.75% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 24.75% | +0.71% |
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 0.35%, more than FMTM's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FMTM MarketDesk Focused U.S. Momentum ETF | 0.24% | 0.30% | 0.00% |
VOLT Tema Electrification ETF | 0.35% | 0.46% | 0.01% |
Frequently Asked Questions
VOLT and FMTM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOLT has higher volatility (9.72%) compared to FMTM (9.02%). In terms of maximum drawdown, VOLT dropped -23.40% vs FMTM's -15.40%.
On 1-year performance, FMTM leads with 45.80% vs 40.13% for VOLT. On fees, FMTM is cheaper at 0.45% per year. On volatility, FMTM has been the lower-risk option at 9.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FMTM has performed better with a 45.80% return vs 40.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMTM is cheaper with a 0.45% expense ratio, compared with 0.75% for VOLT.
VOLT has the higher dividend yield at 0.35%, compared with 0.24% for FMTM.
VOLT is categorized as Global Equities, while FMTM is Momentum. Their fees differ too: 0.75% for VOLT and 0.45% for FMTM.
FMTM currently has the higher Sharpe Ratio (1.73 vs 1.65), 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.
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