AIVI vs. CMCL

Last updated Jun 9, 2026

AIVI (WisdomTree International Al Enhanced Value Fund) is Foreign Large Cap Equities fund actively managed by WisdomTree, while CMCL (Caledonia Mining Corporation Plc) is a stock. Over the past 5 years, AIVI returned 9.71%/yr vs 11.37%/yr for CMCL. At a 0.27 correlation, their price movements are largely independent.

Performance

AIVI vs. CMCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Al Enhanced Value Fund (AIVI) and Caledonia Mining Corporation Plc (CMCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVI achieves a 8.15% return, which is significantly higher than CMCL's -23.85% return.

AIVI

• 1D: 0.24%
• 1M: -1.93%
• YTD: 8.15%
• 6M: 12.25%
• 1Y: 21.28%
• 3Y*: 17.67%
• 5Y*: 9.71%
• 10Y*: 8.74%

CMCL

• 1D: -1.30%
• 1M: -17.18%
• YTD: -23.85%
• 6M: -17.45%
• 1Y: 8.42%
• 3Y*: 16.31%
• 5Y*: 11.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVI vs. CMCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVI WisdomTree International Al Enhanced Value Fund	8.15%	38.68%	2.07%	18.11%	-9.78%	9.33%	-1.28%	17.55%	-9.25%	8.17%
CMCL Caledonia Mining Corporation Plc	-23.85%	186.75%	-18.90%	2.65%	11.39%	-23.84%	93.29%	67.37%	-26.33%	20.43%

Correlation

The correlation between AIVI and CMCL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017	0.27

The correlation between AIVI and CMCL shifts across timeframes, from 0.27 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AIVI vs. CMCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVI

AIVI Risk / Return Rank: 48
AIVI Sharpe Ratio Rank: 51
AIVI Sortino Ratio Rank: 50
AIVI Omega Ratio Rank: 50
AIVI Calmar Ratio Rank: 44
AIVI Martin Ratio Rank: 46

CMCL

CMCL Risk / Return Rank: 46
CMCL Sharpe Ratio Rank: 47
CMCL Sortino Ratio Rank: 47
CMCL Omega Ratio Rank: 46
CMCL Calmar Ratio Rank: 47
CMCL Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVI vs. CMCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Al Enhanced Value Fund (AIVI) and Caledonia Mining Corporation Plc (CMCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIVI	CMCL	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.13	+1.47
Sortino ratio: Return per unit of downside risk	2.23	0.61	+1.61
Omega ratio: Gain probability vs. loss probability	1.28	1.08	+0.21
Calmar ratio: Return relative to maximum drawdown	1.96	0.18	+1.78
Martin ratio: Return relative to average drawdown	6.84	0.35	+6.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVI vs. CMCL - Sharpe Ratio Comparison

The current AIVI Sharpe Ratio is 1.60, which is higher than the CMCL Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of AIVI and CMCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIVI	CMCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	0.13	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.22	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.33	-0.10

Drawdowns

AIVI vs. CMCL - Drawdown Comparison

The maximum AIVI drawdown since its inception was -65.98%, roughly equal to the maximum CMCL drawdown of -65.77%. Use the drawdown chart below to compare losses from any high point for AIVI and CMCL.

Drawdown Indicators

	AIVI	CMCL	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-65.77%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-46.89%	+35.97%
Max Drawdown (3Y) Largest decline over 3 years	-11.71%	-46.89%	+35.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.05%	-50.00%	+21.95%
Max Drawdown (10Y) Largest decline over 10 years	-35.42%	—	—
Current Drawdown Current decline from peak	-3.81%	-46.89%	+43.08%
Average Drawdown Average peak-to-trough decline	-15.53%	-35.78%	+20.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	24.39%	-21.27%

Volatility

AIVI vs. CMCL - Volatility Comparison

The current volatility for WisdomTree International Al Enhanced Value Fund (AIVI) is 3.77%, while Caledonia Mining Corporation Plc (CMCL) has a volatility of 13.82%. This indicates that AIVI experiences smaller price fluctuations and is considered to be less risky than CMCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVI	CMCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	13.82%	-10.05%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	47.23%	-36.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	65.15%	-51.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	52.69%	-37.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	54.58%	-38.10%

Dividends

AIVI vs. CMCL - Dividend Comparison

AIVI's dividend yield for the trailing twelve months is around 4.26%, more than CMCL's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.26%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
CMCL Caledonia Mining Corporation Plc	2.84%	2.14%	5.95%	4.59%	4.52%	4.29%	2.11%	3.27%	5.23%	1.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVI and CMCL in my portfolio?

AIVI and CMCL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVI or CMCL?

CMCL has higher volatility (13.82%) compared to AIVI (3.77%). In terms of maximum drawdown, AIVI dropped -65.98% vs CMCL's -65.77%.

Which has better risk-adjusted returns?

AIVI currently has the higher Sharpe Ratio (1.60 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.