WELD vs. VOLT
WELD (Tema U.S. Manufacturing & Reshoring ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - WELD is a Industrials Equities fund actively managed by Tema, while VOLT is a Global Equities fund actively managed by Tema. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
WELD vs. VOLT - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOLT
- 1D
- -3.47%
- 1M
- 2.49%
- YTD
- 39.46%
- 6M
- 37.12%
- 1Y
- 59.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELD vs. VOLT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
VOLT Tema Electrification ETF | -1.94% |
Correlation
The correlation between WELD and VOLT is 0.70, 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 | 0.70 |
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Return for Risk
WELD vs. VOLT — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VOLT
WELD vs. VOLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and Tema Electrification ETF (VOLT). 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 | VOLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.47 | — |
| Martin ratioReturn relative to average drawdown | — | 18.04 | — |
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Drawdowns
WELD vs. VOLT - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum VOLT drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for WELD and VOLT.
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Drawdown Indicators
| WELD | VOLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -23.40% | +17.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.59% | — |
Current DrawdownCurrent decline from peak | -5.19% | -4.07% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -5.12% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.43% | — |
Volatility
WELD vs. VOLT - Volatility Comparison
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Volatility by Period
| WELD | VOLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 22.11% | +24.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 24.69% | +22.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 24.69% | +22.10% |
WELD vs. VOLT - Expense Ratio Comparison
Both WELD and VOLT have an expense ratio of 0.75%.
Dividends
WELD vs. VOLT - Dividend Comparison
WELD has not paid dividends to shareholders, while VOLT's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
VOLT Tema Electrification ETF | 0.33% | 0.46% | 0.01% |
WELD Tema U.S. Manufacturing & Reshoring ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WELD and VOLT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WELD and VOLT have the same expense ratio: 0.75% per year.
VOLT has the higher dividend yield at 0.33%, compared with 0.00% for WELD.
WELD is categorized as Industrials Equities, while VOLT is Global Equities.
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