VOLT vs. WDC
VOLT (Tema Electrification ETF) is Energy Equities fund actively managed by Tema, while WDC (Western Digital Corporation) is a stock. Over the past year, VOLT returned 65.72% vs 1076.48% for WDC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
VOLT vs. WDC - Performance Comparison
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Returns By Period
In the year-to-date period, VOLT achieves a 39.12% return, which is significantly lower than WDC's 279.64% return.
VOLT
- 1D
- 2.05%
- 1M
- 1.33%
- YTD
- 39.12%
- 6M
- 37.48%
- 1Y
- 65.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDC
- 1D
- 16.10%
- 1M
- 35.62%
- YTD
- 279.64%
- 6M
- 280.15%
- 1Y
- 1,076.48%
- 3Y*
- 177.90%
- 5Y*
- 63.97%
- 10Y*
- 35.83%
VOLT vs. WDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VOLT Tema Electrification ETF | 39.12% | 25.92% | -8.98% |
WDC Western Digital Corporation | 279.64% | 283.68% | -16.82% |
Correlation
The correlation between VOLT and WDC is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.61 |
The correlation between VOLT and WDC has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
VOLT vs. WDC — Risk / Return Rank
VOLT
WDC
VOLT vs. WDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and Western Digital Corporation (WDC). 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 | WDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 2.01 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.89 | 52.84 | -45.95 |
| Martin ratioReturn relative to average drawdown | 19.39 | 179.30 | -159.91 |
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Drawdowns
VOLT vs. WDC - Drawdown Comparison
The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum WDC drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for VOLT and WDC.
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Drawdown Indicators
| VOLT | WDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -96.20% | +72.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -20.59% | +11.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.49% | — |
Current DrawdownCurrent decline from peak | -2.80% | 0.00% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -52.06% | +46.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 6.06% | -2.66% |
Volatility
VOLT vs. WDC - Volatility Comparison
The current volatility for Tema Electrification ETF (VOLT) is 9.42%, while Western Digital Corporation (WDC) has a volatility of 25.93%. This indicates that VOLT experiences smaller price fluctuations and is considered to be less risky than WDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOLT | WDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 25.93% | -16.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 55.32% | -37.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 67.30% | -45.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.42% | 49.39% | -24.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 48.90% | -24.48% |
Dividends
VOLT vs. WDC - Dividend Comparison
VOLT's dividend yield for the trailing twelve months is around 0.33%, more than WDC's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WDC Western Digital Corporation | 0.08% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Frequently Asked Questions
VOLT and WDC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (25.93%) compared to VOLT (9.42%). In terms of maximum drawdown, VOLT dropped -23.40% vs WDC's -96.20%.
WDC currently has the higher Sharpe Ratio (16.20 vs 3.10), 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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