XOVR vs. NASA

Last updated Aug 4, 2026

XOVR (ERShares Private-Public Crossover ETF) and NASA (Tema Space Innovators ETF) are both exchange-traded funds - XOVR is a Large Cap Growth Equities fund actively managed by ERShares, while NASA is a Aerospace & Defense fund actively managed by Tema. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

XOVR vs. NASA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ERShares Private-Public Crossover ETF (XOVR) and Tema Space Innovators ETF (NASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XOVR

• 1D: 3.44%
• 1M: -8.38%
• 6M: 4.57%
• YTD: -4.47%
• 1Y: -0.88%
• 3Y*: 16.81%
• 5Y*: 3.37%
• 10Y*: —
• ALL TIME*: 9.77%

NASA

• 1D: 5.69%
• 1M: -21.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NASA Tema Space Innovators ETF	$29.16M	$43.00M	$221.75M
XOVR ERShares Private-Public Crossover ETF	$32.19M	$37.02M	$109.67M

XOVR vs. NASA - Yearly Performance Comparison

	2026 (YTD)
XOVR ERShares Private-Public Crossover ETF	17.10%
NASA Tema Space Innovators ETF	-5.19%

Correlation

The correlation between XOVR and NASA is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.60

Return for Risk

XOVR vs. NASA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XOVR

XOVR Risk / Return Rank: 11
XOVR Sharpe Ratio Rank: 11
XOVR Sortino Ratio Rank: 11
XOVR Omega Ratio Rank: 11
XOVR Calmar Ratio Rank: 11
XOVR Martin Ratio Rank: 11

NASA

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOVR vs. NASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) and Tema Space Innovators ETF (NASA). 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.

	XOVR	NASA	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	—	—
Sortino ratio: Return per unit of downside risk	0.11	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.04	—	—
Martin ratio: Return relative to average drawdown	-0.08	—	—

Drawdowns

XOVR vs. NASA - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, which is greater than NASA's maximum drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for XOVR and NASA.

Drawdown Indicators

	XOVR	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-50.97%	-5.31%
Max Drawdown (1Y) Largest decline over 1 year	-24.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.35%	—	—
Current Drawdown Current decline from peak	-11.38%	-45.45%	+34.07%
Average Drawdown Average peak-to-trough decline	-18.21%	-18.19%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.53%	—	—

Volatility

Volatility by Period

	XOVR	NASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.67%	65.96%	-42.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.68%	65.96%	-39.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.03%	65.96%	-38.93%

XOVR vs. NASA - Expense Ratio Comparison

Both XOVR and NASA have an expense ratio of 0.75%.

Dividends

XOVR vs. NASA - Dividend Comparison

Neither XOVR nor NASA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NASA Tema Space Innovators ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both XOVR and NASA in my portfolio?

XOVR and NASA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOVR or NASA?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOVR or NASA?

XOVR and NASA have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, XOVR or NASA?

XOVR and NASA have nearly identical dividend yields, around 0.00%.

What is the main difference between XOVR and NASA?

XOVR is categorized as Large Cap Growth Equities, while NASA is Aerospace & Defense. They also come from different issuers: ERShares and Tema.