WELD vs. FIDU
WELD (Tema U.S. Manufacturing & Reshoring ETF) and FIDU (Fidelity MSCI Industrials Index ETF) are both Industrials Equities funds. WELD is actively managed, while FIDU is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. WELD charges 0.75%/yr vs 0.08%/yr for FIDU.
Performance
WELD vs. FIDU - Performance Comparison
Loading charts...
Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIDU
- 1D
- -1.83%
- 1M
- 2.98%
- YTD
- 18.45%
- 6M
- 16.54%
- 1Y
- 27.03%
- 3Y*
- 21.86%
- 5Y*
- 13.86%
- 10Y*
- 15.04%
WELD vs. FIDU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
FIDU Fidelity MSCI Industrials Index ETF | -0.38% |
Correlation
The correlation between WELD and FIDU is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 22, 2026 | 0.90 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WELD vs. FIDU — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FIDU
WELD vs. FIDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and Fidelity MSCI Industrials Index ETF (FIDU). 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 | FIDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.31 | — |
| Martin ratioReturn relative to average drawdown | — | 9.51 | — |
Loading charts...
Drawdowns
WELD vs. FIDU - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum FIDU drawdown of -42.31%. Use the drawdown chart below to compare losses from any high point for WELD and FIDU.
Loading charts...
Drawdown Indicators
| WELD | FIDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -42.31% | +35.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.31% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.83% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -4.79% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.97% | — |
Volatility
WELD vs. FIDU - Volatility Comparison
Loading charts...
Volatility by Period
| WELD | FIDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 17.53% | +29.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 18.43% | +28.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 20.34% | +26.45% |
WELD vs. FIDU - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than FIDU's 0.08% expense ratio.
Dividends
WELD vs. FIDU - Dividend Comparison
WELD has not paid dividends to shareholders, while FIDU's dividend yield for the trailing twelve months is around 0.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDU Fidelity MSCI Industrials Index ETF | 0.93% | 1.02% | 1.42% | 1.42% | 1.48% | 1.12% | 1.28% | 1.73% | 1.99% | 1.60% | 1.63% | 1.98% |
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
With a correlation of 0.90, WELD and FIDU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FIDU is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIDU is cheaper with a 0.08% expense ratio, compared with 0.75% for WELD.
FIDU has the higher dividend yield at 0.93%, compared with 0.00% for WELD.
They also come from different issuers: Tema and Fidelity. Their fees differ too: 0.75% for WELD and 0.08% for FIDU.
Find the right allocation for WELD and FIDU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer