WELD vs. IGF
WELD (Tema U.S. Manufacturing & Reshoring ETF) and IGF (iShares Global Infrastructure ETF) are both Industrials Equities funds. WELD is actively managed, while IGF is passively managed. With a 1.00 correlation, they move nearly in lockstep. WELD charges 0.75%/yr vs 0.39%/yr for IGF.
Performance
WELD vs. IGF - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGF
- 1D
- 0.15%
- 1M
- 2.36%
- YTD
- 11.42%
- 6M
- 10.58%
- 1Y
- 18.38%
- 3Y*
- 16.86%
- 5Y*
- 11.00%
- 10Y*
- 8.80%
WELD vs. IGF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
IGF iShares Global Infrastructure ETF | 1.60% |
Correlation
The correlation between WELD and IGF is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 22, 2026 | 1.00 |
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Return for Risk
WELD vs. IGF — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGF
WELD vs. IGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and iShares Global Infrastructure ETF (IGF). 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 | IGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.16 | — |
| Martin ratioReturn relative to average drawdown | — | 8.89 | — |
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Drawdowns
WELD vs. IGF - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum IGF drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for WELD and IGF.
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Drawdown Indicators
| WELD | IGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -58.33% | +51.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.11% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.44% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -11.84% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
WELD vs. IGF - Volatility Comparison
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Volatility by Period
| WELD | IGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 10.56% | +36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 13.96% | +32.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 16.72% | +30.07% |
WELD vs. IGF - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than IGF's 0.39% expense ratio.
Dividends
WELD vs. IGF - Dividend Comparison
WELD has not paid dividends to shareholders, while IGF's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.86% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
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 1.00, WELD and IGF 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, IGF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGF is cheaper with a 0.39% expense ratio, compared with 0.75% for WELD.
IGF has the higher dividend yield at 2.86%, compared with 0.00% for WELD.
They also come from different issuers: Tema and iShares. Their fees differ too: 0.75% for WELD and 0.39% for IGF.
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