WELD - ETF AI Analysis
Top Page
Tema U.S. Manufacturing & Reshoring ETF (WELD)
WELD, the Tema U.S. Manufacturing & Reshoring ETF, has an overall rating that reflects generally solid quality driven by strong industrial leaders like Parker Hannifin and Ametek, which show robust financial performance and positive outlooks, especially in aerospace and advanced manufacturing. However, some holdings such as Gates Industrial and Novanta face challenges from weaker technical trends, valuation concerns, and restructuring or cash flow issues, and the fund’s focus on U.S. manufacturing and reshoring means investors are exposed to sector-specific and economic-cycle risks.
WELD vs. SPDR S&P 500 ETF (SPY)
- AUM
- 249.59M
- Region
- North America
- Expense Ratio
- 0.75%
- Beta
- 1.07
- Issuer
- Tema
- Inception Date
- May 10, 2023
- Dividend Yield
- 0.25%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
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 names like Eaton, Ametek, and Applied Industrial Technologies quietly powering returns as their shares keep rising on solid earnings and infrastructure demand. ATI and Powell Industries have been standout winners, riding strong aerospace and grid-upgrade themes, though their momentum has cooled a bit lately. On the flip side, Terex has been dragging the fund, and Timken and Cognex have seen more mixed, stop-and-go performance. Overall, it’s a U.S.-centric industrial story with a dash of tech-enabled manufacturing efficiency.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 TKR | Timken Company | 7.34% | $18.31M | $7.85B | 48.73% | 76Outperform |
 GTES | Gates Industrial | 7.27% | $18.15M | $6.61B | 2.61% | 65Neutral |
 PH | Parker Hannifin | 6.96% | $17.37M | $119.13B | 26.44% | 79Outperform |
 AIT | Applied Industrial Technologies | 7.10% | $17.73M | $12.45B | 30.96% | 74Outperform |
 CGNX | Cognex | 7.14% | $17.83M | $9.77B | 20.26% | 70Outperform |
 TEX | Terex | 5.71% | $14.24M | $6.07B | -3.49% | 71Outperform |
 IR | Ingersoll Rand | 5.48% | $13.68M | $30.49B | -0.63% | 69Neutral |
 AME | Ametek | 5.35% | $13.36M | $56.71B | 32.92% | 79Outperform |
 ATI | ATI | 5.12% | $12.78M | $24.93B | 114.29% | 78Outperform |
 ETN | Eaton | 4.69% | $11.70M | $148.36B | 5.48% | 75Outperform |
WELD Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For WELD, the sentiment is Negative. The current price of 52.21 is below the 20-day moving average (MA) of 53.25, below the 50-day MA of 54.13, and below the 200-day MA of 54.57, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 26.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WELD.
WELD Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| WELD | $52.21 | $63.00(20.67% Upside) | $249.59M | 0.75% | 74Outperform |
 GTOP | $49.57 | $63.30(27.69% Upside) | $713.59M | 0.65% | 74Outperform |
 FEPI | $41.52 | $54.58(31.45% Upside) | $726.14M | 0.65% | 71Outperform |
 IETC | $109.80 | $151.20(37.70% Upside) | $675.30M | 0.18% | 73Outperform |
 PINK | $39.32 | $49.15(24.99% Upside) | $325.80M | 0.51% | 65Neutral |
 IYRI | $45.61 | $53.59(17.50% Upside) | $302.76M | 0.68% | 69Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| WELD | Tema U.S. Manufacturing & Reshoring ETF | 52.21 | 8.25 | 18.77% | |
| GTOP | Goldman Sachs Technology Opportunities ETF | 49.57 | 9.57 | 23.93% | |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | 41.52 | 4.38 | 11.79% | |
| IETC | iShares Evolved US Technology ETF | 109.80 | 7.09 | 6.91% | |
| PINK | Simplify Health Care ETF | 39.32 | 6.57 | 20.05% | |
| IYRI | NEOS Real Estate High Income ETF | 45.61 | 0.12 | 0.27% |
This 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.