RSHO
Tema American Reshoring ETF
RSHO actively manages a narrow portfolio of US stocks that are anticipated to benefit from deglobalization. The funds adviser combines a top-down and bottom-up approach to selecting and weighting fund holdings.
US
EQUITY
Active
MANAGEMENT STYLE
$ 242.6 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | May 11, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TIMKEN CO | 7.0 % |
| COGNEX CORP | 6.4 % |
| POWELL INDUSTRIES INC | 6.4 % |
| CATERPILLAR INC | 6.1 % |
| GATES INDUSTRIAL CORPORATION PLC | 5.5 % |
| EATON CORP PLC | 5.5 % |
| TEREX CORP | 5.1 % |
| APPLIED INDUSTRIAL TECH INC | 5.0 % |
| ALLEGHENY TECHNOLOGIES INC | 5.0 % |
| LINDE PLC | 4.8 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 474 |
| Wgt avg mkt cap (mns) | $53,196 |
| Large cap (>$10bn) | 48.6% |
| Mid cap ($2-10bn) | 50.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 79.5 % |
 |
IRELAND | 7.3 % |
 |
BRITAIN | 4.8 % |
 |
TAIWAN | 3.4 % |
 |
SWITZERLAND | 3.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.0% | 49.0% | 26.2% | -- | -- | -- | -- | 32.3% |
| Dividend Yield | 0.0% | 0.4% | 0.3% | -- | -- | -- | -- | 0.4% |
| Total Returns | 23.0% | 49.4% | 26.6% | -- | -- | -- | -- | 32.6% | Ann. Volatility | 21.9% | 24.6% | 22.3% | -- | -- | -- | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 72% |
| MSCI EAFE | 1.13 | 58% |
| MSCI Emg Mkts | 0.96 | 50% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $2 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $50.66 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.66/-0.57 |
| Bollinger Bands (Upper/Lower) | $53.74/$47.21 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RSHO |
Expenses vs. RSHO |
ALTAR Score™ vs. RSHO |
|---|---|---|---|---|
| MADE | iShares U.S. Manufacturing ETF | 18.0% | -35 bp | -0.2% |
| VOLT | Tema Electrification ETF | 17.9% | 0 bp | -1.4% |
| HWAY | Themes US Infrastructure ETF | 16.7% | -46 bp | +0.9% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 16.5% | -26 bp | +1.5% |
| XLI | Industrial Select Sector SPDR | 16.4% | -67 bp | 0.0% |
| PAVE | Global X U.S. Infrastructure Development ETF | 14.1% | -28 bp | +0.3% |
| VIS | Vanguard Industrials ETF | 14.0% | -66 bp | 0.0% |
| FIDU | Fidelity MSCI Industrial Index ETF | 13.1% | -67 bp | -0.1% |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 12.8% | -17 bp | -3.3% |
| IYJ | iShares U.S. Industrials ETF | 11.4% | -35 bp | +0.3% |
Risk and Returns: RSHO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/2/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.5%
ALTAR SCORE™
28th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,197 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. RSHO's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places RSHO in the 28th percentile
among funds in the category.
Sell-Side Consensus
$57.38
PRICE TARGET
+13.3%
UPSIDE