VOLT vs. WELD

Last updated Jul 17, 2026

VOLT (Tema Electrification ETF) and WELD (Tema U.S. Manufacturing & Reshoring ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while WELD is a Industrials Equities fund actively managed by Tema. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

VOLT vs. WELD - Performance Comparison

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

Returns By Period

VOLT

• 1D: -2.23%
• 1M: -5.89%
• 6M: 21.72%
• YTD: 30.34%
• 1Y: 46.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WELD

• 1D: -0.94%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOLT vs. WELD - Yearly Performance Comparison

	2026 (YTD)
VOLT Tema Electrification ETF	-8.36%
WELD Tema U.S. Manufacturing & Reshoring ETF	-10.64%

Correlation

The correlation between VOLT and WELD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 22, 2026	0.79

VOLT vs. WELD - Sectors Allocation Comparison

Sectors	VOLT	WELD
Industrials	42.7%	73.5%
Utilities	34.8%	-
Technology	12.8%	12.9%
Energy	5.0%	1.0%
Consumer Cyclical	2.3%	3.0%
Basic Materials	1.4%	8.5%
Financial Services	0.5%	-
Communication Services	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

VOLT vs. WELD — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 79
VOLT Sharpe Ratio Rank: 79
VOLT Sortino Ratio Rank: 72
VOLT Omega Ratio Rank: 71
VOLT Calmar Ratio Rank: 91
VOLT Martin Ratio Rank: 80

WELD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. WELD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and Tema U.S. Manufacturing & Reshoring ETF (WELD). 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	WELD	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	4.51	—	—
Martin ratio: Return relative to average drawdown	12.23	—	—

Drawdowns

VOLT vs. WELD - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, which is greater than WELD's maximum drawdown of -10.64%. Use the drawdown chart below to compare losses from any high point for VOLT and WELD.

Drawdown Indicators

	VOLT	WELD	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-10.64%	-12.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	—	—
Current Drawdown Current decline from peak	-10.34%	-10.64%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.18%	-7.14%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	—	—

Volatility

Volatility by Period

	VOLT	WELD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.24%	34.19%	-10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.00%	34.19%	-9.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	34.19%	-9.19%

VOLT vs. WELD - Expense Ratio Comparison

Both VOLT and WELD have an expense ratio of 0.75%.

Dividends

VOLT vs. WELD - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.35%, while WELD has not paid dividends to shareholders.

Position	TTM	2025	2024
VOLT Tema Electrification ETF	0.35%	0.46%	0.01%
WELD Tema U.S. Manufacturing & Reshoring ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOLT and WELD in my portfolio?

VOLT and WELD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOLT or WELD?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOLT or WELD?

VOLT and WELD have the same expense ratio: 0.75% per year.

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

VOLT has the higher dividend yield at 0.35%, compared with 0.00% for WELD.

What is the main difference between VOLT and WELD?

VOLT is categorized as Global Equities, while WELD is Industrials Equities.