VOLT vs. SHLD

Last updated Apr 1, 2026

Compare and contrast key facts about Tema Electrification ETF (VOLT) and Global X Defense Tech ETF (SHLD).

VOLT and SHLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOLT is an actively managed fund by Tema. It was launched on Dec 3, 2024. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023.

Performance

VOLT vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

VOLT vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	18.37%	25.92%	-8.86%
SHLD Global X Defense Tech ETF	9.34%	74.16%	-4.95%

Returns By Period

In the year-to-date period, VOLT achieves a 18.37% return, which is significantly higher than SHLD's 9.34% return.

VOLT

• 1D: 3.29%
• 1M: -4.12%
• YTD: 18.37%
• 6M: 19.46%
• 1Y: 61.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: 3.72%
• 1M: -5.37%
• YTD: 9.34%
• 6M: 1.22%
• 1Y: 53.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOLT vs. SHLD - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than SHLD's 0.50% expense ratio.

VOLT

Tema Electrification ETF

SHLD

Global X Defense Tech ETF

Return for Risk

VOLT vs. SHLD — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 97
VOLT Sharpe Ratio Rank: 97
VOLT Sortino Ratio Rank: 97
VOLT Omega Ratio Rank: 96
VOLT Calmar Ratio Rank: 98
VOLT Martin Ratio Rank: 97

SHLD

SHLD Risk / Return Rank: 92
SHLD Sharpe Ratio Rank: 93
SHLD Sortino Ratio Rank: 93
SHLD Omega Ratio Rank: 90
SHLD Calmar Ratio Rank: 94
SHLD Martin Ratio Rank: 88

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and Global X Defense Tech ETF (SHLD). 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.

	VOLT	SHLD	Difference
Sharpe ratio Return per unit of total volatility	2.88	2.10	+0.78
Sortino ratio Return per unit of downside risk	3.55	2.75	+0.80
Omega ratio Gain probability vs. loss probability	1.50	1.36	+0.14
Calmar ratio Return relative to maximum drawdown	6.14	3.53	+2.61
Martin ratio Return relative to average drawdown	19.19	10.28	+8.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOLT vs. SHLD - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 2.88, which is higher than the SHLD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of VOLT and SHLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VOLT	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.10	+0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	2.53	-1.42

Correlation

The correlation between VOLT and SHLD is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VOLT vs. SHLD - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.39%, less than SHLD's 0.50% yield.

	TTM	2025	2024	2023
VOLT Tema Electrification ETF	0.39%	0.46%	0.01%	0.00%
SHLD Global X Defense Tech ETF	0.50%	0.55%	0.53%	0.26%

Drawdowns

VOLT vs. SHLD - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for VOLT and SHLD.

Drawdown Indicators

	VOLT	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-15.06%	-8.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-15.06%	+5.06%
Current Drawdown Current decline from peak	-5.10%	-9.20%	+4.10%
Average Drawdown Average peak-to-trough decline	-5.56%	-2.57%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	5.17%	-1.97%

Volatility

VOLT vs. SHLD - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.44% compared to Global X Defense Tech ETF (SHLD) at 8.85%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	8.85%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	18.37%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	25.40%	-3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.85%	20.70%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.85%	20.70%	+3.15%