WELD vs. VIS
WELD (Tema U.S. Manufacturing & Reshoring ETF) and VIS (Vanguard Industrials ETF) are both Industrials Equities funds. WELD is actively managed, while VIS is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. WELD charges 0.75%/yr vs 0.09%/yr for VIS.
Performance
WELD vs. VIS - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VIS
- 1D
- -1.61%
- 1M
- 3.30%
- YTD
- 18.68%
- 6M
- 16.68%
- 1Y
- 27.63%
- 3Y*
- 21.86%
- 5Y*
- 13.84%
- 10Y*
- 14.88%
WELD vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
VIS Vanguard Industrials ETF | -0.09% |
Correlation
The correlation between WELD and VIS 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 |
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Return for Risk
WELD vs. VIS — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VIS
WELD vs. VIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and Vanguard Industrials ETF (VIS). 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 | VIS | 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 | — | 2.36 | — |
| Martin ratioReturn relative to average drawdown | — | 9.73 | — |
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Drawdowns
WELD vs. VIS - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for WELD and VIS.
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Drawdown Indicators
| WELD | VIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -63.51% | +57.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.42% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.61% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -8.35% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.97% | — |
Volatility
WELD vs. VIS - Volatility Comparison
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Volatility by Period
| WELD | VIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 17.48% | +29.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 18.52% | +28.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 20.46% | +26.33% |
WELD vs. VIS - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than VIS's 0.09% expense ratio.
Dividends
WELD vs. VIS - Dividend Comparison
WELD has not paid dividends to shareholders, while VIS's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIS Vanguard Industrials ETF | 0.88% | 1.01% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.68% | 1.90% | 1.60% | 1.81% | 1.94% |
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 VIS 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, VIS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIS is cheaper with a 0.09% expense ratio, compared with 0.75% for WELD.
VIS has the higher dividend yield at 0.88%, compared with 0.00% for WELD.
They also come from different issuers: Tema and Vanguard. Their fees differ too: 0.75% for WELD and 0.09% for VIS.
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