WELD vs. EVX
WELD (Tema U.S. Manufacturing & Reshoring ETF) and EVX (VanEck Vectors Environmental Services ETF) are both Industrials Equities funds. WELD is actively managed, while EVX is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. WELD charges 0.75%/yr vs 0.55%/yr for EVX.
Performance
WELD vs. EVX - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVX
- 1D
- 0.04%
- 1M
- 5.35%
- YTD
- 7.91%
- 6M
- 6.19%
- 1Y
- 8.41%
- 3Y*
- 10.23%
- 5Y*
- 8.33%
- 10Y*
- 12.82%
WELD vs. EVX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
EVX VanEck Vectors Environmental Services ETF | 3.25% |
Correlation
The correlation between WELD and EVX is 0.60, 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 | 0.60 |
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Return for Risk
WELD vs. EVX — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVX
WELD vs. EVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and VanEck Vectors Environmental Services ETF (EVX). 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.
| WELD | EVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.74 | — |
| Martin ratioReturn relative to average drawdown | — | 1.65 | — |
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Drawdowns
WELD vs. EVX - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum EVX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for WELD and EVX.
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Drawdown Indicators
| WELD | EVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -55.91% | +49.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.85% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.01% | — |
Current DrawdownCurrent decline from peak | -5.19% | -2.52% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -8.75% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.82% | — |
Volatility
WELD vs. EVX - Volatility Comparison
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Volatility by Period
| WELD | EVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 13.85% | +32.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 17.63% | +29.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 20.24% | +26.55% |
WELD vs. EVX - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than EVX's 0.55% expense ratio.
Dividends
WELD vs. EVX - Dividend Comparison
WELD has not paid dividends to shareholders, while EVX's dividend yield for the trailing twelve months is around 0.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVX VanEck Vectors Environmental Services ETF | 0.17% | 0.19% | 0.46% | 0.95% | 0.41% | 0.24% | 0.32% | 0.38% | 0.38% | 0.89% | 0.70% | 1.16% |
WELD Tema U.S. Manufacturing & Reshoring ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WELD and EVX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVX is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVX is cheaper with a 0.55% expense ratio, compared with 0.75% for WELD.
EVX has the higher dividend yield at 0.17%, compared with 0.00% for WELD.
They also come from different issuers: Tema and VanEck. Their fees differ too: 0.75% for WELD and 0.55% for EVX.
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