WELD vs. IFRA
WELD (Tema U.S. Manufacturing & Reshoring ETF) and IFRA (iShares U.S. Infrastructure ETF) are both Industrials Equities funds. WELD is actively managed, while IFRA is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. WELD charges 0.75%/yr vs 0.30%/yr for IFRA.
Performance
WELD vs. IFRA - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFRA
- 1D
- -0.91%
- 1M
- 3.93%
- YTD
- 21.59%
- 6M
- 19.88%
- 1Y
- 31.45%
- 3Y*
- 20.45%
- 5Y*
- 14.43%
- 10Y*
- —
WELD vs. IFRA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
IFRA iShares U.S. Infrastructure ETF | 2.42% |
Correlation
The correlation between WELD and IFRA is 0.50, 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 | 0.50 |
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Return for Risk
WELD vs. IFRA — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFRA
WELD vs. IFRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and iShares U.S. Infrastructure ETF (IFRA). 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 | IFRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.85 | — |
| Martin ratioReturn relative to average drawdown | — | 14.08 | — |
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Drawdowns
WELD vs. IFRA - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for WELD and IFRA.
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Drawdown Indicators
| WELD | IFRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -41.06% | +34.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.93% | — |
Current DrawdownCurrent decline from peak | -5.19% | -0.91% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.11% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.29% | — |
Volatility
WELD vs. IFRA - Volatility Comparison
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Volatility by Period
| WELD | IFRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 15.21% | +31.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 17.92% | +28.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 21.35% | +25.44% |
WELD vs. IFRA - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than IFRA's 0.30% expense ratio.
Dividends
WELD vs. IFRA - Dividend Comparison
WELD has not paid dividends to shareholders, while IFRA's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 1.53% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% |
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% |
Frequently Asked Questions
WELD and IFRA have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFRA is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFRA is cheaper with a 0.30% expense ratio, compared with 0.75% for WELD.
IFRA has the higher dividend yield at 1.53%, compared with 0.00% for WELD.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for WELD and 0.30% for IFRA.
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