HWAY vs MIDE
Comparison between THEMES US INFRASTRUCTURE ETF (HWAY, ETF) and XTRACKERS S&P MIDCAP 400 SCORED & SCREENED ETF (MIDE, ETF).
HWAY vs MIDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HWAY
$3.50M
MIDE
$3.50M
Expense Ratio
HWAY
0.29%
Winner
MIDE
0.15%
Max Drawdown
HWAY
26.12%
Winner
MIDE
25.10%
Sharpe Ratio
Winner
HWAY
1.26
MIDE
1.05
5Y Beta
HWAY
1.02
Winner
MIDE
0.98
P/E Ratio
HWAY
32.03
Winner
MIDE
24.07
Forward P/E
HWAY
23.07
Winner
MIDE
16.00
5Y Dividends CAGR
HWAY
N/A
MIDE
49.07%
5Y EPS CAGR
Winner
HWAY
17.13%
MIDE
12.79%
Debt to Equity
Winner
HWAY
30.99%
MIDE
41.07%
P/S Ratio
HWAY
2.63
Winner
MIDE
1.52
P/B Ratio
HWAY
4.80
Winner
MIDE
2.63
HWAY vs MIDE - Holdings Comparison
HWAY and MIDE have 26 common holdings. Overlap is 11.60%
HWAY's top 25 holdings weight is 72.46%. MIDE's top 25 holdings weight is 22.70%.
| Rank | HWAY | MIDE |
|---|---|---|
| #1 | CATERPILLAR INC (CAT) - 5.04% | TWILIO INC CLASS A (TWLO) - 1.25% |
| #2 | UNION PACIFIC CORP (UNP) - 4.89% | CARPENTER TECHNOLOGY CORP (CRS) - 1.22% |
| #3 | CSX CORP (CSX) - 4.85% | MKS INC (MKSI) - 1.20% |
| #4 | QUANTA SERVICES INC (PWR) - 4.84% | MCR EM S&P SC 400 SEP26 (n/a) - 1.11% |
| #5 | PARKER HANNIFIN CORP (PH) - 4.19% | ENTEGRIS INC (ENTG) - 1.09% |
| #6 | DEERE & CO (DE) - 4.02% | NVENT ELECTRIC PLC (NVT) - 1.09% |
| #7 | EMERSON ELECTRIC CO (EMR) - 3.99% | ILLUMINA INC (ILMN) - 1.06% |
| #8 | NORFOLK SOUTHERN CORP (NSC) - 3.83% | TECHNIPFMC PLC (FTI) - 1.05% |
| #9 | CRH PLC (CRH) - 3.63% | STERLING INFRASTRUCTURE INC (STRL) - 1.03% |
| #10 | UNITED RENTALS INC (URI) - 3.49% | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.99% |
| #11 | COMFORT SYSTEMS USA INC (FIX) - 3.25% | EVERPURE INC CLASS A (P) - 0.99% |
| #12 | W.W. GRAINGER INC (GWW) - 3.08% | UNITED THERAPEUTICS CORP (UTHR) - 0.92% |
| #13 | NUCOR CORP (NUE) - 2.82% | OKTA INC CLASS A (OKTA) - 0.91% |
| #14 | FASTENAL CO (FAST) - 2.74% | US FOODS HOLDING CORP (USFD) - 0.90% |
| #15 | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) - 2.31% | FABRINET (FN) - 0.81% |
| #16 | VULCAN MATERIALS CO (VMC) - 1.98% | TD SYNNEX CORP (SNX) - 0.80% |
| #17 | MARTIN MARIETTA MATERIALS INC (MLM) - 1.83% | BURLINGTON STORES INC (BURL) - 0.79% |
| #18 | EMCOR GROUP INC (EME) - 1.78% | n/a (n/a) - 0.72% |
| #19 | STEEL DYNAMICS INC (STLD) - 1.65% | EAST WEST BANCORP INC (EWBC) - 0.71% |
| #20 | XYLEM INC (XYL) - 1.56% | ITT INC (ITT) - 0.70% |
| #21 | DOVER CORP (DOV) - 1.49% | NEXTPOWER INC CLASS A (NXT) - 0.70% |
| #22 | CARPENTER TECHNOLOGY CORP (CRS) - 1.46% | WESCO INTERNATIONAL INC (WCC) - 0.67% |
| #23 | ATI INC (ATI) - 1.36% | NEUROCRINE BIOSCIENCES INC (NBIX) - 0.67% |
| #24 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.32% | ANNALY CAPITAL MANAGEMENT INC (NLY) - 0.66% |
| #25 | RELIANCE INC (RS) - 1.06% | SOMNIGROUP INTERNATIONAL INC (SGI) - 0.66% |
| Total Holdings | 100 | 277 |
HWAY vs MIDE - Historical Returns
Returns include dividend reinvestment.
1M
HWAY
-1.27%
Winner
MIDE
+0.38%
3M
HWAY
+4.46%
Winner
MIDE
+5.16%
6M
Winner
HWAY
+15.32%
MIDE
+10.33%
1Y
Winner
HWAY
+31.23%
MIDE
+22.19%
5Y(CAGR)
HWAY
N/A
MIDE
+8.88%
Max(CAGR)
Winner
HWAY
+26.09%
MIDE
+9.10%
HWAY vs MIDE - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | HWAY | MIDE |
|---|---|---|
| 2026 | +21.73% | +13.89% |
| 2025 | +20.79% | +10.31% |
| 2024 | +3.38% | +11.99% |
| 2023 | N/A | +15.56% |
| 2022 | N/A | -11.78% |
| 2021 | N/A | +11.78% |
HWAY vs MIDE Drawdown Comparison
The maximum drawdown for HWAY was -25.96%, occurring on Apr 8, 2025. Recovery took 164 trading sessions.
The maximum drawdown for MIDE was -24.60%, occurring on Apr 8, 2025. Recovery took 251 trading sessions.
The current HWAY drawdown is -3.65%. The current MIDE drawdown is -1.27%.
| Rank | HWAY | MIDE |
|---|---|---|
| #1 | -25.96% Nov 25, 2024 - Jul 25, 2025 | -24.60% Nov 25, 2024 - Nov 26, 2025 |
| #2 | -12.63% Feb 20, 2026 - Apr 23, 2026 | -23.32% Nov 15, 2021 - Dec 26, 2023 |
| #3 | -7.42% Jun 25, 2026 - Jul 20, 2026 | -9.36% Feb 10, 2026 - Apr 17, 2026 |
| #4 | -7.19% May 6, 2026 - Jun 15, 2026 | -7.87% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -5.78% Oct 29, 2025 - Dec 3, 2025 | -7.67% Mar 28, 2024 - Jul 15, 2024 |
| #6 | -3.97% Jul 25, 2025 - Aug 13, 2025 | -6.75% May 7, 2021 - Aug 27, 2021 |
| #7 | -3.77% Dec 11, 2025 - Jan 6, 2026 | -5.89% Mar 15, 2021 - Apr 12, 2021 |
| #8 | -3.51% Nov 6, 2024 - Nov 22, 2024 | -5.27% Aug 27, 2021 - Oct 20, 2021 |
| #9 | -3.47% Oct 8, 2025 - Oct 21, 2025 | -4.53% Feb 24, 2021 - Mar 10, 2021 |
| #10 | -3.12% Oct 18, 2024 - Nov 6, 2024 | -4.26% Dec 26, 2023 - Feb 12, 2024 |
| #11 | -2.79% Sep 19, 2024 - Oct 11, 2024 | -4.03% May 6, 2026 - May 26, 2026 |
| #12 | -2.43% Aug 22, 2025 - Sep 22, 2025 | -3.32% Oct 18, 2024 - Nov 6, 2024 |
| #13 | -2.39% Apr 23, 2026 - Apr 30, 2026 | -3.30% Nov 11, 2024 - Nov 22, 2024 |
| #14 | -2.29% Aug 13, 2025 - Aug 22, 2025 | -2.80% Jun 30, 2026 - Jul 8, 2026 |
| #15 | -2.19% Feb 11, 2026 - Feb 20, 2026 | -2.60% Dec 11, 2025 - Jan 6, 2026 |
Correlation
Correlation between HWAY and MIDE is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2021 - 2026)
HWAY vs MIDE dividend yield comparison.
| Year | HWAY | MIDE |
|---|---|---|
| 2026 | 0.00% | 0.43% |
| 2025 | 1.29% | 1.52% |
| 2024 | 0.22% | 1.45% |
| 2023 | 0.00% | 1.36% |
| 2022 | 0.00% | 1.33% |
| 2021 | 0.00% | 0.93% |
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