WELD vs. XLII

Last updated Jul 18, 2026

WELD (Tema U.S. Manufacturing & Reshoring ETF) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - WELD is a Industrials Equities fund actively managed by Tema, while XLII is a Derivative Income fund actively managed by State Street. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. WELD charges 0.75%/yr vs 0.35%/yr for XLII.

Performance

WELD vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema U.S. Manufacturing & Reshoring ETF (WELD) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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*: —

XLII

• 1D: -0.07%
• 1M: 1.32%
• 6M: 8.40%
• YTD: 11.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WELD vs. XLII - Yearly Performance Comparison

	2026 (YTD)
WELD Tema U.S. Manufacturing & Reshoring ETF	-11.04%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	0.46%

Correlation

The correlation between WELD and XLII is 0.79, 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	0.79

WELD vs. XLII - Sectors Allocation Comparison

Sectors	WELD	XLII
Industrials	73.5%	93.8%
Technology	12.9%	5.9%
Basic Materials	8.5%	-
Consumer Cyclical	3.0%	0.3%
Energy	1.0%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	100.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WELD vs. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema U.S. Manufacturing & Reshoring ETF (WELD) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

WELD vs. XLII - Drawdown Comparison

The maximum WELD drawdown since its inception was -11.04%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for WELD and XLII.

Drawdown Indicators

	WELD	XLII	Difference
Max Drawdown Largest peak-to-trough decline	-11.04%	-10.10%	-0.94%
Current Drawdown Current decline from peak	-11.04%	-1.79%	-9.25%
Average Drawdown Average peak-to-trough decline	-7.35%	-1.28%	-6.07%

Volatility

Volatility by Period

	WELD	XLII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.23%	12.09%	+21.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.23%	12.09%	+21.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	12.09%	+21.14%

WELD vs. XLII - Expense Ratio Comparison

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

Dividends

WELD vs. XLII - Dividend Comparison

WELD has not paid dividends to shareholders, while XLII's dividend yield for the trailing twelve months is around 12.14%.

Position	TTM	2025
WELD Tema U.S. Manufacturing & Reshoring ETF	0.00%	0.00%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	12.14%	5.47%

Frequently Asked Questions

Can I hold both WELD and XLII in my portfolio?

WELD and XLII have a correlation of 0.79, 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 XLII?

On fees, XLII 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 XLII?

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

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

XLII has the higher dividend yield at 12.14%, compared with 0.00% for WELD.

What is the main difference between WELD and XLII?

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