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HWAYvsRSHOETF Comparison

ETF 1
HWAY

Themes US Infrastructure ETF

This fund is part of
Infrastructure
+0.23%
Full HWAY fund page
VS
ETF 2
RSHO

Tema American Reshoring ETF

This fund is part of
US Multi-Factor
-0.15%
Full RSHO fund page

Themes US Infrastructure ETF (HWAY) belongs to the Infrastructure segment. Tema American Reshoring ETF (RSHO) is part of the US Multi-Factor segment. HWAY's top 3 sector exposures are Industrials, Materials and Consumer Discretionary. In contrast, RSHO's top sector exposures are Industrials, Materials and Information Technology. HWAY is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.99% for RSHO. HWAY is up 9.56% year-to-date (YTD) with +$689K in YTD flows. RSHO performs better with 15.19% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of HWAY and RSHO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HWAY vs RSHO performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M5 M10 M15 M20 M25 MFeb 11Feb 19Feb 26Mar 5

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
HWAY
RSHO
-7.23%-6.52%
+5.45%+10.43%
+9.56%+15.19%
+38.54%+48.14%
n/an/a
n/an/a
Flows
HWAY
RSHO
+$359K+$26M
+$1M+$40M
+$689K+$40M
+$1M-$15M
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
HWAY
RSHO
+20.43%+23.59%
+22.18%+23.18%
n/an/a
n/an/a
Max drawdown
HWAY
RSHO
-8.10%-9.98%
-13.68%-14.76%
n/an/a
n/an/a
Max drawdown duration
HWAY
RSHO
17d15d
37d37d
n/an/a
n/an/a
Trading data

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HWAY
RSHO
Last sale
3/12/2026 at 1:30 PM
$32.93
$49.32
Previous close
03/11/2026
$33.88
$50.84
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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RSHO
is actively managed and doesn’t replicate an index

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HWAY
RSHO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/12/2026 at 1:30 PM
Live
Closed
HWAY
RSHO
Last price
$32.93
$49.32
1D performance
-2.80%
-2.99%
AuM$2.71 M$246.38 M
E/R0.29%0.99%
Characteristics
HWAY
RSHO
Management strategyPassiveActive
ProviderThemes Management CompanyTema
BenchmarkSolactive United States Infrastructure Index-
N° of holdings9425
Asset class--
Trailing 12m distribution yield
Join
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Inception dateSeptember 12, 2024May 10, 2023
ESGNoNo
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Exposure

Countries

HWAY
USA
95.38%
Other
4.62%
RSHO
USA
80.01%
Ireland
9.14%
Other
10.85%

Sectors

HWAY
Industrials
76.48%
Materials
18.47%
Other
5.05%
RSHO
Industrials
67.41%
Materials
10.58%
Other
22.01%
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Diversification

HWAY

Total weight of top 15 holdings out of 15

57.24%
RSHO

Total weight of top 15 holdings out of 15

74.68%

Top 15 holdings

Data as of January 31, 2026
HWAY
CATERPILLAR
5.34%
PARKER HANNIFIN
5.08%
DEERE
4.78%
EMERSON ELECTRIC
4.70%
CRH PLC
4.32%
QUANTA SERVICES
4.26%
CSX
4.22%
UNION PACIFIC U
4.07%
NORFOLK SOUTHERN
3.97%
UNITED RENTALS
3.53%
FASTENAL
3.02%
WW GRAINGER
2.76%
COMFORT SYSTEMS USA
2.46%
NUCOR
2.37%
VULCAN MATERIALS
2.36%
RSHO
POWELL INDUSTRIES
6.88%
CATERPILLAR
6.07%
TIMKEN
6.01%
ROCKWELL AUTOMAT
5.97%
TEREX
5.48%
APPLIED INDUSTRIAL TECHNOLOGIES
5.08%
GATES INDUSTRIAL CORPORATION PLC
4.98%
ATI INC
4.84%
COGNEX
4.84%
INGERSOLL RAND INC
4.76%
PARKER HANNIFIN
4.39%
API GROUP CORP
4.20%
US78473E1038
3.94%
IE000S9YS762
3.82%
ABB
3.42%
Frequently asked questions about HWAY and RSHO

How have the HWAY and RSHO ETFs performed in 2026?

As of March 11, 2026, HWAY is up 9.56% year-to-date (YTD), while RSHO has returned 15.19%. That puts RSHO better performer ahead so far this year.

Which ETF is attracting more investor money: HWAY or RSHO?

Year-to-date, the HWAY ETF saw +$689K in flows, compared to +$40M for RSHO.

Which ETF is more volatile: HWAY or RSHO?

Over the past year, HWAY had a volatility of 22.18%, while RSHO experienced 23.18%.

Which ETF is bigger: HWAY or RSHO?

As of March 11, 2026, HWAY holds $2.71 M in assets under management (AUM), while RSHO manages $246.38 M.

What sectors do the HWAY and RSHO ETFs invest in?

HWAY leans toward sectors like Industrials and Materials. Meanwhile, RSHO focuses on Industrials and Materials.

What are the top holdings of the HWAY ETF and RSHO ETF?

HWAY top holdings include CATERPILLAR, PARKER HANNIFIN and DEERE. RSHO holds in its top three: POWELL INDUSTRIES, CATERPILLAR and TIMKEN.

Which ETF is more diversified: HWAY or RSHO?

HWAY holds 99 securities with 57.24% of its assets in the top 15. RSHO has 29 securities and a top 15 weight of 74.68%.

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