ARMY vs SPY
Comparison between Tema International Defense ETF (ARMY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
ARMY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ARMY
$5.60M
Winner
SPY
$781B
Expense Ratio
ARMY
0.68%
Winner
SPY
0.09%
Max Drawdown
Winner
ARMY
16.37%
SPY
56.47%
Sharpe Ratio
ARMY
-0.58
Winner
SPY
1.25
5Y Beta
ARMY
1.02
Winner
SPY
1.00
P/E Ratio
ARMY
N/A
SPY
28.78
Forward P/E
ARMY
N/A
SPY
21.23
5Y Dividends CAGR
ARMY
N/A
SPY
6.00%
5Y EPS CAGR
ARMY
N/A
SPY
25.62%
Debt to Equity
ARMY
N/A
SPY
31.92%
P/S Ratio
ARMY
N/A
SPY
3.76
P/B Ratio
ARMY
N/A
SPY
5.64
ARMY vs SPY - Holdings Comparison
ARMY and SPY have 8 common holdings. Overlap is 1.62%
ARMY's top 25 holdings weight is 88.43%. SPY's top 25 holdings weight is 51.74%.
| Rank | ARMY | SPY |
|---|---|---|
| #1 | ELBIT SYSTEMS LTD (n/a) - 5.74% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | KONGSBERG GRUPPEN ASA (n/a) - 4.73% | APPLE INC (AAPL) - 7.37% |
| #3 | ROCKET LAB CORP (RKLB) - 4.51% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | CHEMRING GROUP PLC (n/a) - 4.47% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | BAE SYSTEMS PLC (n/a) - 4.45% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | DASSAULT AVIATION SA (n/a) - 4.16% | BROADCOM INC (AVGO) - 2.86% |
| #7 | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 4.15% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 4.11% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | SAAB AB CLASS B (n/a) - 4.07% | TESLA INC (TSLA) - 1.70% |
| #10 | HENSOLDT AG ORDINARY SHARES (n/a) - 4.06% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | QINETIQ GROUP PLC (n/a) - 4.02% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | AIRBUS SE (n/a) - 4.01% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | INDRA SISTEMAS SA SHS CLASS -A- (n/a) - 3.92% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | THALES (n/a) - 3.76% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | BABCOCK INTERNATIONAL GROUP PLC (n/a) - 3.38% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | MTU AERO ENGINES AG (n/a) - 3.25% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | SAFRAN SA (n/a) - 3.19% | VISA INC CLASS A (V) - 0.90% |
| #18 | RENK GROUP AG (n/a) - 3.10% | WALMART INC (WMT) - 0.76% |
| #19 | FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 2.72% | INTEL CORP (INTC) - 0.75% |
| #20 | TKMS AG & CO KGAA (n/a) - 2.69% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | RHEINMETALL AG (n/a) - 2.44% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 2.17% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | CSG NV (n/a) - 1.92% | ABBVIE INC (ABBV) - 0.66% |
| #24 | LOCKHEED MARTIN CORP (LMT) - 1.76% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | AEROVIRONMENT INC (AVAV) - 1.65% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 34 | 505 |
ARMY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ARMY
+0.19%
Winner
SPY
+0.52%
3M
ARMY
-7.91%
Winner
SPY
+6.55%
6M
ARMY
N/A
SPY
+9.76%
1Y
ARMY
N/A
SPY
+20.32%
5Y(CAGR)
ARMY
N/A
SPY
+13.01%
10Y(CAGR)
ARMY
N/A
SPY
+15.06%
Max(CAGR)
ARMY
-17.82%
Winner
SPY
+8.50%
ARMY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ARMY | SPY |
|---|---|---|
| 2026 | -5.84% | +10.11% |
| 2025 | N/A | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ARMY vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ARMY drawdown is -11.89%. The current SPY drawdown is -1.24%.
| Rank | ARMY | SPY |
|---|---|---|
| #1 | -16.37% Apr 8, 2026 - Jun 26, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -1.24% Apr 6, 2026 - Apr 8, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | N/A | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | N/A | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | N/A | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | N/A | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | N/A | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ARMY and SPY is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.11
-101
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