ARMY vs REFA

Comparison between Tema International Defense ETF (ARMY, ETF) and COLUMBIA RESEARCH ENHANCED INTERNATIONAL EQUITY ETF (REFA, ETF).

ARMY vs REFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ARMY(ETF)	REFA(ETF)
Net Assets	$5.60M	$5.60M
Expense Ratio	0.68%	0.32%
Max Drawdown	16.37%	32.28%
Sharpe Ratio	-0.58	-0.28
5Y Beta	1.02	1.05
5Y Dividends CAGR	N/A	-50.57%

Net Assets

ARMY

$5.60M

REFA

$5.60M

Expense Ratio

ARMY

0.68%

Winner

REFA

0.32%

Max Drawdown

Winner

ARMY

16.37%

REFA

32.28%

Sharpe Ratio

ARMY

-0.58

Winner

REFA

-0.28

5Y Beta

Winner

ARMY

1.02

REFA

1.05

5Y Dividends CAGR

ARMY

N/A

REFA

-50.57%

ARMY vs REFA - Historical Returns

Returns include dividend reinvestment.

Period	ARMY	REFA
1 month	+0.19%	-0.06%
3 months	-7.91%	+4.16%
6 months	N/A	+7.39%
5 years(CAGR)	N/A	-1.61%
10 years(CAGR)	N/A	-0.24%
Max(CAGR)	-17.82%	-0.24%

Winner

ARMY

+0.19%

REFA

-0.06%

ARMY

-7.91%

Winner

REFA

+4.16%

ARMY

N/A

REFA

+7.39%

5Y(CAGR)

ARMY

N/A

REFA

-1.61%

10Y(CAGR)

ARMY

N/A

REFA

-0.24%

Max(CAGR)

ARMY

-17.82%

Winner

REFA

-0.24%

ARMY vs REFA - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	ARMY	REFA
2026	-5.84%	+9.62%
2025	N/A	+0.53%
2020	N/A	-2.78%
2019	N/A	+16.54%
2018	N/A	-15.95%
2017	N/A	+12.46%

ARMY vs REFA Drawdown Comparison

The maximum drawdown for ARMY was -16.37%, occurring on Jun 26, 2026. This drawdown has not yet recovered.

The maximum drawdown for REFA was -27.93%, occurring on Dec 17, 2025. This drawdown has not yet recovered.

The current ARMY drawdown is -11.89%. The current REFA drawdown is -18.75%.

Rank	ARMY	REFA
#1	-16.37% Apr 8, 2026 - Jun 26, 2026	-27.93% Jan 26, 2018 - Dec 17, 2025
#2	-1.24% Apr 6, 2026 - Apr 8, 2026	-2.46% Nov 1, 2017 - Nov 30, 2017
#3	N/A	-1.26% Aug 8, 2017 - Sep 7, 2017
#4	N/A	-1.13% Nov 30, 2017 - Dec 12, 2017
#5	N/A	-0.98% Oct 24, 2017 - Nov 1, 2017
#6	N/A	-0.72% Dec 13, 2017 - Dec 19, 2017
#7	N/A	-0.65% Oct 16, 2017 - Oct 24, 2017
#8	N/A	-0.64% Sep 22, 2017 - Sep 29, 2017
#9	N/A	-0.40% Jan 17, 2018 - Jan 19, 2018
#10	N/A	-0.36% Sep 29, 2017 - Oct 10, 2017
#11	N/A	-0.20% Jan 24, 2018 - Jan 26, 2018
#12	N/A	-0.14% Dec 19, 2017 - Dec 21, 2017
#13	N/A	-0.14% Jan 12, 2018 - Jan 17, 2018
#14	N/A	-0.13% Jan 8, 2018 - Jan 11, 2018
#15	N/A	-0.11% Sep 12, 2017 - Sep 19, 2017

Correlation

Correlation between ARMY and REFA is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101