WELD vs. XLI
WELD (Tema U.S. Manufacturing & Reshoring ETF) and XLI (Industrial Select Sector SPDR Fund) are both Industrials Equities funds. WELD is actively managed, while XLI is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. WELD charges 0.75%/yr vs 0.08%/yr for XLI.
Performance
WELD vs. XLI - Performance Comparison
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Returns By Period
WELD
- 1D
- -2.82%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLI
- 1D
- -1.59%
- 1M
- 4.51%
- YTD
- 17.43%
- 6M
- 15.87%
- 1Y
- 25.03%
- 3Y*
- 21.54%
- 5Y*
- 13.81%
- 10Y*
- 14.83%
WELD vs. XLI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WELD Tema U.S. Manufacturing & Reshoring ETF | -5.19% |
XLI Industrial Select Sector SPDR Fund | 0.41% |
Correlation
The correlation between WELD and XLI 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. XLI — Risk / Return Rank
WELD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLI
WELD vs. XLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and Industrial Select Sector SPDR Fund (XLI). 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 | XLI | 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 | — | 2.16 | — |
| Martin ratioReturn relative to average drawdown | — | 8.51 | — |
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Drawdowns
WELD vs. XLI - Drawdown Comparison
The maximum WELD drawdown since its inception was -6.34%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for WELD and XLI.
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Drawdown Indicators
| WELD | XLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.34% | -62.26% | +55.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.33% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.59% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -9.19% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.10% | — |
Volatility
WELD vs. XLI - Volatility Comparison
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Volatility by Period
| WELD | XLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.79% | 16.49% | +30.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.79% | 17.59% | +29.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.79% | 20.02% | +26.77% |
WELD vs. XLI - Expense Ratio Comparison
WELD has a 0.75% expense ratio, which is higher than XLI's 0.08% expense ratio.
Dividends
WELD vs. XLI - Dividend Comparison
WELD has not paid dividends to shareholders, while XLI's dividend yield for the trailing twelve months is around 1.14%.
| 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% |
XLI Industrial Select Sector SPDR Fund | 1.14% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
With a correlation of 0.90, WELD and XLI 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, XLI is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLI is cheaper with a 0.08% expense ratio, compared with 0.75% for WELD.
XLI has the higher dividend yield at 1.14%, compared with 0.00% for WELD.
They also come from different issuers: Tema and State Street. Their fees differ too: 0.75% for WELD and 0.08% for XLI.
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