VOLT vs. XLE

Last updated Aug 2, 2026

VOLT (Tema Electrification ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. VOLT is actively managed, while XLE is passively managed. Over the past year, VOLT returned 38.01% vs 43.49% for XLE. Their 0.11 correlation means their historical movements had little consistent relationship. VOLT charges 0.75%/yr vs 0.08%/yr for XLE.

Performance

VOLT vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and State Street Energy Select Sector SPDR ETF (XLE). 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 lower than XLE's 35.03% return.

VOLT

• 1D: 1.62%
• 1M: -5.26%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 38.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

XLE

• 1D: 1.00%
• 1M: 11.89%
• 6M: 18.26%
• YTD: 35.03%
• 1Y: 43.49%
• 3Y*: 14.62%
• 5Y*: 23.67%
• 10Y*: 10.52%
• ALL TIME*: 8.87%

*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)
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M
XLE State Street Energy Select Sector SPDR ETF	$1.70B	$1.73B	$1.97B

VOLT vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%
XLE State Street Energy Select Sector SPDR ETF	35.03%	7.88%	-8.60%

Correlation

The correlation between VOLT and XLE is -0.03, 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.	-0.03
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.11

The correlation between VOLT and XLE shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

VOLT vs. XLE - Sectors Allocation Comparison

Sectors	VOLT	XLE
Industrials	50.4%	-
Utilities	28.2%	-
Technology	14.1%	-
Energy	4.7%	100.0%
Consumer Cyclical	2.6%	-
Basic Materials	1.4%	-
Financial Services	0.5%	-
Communication Services	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

VOLT vs. XLE — 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

XLE

XLE Risk / Return Rank: 76
XLE Sharpe Ratio Rank: 84
XLE Sortino Ratio Rank: 79
XLE Omega Ratio Rank: 76
XLE Calmar Ratio Rank: 78
XLE Martin Ratio Rank: 62

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. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) and State Street Energy Select Sector SPDR ETF (XLE). 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	XLE	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.95	-0.44
Sortino ratio: Return per unit of downside risk	2.04	2.53	-0.49
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	2.14	2.74	-0.60
Martin ratio: Return relative to average drawdown	8.15	7.32	+0.83

VOLT vs. XLE - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 1.50, which is comparable to the XLE Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VOLT and XLE, 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. XLE - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for VOLT and XLE.

Drawdown Indicators

	VOLT	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-71.26%	+47.86%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-14.98%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-11.75%	-4.13%	-7.62%
Average Drawdown Average peak-to-trough decline	-5.34%	-17.93%	+12.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	5.62%	-1.12%

Volatility

VOLT vs. XLE - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.95% compared to State Street Energy Select Sector SPDR ETF (XLE) at 5.85%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	5.85%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	21.11%	16.71%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	21.05%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	25.77%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	29.57%	-4.11%

VOLT vs. XLE - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

VOLT vs. XLE - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.36%, less than XLE's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XLE State Street Energy Select Sector SPDR ETF	2.55%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Frequently Asked Questions

Can I hold both VOLT and XLE in my portfolio?

VOLT and XLE have a correlation of -0.03, 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 XLE?

VOLT has higher volatility (9.95%) compared to XLE (5.85%). In terms of maximum drawdown, VOLT dropped -23.40% vs XLE's -71.26%.

Which ETF is better, VOLT or XLE?

On 1-year performance, XLE leads with 43.49% vs 38.01% for VOLT. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOLT or XLE?

Over the 1-year period, XLE has performed better with a 43.49% return vs 38.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.75% for VOLT.

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

XLE has the higher dividend yield at 2.55%, compared with 0.36% for VOLT.

What is the main difference between VOLT and XLE?

VOLT is categorized as Global Equities, while XLE is Energy Equities. They also come from different issuers: Tema and State Street. Their fees differ too: 0.75% for VOLT and 0.08% for XLE.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.95 vs 1.50), 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.