WELD - ETF AI Analysis
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Tema U.S. Manufacturing & Reshoring ETF (WELD)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, suggesting its reshoring and manufacturing theme has been working well for investors.
High-Performing Top Holdings
Several of the largest positions, including Powell Industries and other industrial names, have shown very strong performance, helping drive the fund’s overall returns.
Focused Exposure to U.S. Manufacturing
With most assets in U.S. companies tied to industrials and related sectors, the fund gives targeted exposure to the trend of domestic manufacturing and reshoring.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Sector Concentration in Industrials
A large majority of the portfolio is in industrial stocks, which increases risk if that sector faces a downturn.
Limited Geographic Diversification
The ETF is heavily concentrated in U.S. companies with only a small allocation abroad, offering little protection if the U.S. market or economy weakens.
WELD vs. SPDR S&P 500 ETF (SPY)
AUM295.96M
RegionNorth America
Expense Ratio0.75%
Beta1.07
IssuerTema
Inception DateMay 10, 2023
Dividend Yield0.22%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume37,450
30 Day Avg. Volume47,702
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
70.07Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering24
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
WELD Summary
WELD is the Tema U.S. Manufacturing & Reshoring ETF, focused on American industrial companies that are bringing factories and jobs back to the U.S. It doesn’t track a traditional index, but follows the reshoring theme, holding firms that support local production and supply chains. Well-known names include Caterpillar and Eaton, along with other machinery and materials companies. Investors might consider WELD for growth potential tied to U.S. manufacturing and for diversification within industrial and related sectors. A key risk is that it’s heavily concentrated in industrial stocks, so its value can rise or fall sharply with the manufacturing economy.
How much will it cost me?The Tema American Reshoring ETF (RSHO) has an expense ratio of 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on a specific niche within the industrial sector to capitalize on reshoring trends.
What would affect this ETF?The Tema American Reshoring ETF (RSHO) could benefit from trends like increased government support for domestic manufacturing, supply chain shifts favoring local production, and advancements in industrial technology. However, it may face challenges from rising interest rates, which can increase borrowing costs for industrial companies, or economic slowdowns that reduce demand for manufacturing investments. Its focus on U.S. industrials and top holdings like Caterpillar and Rockwell Automation makes it sensitive to both policy changes and broader economic conditions in the U.S.
WELD Top 10 Holdings
This reshoring-focused ETF leans heavily into U.S. industrial champions, with Timken and ATI acting as key engines of performance thanks to their rising momentum and strength in aerospace and manufacturing. Powell Industries, despite a stellar run this year, has recently lost some steam, while Cognex and Caterpillar have seen more mixed, sometimes lagging action that can tug on returns. Eaton and Terex add steady, if unspectacular, support. Overall, the fund is firmly anchored in U.S. industrials, with a dash of tech automation, making it a concentrated bet on America’s manufacturing comeback.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Timken Company | 7.40% | $22.01M | $9.03B | 70.69% | 76 Outperform | |
| Cognex | 7.38% | $21.96M | $11.25B | 59.03% | 70 Outperform | |
| Gates Industrial | 6.90% | $20.54M | $7.15B | 19.93% | 65 Neutral | |
| Applied Industrial Technologies | 6.77% | $20.16M | $13.30B | 36.30% | 74 Outperform | |
| Terex | 6.43% | $19.15M | $7.74B | 36.78% | 71 Outperform | |
| Parker Hannifin | 5.92% | $17.61M | $135.40B | 45.14% | 79 Outperform | |
| Powell Industries | 5.81% | $17.30M | $7.71B | 134.74% | 76 Outperform | |
| ATI | 5.58% | $16.62M | $31.03B | 212.93% | 78 Outperform | |
| Eaton | 5.40% | $16.08M | $174.27B | 23.56% | 75 Outperform | |
| Caterpillar | 4.78% | $14.23M | $387.13B | 105.02% | 76 Outperform |
WELD Technical Analysis
Positive
―
Price Trends
58.83
Negative
56.71
Positive
52.13
Positive
Market Momentum
-0.03
Negative
51.64
Neutral
68.69
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For WELD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 57.63, equal to the 50-day MA of 58.83, and equal to the 200-day MA of 52.13, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.64 is Neutral, neither overbought nor oversold. The STOCH value of 68.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WELD.
WELD Peer Comparison
Comparison Results
Performance Comparison
WELD
Tema U.S. Manufacturing & Reshoring ETF
58.41
16.50
39.37%
SAMT
Strategas Macro Thematic Opportunities ETF
―
―
―
GTOP
Goldman Sachs Technology Opportunities ETF
―
―
―
IETC
iShares Evolved US Technology ETF
―
―
―
PINK
Simplify Health Care ETF
―
―
―
IYRI
NEOS Real Estate High Income ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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