VOLT vs. LLY

Last updated Aug 1, 2026

VOLT (Tema Electrification ETF) is Global Equities fund actively managed by Tema, while LLY (Eli Lilly and Company) is a stock. Over the past year, VOLT returned 36.60% vs 56.33% for LLY. Their 0.17 correlation means their historical movements had little consistent relationship.

Performance

VOLT vs. LLY - Performance Comparison

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

Returns By Period

In the year-to-date period, VOLT achieves a 28.30% return, which is significantly higher than LLY's 7.26% return.

VOLT

• 1D: 1.62%
• 1M: -8.10%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 36.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

LLY

• 1D: -0.53%
• 1M: -3.60%
• 6M: 11.14%
• YTD: 7.26%
• 1Y: 56.33%
• 3Y*: 37.33%
• 5Y*: 37.67%
• 10Y*: 32.12%
• ALL TIME*: 16.04%

*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)
LLY Eli Lilly and Company	$2.62B	$2.84B	$3.35B
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

VOLT vs. LLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%
LLY Eli Lilly and Company	7.26%	40.25%	-5.08%

Correlation

The correlation between VOLT and LLY is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.17

The correlation between VOLT and LLY shifts across timeframes, from 0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VOLT vs. LLY — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 63
VOLT Sharpe Ratio Rank: 66
VOLT Sortino Ratio Rank: 61
VOLT Omega Ratio Rank: 61
VOLT Calmar Ratio Rank: 61
VOLT Martin Ratio Rank: 67

LLY

LLY Risk / Return Rank: 83
LLY Sharpe Ratio Rank: 85
LLY Sortino Ratio Rank: 81
LLY Omega Ratio Rank: 82
LLY Calmar Ratio Rank: 83
LLY Martin Ratio Rank: 84

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.

VOLT vs. LLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and Eli Lilly and Company (LLY). 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	LLY	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.48	+0.03
Sortino ratio: Return per unit of downside risk	2.04	2.10	-0.06
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.14	2.44	-0.31
Martin ratio: Return relative to average drawdown	8.15	6.60	+1.55

VOLT vs. LLY - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 1.50, which is comparable to the LLY Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of VOLT and LLY, 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. LLY - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum LLY drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for VOLT and LLY.

Drawdown Indicators

	VOLT	LLY	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-68.24%	+44.84%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-23.18%	+5.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.48%	—
Current Drawdown Current decline from peak	-11.75%	-7.02%	-4.73%
Average Drawdown Average peak-to-trough decline	-5.34%	-19.17%	+13.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	8.56%	-4.06%

Volatility

VOLT vs. LLY - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.95% compared to Eli Lilly and Company (LLY) at 8.88%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than LLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	LLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	8.88%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	21.11%	27.69%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	38.37%	-13.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	32.64%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	30.37%	-4.91%

Dividends

VOLT vs. LLY - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.36%, less than LLY's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LLY Eli Lilly and Company	0.56%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
VOLT Tema Electrification ETF	0.36%	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 LLY in my portfolio?

VOLT and LLY have a correlation of 0.06, 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 LLY?

VOLT has higher volatility (9.95%) compared to LLY (8.88%). In terms of maximum drawdown, VOLT dropped -23.40% vs LLY's -68.24%.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (1.50 vs 1.48), 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.