WELD vs. TOLZ
WELD (Tema U.S. Manufacturing & Reshoring ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both Industrials Equities funds. WELD is actively managed, while TOLZ is passively managed. At a correlation of -0.30, they often move in opposite directions. WELD charges 0.75%/yr vs 0.46%/yr for TOLZ.
Performance
WELD vs. TOLZ - Performance Comparison
Loading charts...
Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOLZ
- 1D
- 0.56%
- 1M
- 0.85%
- YTD
- 13.24%
- 6M
- 13.32%
- 1Y
- 16.33%
- 3Y*
- 14.86%
- 5Y*
- 8.87%
- 10Y*
- 7.96%
WELD vs. TOLZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 2.37% |
Correlation
The correlation between WELD and TOLZ is -0.30, 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 | -0.30 |
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. TOLZ — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TOLZ
WELD vs. TOLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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 | TOLZ | 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 | — | 3.21 | — |
| Martin ratioReturn relative to average drawdown | — | 9.18 | — |
Loading charts...
Drawdowns
WELD vs. TOLZ - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for WELD and TOLZ.
Loading charts...
Drawdown Indicators
| WELD | TOLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -39.33% | +32.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.33% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.45% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -6.61% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.80% | — |
Volatility
WELD vs. TOLZ - Volatility Comparison
Loading charts...
Volatility by Period
| WELD | TOLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 10.38% | +36.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 13.98% | +32.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 16.22% | +30.57% |
WELD vs. TOLZ - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than TOLZ's 0.46% expense ratio.
Dividends
WELD vs. TOLZ - Dividend Comparison
WELD has not paid dividends to shareholders, while TOLZ's dividend yield for the trailing twelve months is around 2.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 2.94% | 3.99% | 3.53% | 3.34% | 3.01% | 3.28% | 3.16% | 2.96% | 3.63% | 3.30% | 2.62% | 3.67% |
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 TOLZ have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TOLZ is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TOLZ is cheaper with a 0.46% expense ratio, compared with 0.75% for WELD.
TOLZ has the higher dividend yield at 2.94%, compared with 0.00% for WELD.
They also come from different issuers: Tema and ProShares. Their fees differ too: 0.75% for WELD and 0.46% for TOLZ.
Find the right allocation for WELD and TOLZ
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