WELD vs. XHB

Last updated Jul 18, 2026

WELD (Tema U.S. Manufacturing & Reshoring ETF) and XHB (SPDR S&P Homebuilders ETF) are both exchange-traded funds - WELD is a Industrials Equities fund actively managed by Tema, while XHB is a Building & Construction fund tracking the S&P Homebuilders Select Industry Index. WELD is actively managed, while XHB is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. WELD charges 0.75%/yr vs 0.35%/yr for XHB.

Performance

WELD vs. XHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema U.S. Manufacturing & Reshoring ETF (WELD) and SPDR S&P Homebuilders ETF (XHB). 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*: —

XHB

• 1D: -2.30%
• 1M: 1.00%
• 6M: -5.23%
• YTD: 5.45%
• 1Y: 6.36%
• 3Y*: 9.43%
• 5Y*: 9.69%
• 10Y*: 12.82%

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

WELD vs. XHB - Yearly Performance Comparison

	2026 (YTD)
WELD Tema U.S. Manufacturing & Reshoring ETF	-11.04%
XHB SPDR S&P Homebuilders ETF	-2.37%

Correlation

The correlation between WELD and XHB is 0.57, 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	0.57

WELD vs. XHB - Sectors Allocation Comparison

Sectors	WELD	XHB
Industrials	73.5%	20.3%
Technology	12.9%	-
Basic Materials	8.5%	14.4%
Consumer Cyclical	3.0%	61.8%
Energy	1.0%	-
Communication Services	-	-
Consumer Defensive	-	3.5%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	1.1%
Utilities	-	-

Return for Risk

WELD vs. XHB — 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.

XHB

XHB Risk / Return Rank: 14
XHB Sharpe Ratio Rank: 13
XHB Sortino Ratio Rank: 15
XHB Omega Ratio Rank: 13
XHB Calmar Ratio Rank: 14
XHB Martin Ratio Rank: 13

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. XHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and SPDR S&P Homebuilders ETF (XHB). 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	XHB	Difference
Sharpe ratio: Return per unit of total volatility	—	0.22	—
Sortino ratio: Return per unit of downside risk	—	0.58	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.29	—
Martin ratio: Return relative to average drawdown	—	0.59	—

Drawdowns

WELD vs. XHB - Drawdown Comparison

The maximum WELD drawdown since its inception was -11.04%, smaller than the maximum XHB drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for WELD and XHB.

Drawdown Indicators

	WELD	XHB	Difference
Max Drawdown Largest peak-to-trough decline	-11.04%	-81.61%	+70.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.57%	—
Current Drawdown Current decline from peak	-11.04%	-12.68%	+1.64%
Average Drawdown Average peak-to-trough decline	-7.35%	-27.51%	+20.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.83%	—

Volatility

Volatility by Period

	WELD	XHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.23%	28.56%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.23%	27.99%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	27.55%	+5.68%

WELD vs. XHB - Expense Ratio Comparison

WELD has a 0.75% expense ratio, which is higher than XHB's 0.35% expense ratio.

Dividends

WELD vs. XHB - Dividend Comparison

WELD has not paid dividends to shareholders, while XHB's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XHB SPDR S&P Homebuilders ETF	0.60%	0.78%	0.59%	0.77%	1.06%	0.51%	0.73%	0.89%	1.25%	0.72%	0.67%	0.50%

Frequently Asked Questions

Can I hold both WELD and XHB in my portfolio?

WELD and XHB have a correlation of 0.57, 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 XHB?

On fees, XHB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WELD or XHB?

XHB is cheaper with a 0.35% expense ratio, compared with 0.75% for WELD.

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

XHB has the higher dividend yield at 0.60%, compared with 0.00% for WELD.

What is the main difference between WELD and XHB?

WELD is categorized as Industrials Equities, while XHB is Building & Construction. They also come from different issuers: Tema and State Street. Their fees differ too: 0.75% for WELD and 0.35% for XHB.