NITE vs WELD
The Nightview Fund ETF vs Tema US Manufacturing & Reshoring ETF
Which is better, NITE or WELD?
WELD has been ahead.
WELD has a lower expense ratio. WELD led over 1Y. WELD is less concentrated, with 60.8% of the fund in its ten largest positions against 69.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NITE | WELD |
|---|---|---|
| Expense Ratio | 1.25% | 0.75%Best |
| AUM | $35M | $270M |
| Dividend Yield | 0.00% | 0.25% |
| Holdings | 38 | 94 |
| YTD Return | +4.15%Best | -16.87% |
| 1Y Return | +10.11% | - |
| Top 10 Weight | 69.0% | 60.8%Best |
| Fund Family | Nightview Capital | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 21, 2024 | May 10, 2023 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
NITE vs WELD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NITE vs WELD Performance
The Nightview Fund ETF (NITE) is an ETF from Nightview Capital and Tema US Manufacturing & Reshoring ETF (WELD) is an ETF from Tema Global Limited. Year to date, NITE is up 4.15% versus a loss of 16.87% for WELD.
Past performance does not guarantee future results.
Fees and Cost Over Time
NITE charges 1.25% per year while WELD charges 0.75%. On a $10,000 position that is $125 vs $75 annually, a gap of $50 per year that compounds over a long holding period. On income, NITE currently yields 0.00% against 0.25% for WELD.
Holdings Overlap
We hold position weights for 19 holdings in NITE and 42 in WELD, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 19 positions we hold weights for in NITE and 42 in WELD, against full books of 38 and 94.
What only one of them owns
Our book lists 8 positions for WELD that do not appear in our book for NITE (41.1% of the fund), and 19 for NITE that do not appear in WELD (99.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of NITE and WELD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NITE or WELD?
NITE has an expense ratio of 1.25% while WELD charges 0.75%. WELD is the cheaper option, by $50 a year on a $10,000 investment.
Which pays a higher dividend, NITE or WELD?
NITE yields 0.00% while WELD yields 0.25%, so WELD currently pays the higher dividend yield.
Is WELD better than NITE?
WELD has a lower expense ratio. WELD led over 1Y. WELD is less concentrated, with 60.8% of the fund in its ten largest positions against 69.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.