WELD vs. SEA

Last updated Jul 18, 2026

WELD (Tema U.S. Manufacturing & Reshoring ETF) and SEA (U.S. Global Sea to Sky Cargo ETF) are both Industrials Equities funds. WELD is actively managed, while SEA is passively managed. At a correlation of -0.11, they often move in opposite directions. WELD charges 0.75%/yr vs 0.60%/yr for SEA.

Performance

WELD vs. SEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema U.S. Manufacturing & Reshoring ETF (WELD) and U.S. Global Sea to Sky Cargo ETF (SEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WELD

• 1D: -0.45%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEA

• 1D: -0.16%
• 1M: 4.97%
• 6M: 19.90%
• YTD: 24.59%
• 1Y: 32.13%
• 3Y*: 16.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WELD vs. SEA - Yearly Performance Comparison

	2026 (YTD)
WELD Tema U.S. Manufacturing & Reshoring ETF	-11.04%
SEA U.S. Global Sea to Sky Cargo ETF	5.83%

Correlation

The correlation between WELD and SEA is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 22, 2026	-0.11

WELD vs. SEA - Sectors Allocation Comparison

Sectors	WELD	SEA
Industrials	73.5%	89.6%
Technology	12.9%	0.1%
Basic Materials	8.5%	-
Consumer Cyclical	3.0%	-
Energy	1.0%	8.4%
Communication Services	-	0.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WELD vs. SEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WELD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SEA

SEA Risk / Return Rank: 74
SEA Sharpe Ratio Rank: 75
SEA Sortino Ratio Rank: 76
SEA Omega Ratio Rank: 69
SEA Calmar Ratio Rank: 75
SEA Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WELD vs. SEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and U.S. Global Sea to Sky Cargo ETF (SEA). 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	SEA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.70	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.03	—
Martin ratio: Return relative to average drawdown	—	11.02	—

Drawdowns

WELD vs. SEA - Drawdown Comparison

The maximum WELD drawdown since its inception was -11.04%, smaller than the maximum SEA drawdown of -39.53%. Use the drawdown chart below to compare losses from any high point for WELD and SEA.

Drawdown Indicators

	WELD	SEA	Difference
Max Drawdown Largest peak-to-trough decline	-11.04%	-39.53%	+28.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.42%	—
Current Drawdown Current decline from peak	-11.04%	-0.52%	-10.52%
Average Drawdown Average peak-to-trough decline	-7.35%	-14.02%	+6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.92%	—

Volatility

Volatility by Period

	WELD	SEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.23%	17.09%	+16.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.23%	21.61%	+11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	21.61%	+11.62%

WELD vs. SEA - Expense Ratio Comparison

WELD has a 0.75% expense ratio, which is higher than SEA's 0.60% expense ratio.

Dividends

WELD vs. SEA - Dividend Comparison

WELD has not paid dividends to shareholders, while SEA's dividend yield for the trailing twelve months is around 5.42%.

Position	TTM	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	5.42%	6.76%	18.47%	9.85%	18.73%
WELD Tema U.S. Manufacturing & Reshoring ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WELD and SEA in my portfolio?

WELD and SEA have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WELD or SEA?

On fees, SEA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WELD or SEA?

SEA is cheaper with a 0.60% expense ratio, compared with 0.75% for WELD.

Which ETF pays a higher dividend yield, WELD or SEA?

SEA has the higher dividend yield at 5.42%, compared with 0.00% for WELD.

What is the main difference between WELD and SEA?

They also come from different issuers: Tema and US Global. Their fees differ too: 0.75% for WELD and 0.60% for SEA.