CZAR vs. WISE

Last updated Aug 2, 2026

CZAR (Themes Natural Monopoly ETF) and WISE (Themes Generative Artificial Intelligence ETF) are both exchange-traded funds - CZAR is a Large Cap Blend Equities fund tracking the Solactive Natural Monopoly Index - Benchmark TR Gross, while WISE is a Artificial Intelligence fund tracking the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. Both are passively managed. Over the past year, CZAR returned 7.47% vs -3.15% for WISE. Their 0.50 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

CZAR vs. WISE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Natural Monopoly ETF (CZAR) and Themes Generative Artificial Intelligence ETF (WISE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CZAR achieves a 3.33% return, which is significantly higher than WISE's -12.05% return.

CZAR

• 1D: 0.00%
• 1M: 3.31%
• 6M: 2.62%
• YTD: 3.33%
• 1Y: 7.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.05%

WISE

• 1D: 2.08%
• 1M: -6.95%
• 6M: -9.01%
• YTD: -12.05%
• 1Y: -3.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.08%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CZAR Themes Natural Monopoly ETF	$4.24K	$4.35K	$3.75K
WISE Themes Generative Artificial Intelligence ETF	$174.31K	$417.19K	$446.26K

CZAR vs. WISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CZAR Themes Natural Monopoly ETF	3.33%	13.32%	10.92%	3.83%
WISE Themes Generative Artificial Intelligence ETF	-12.05%	5.88%	40.45%	6.93%

Correlation

The correlation between CZAR and WISE is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.50

The correlation between CZAR and WISE shifts across timeframes, from 0.40 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

CZAR vs. WISE - Sectors Allocation Comparison

Sectors	CZAR	WISE
Technology	27.3%	91.3%
Industrials	21.3%	1.3%
Financial Services	17.8%	-
Healthcare	8.8%	0.8%
Consumer Cyclical	5.7%	3.5%
Consumer Defensive	4.9%	-
Communication Services	4.7%	2.9%
Energy	3.0%	-
Basic Materials	2.8%	-
Utilities	2.5%	0.2%
Real Estate	0.2%	-

Return for Risk

CZAR vs. WISE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CZAR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WISE

WISE Risk / Return Rank: 9
WISE Sharpe Ratio Rank: 8
WISE Sortino Ratio Rank: 9
WISE Omega Ratio Rank: 9
WISE Calmar Ratio Rank: 8
WISE Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CZAR vs. WISE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Natural Monopoly ETF (CZAR) and Themes Generative Artificial Intelligence ETF (WISE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CZAR	WISE	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.16	+0.64
Sortino ratio: Return per unit of downside risk	0.76	0.01	+0.75
Omega ratio: Gain probability vs. loss probability	1.09	1.00	+0.09
Calmar ratio: Return relative to maximum drawdown	0.61	-0.16	+0.78
Martin ratio: Return relative to average drawdown	1.73	-0.34	+2.08

CZAR vs. WISE - Sharpe Ratio Comparison

The current CZAR Sharpe Ratio is 0.48, which is higher than the WISE Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of CZAR and WISE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CZAR vs. WISE - Drawdown Comparison

The maximum CZAR drawdown since its inception was -13.38%, smaller than the maximum WISE drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for CZAR and WISE.

Drawdown Indicators

	CZAR	WISE	Difference
Max Drawdown Largest peak-to-trough decline	-13.38%	-39.15%	+25.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-34.08%	+24.54%
Current Drawdown Current decline from peak	0.00%	-25.13%	+25.13%
Average Drawdown Average peak-to-trough decline	-2.27%	-12.32%	+10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	16.22%	-12.85%

Volatility

CZAR vs. WISE - Volatility Comparison

The current volatility for Themes Natural Monopoly ETF (CZAR) is 3.48%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 11.38%. This indicates that CZAR experiences smaller price fluctuations and is considered to be less risky than WISE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZAR	WISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	11.38%	-7.90%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	27.21%	-17.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	34.88%	-22.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	34.01%	-19.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	34.01%	-19.16%

CZAR vs. WISE - Expense Ratio Comparison

Both CZAR and WISE have an expense ratio of 0.35%.

Dividends

CZAR vs. WISE - Dividend Comparison

CZAR has not paid dividends to shareholders, while WISE's dividend yield for the trailing twelve months is around 4.69%.

Position	TTM	2025	2024
CZAR Themes Natural Monopoly ETF	1.42%	1.47%	0.94%
WISE Themes Generative Artificial Intelligence ETF	4.69%	4.12%	0.00%

Frequently Asked Questions

Can I hold both CZAR and WISE in my portfolio?

CZAR and WISE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CZAR or WISE?

WISE has higher volatility (11.38%) compared to CZAR (3.48%). In terms of maximum drawdown, CZAR dropped -13.38% vs WISE's -39.15%.

Which ETF is better, CZAR or WISE?

On 1-year performance, CZAR leads with 7.47% vs -3.15% for WISE. Both ETFs have the same 0.35% expense ratio. On volatility, CZAR has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CZAR or WISE?

Over the 1-year period, CZAR has performed better with a 7.47% return vs -3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CZAR or WISE?

CZAR and WISE have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, CZAR or WISE?

WISE has the higher dividend yield at 4.69%, compared with 1.42% for CZAR.

What is the main difference between CZAR and WISE?

CZAR is categorized as Large Cap Blend Equities, while WISE is Artificial Intelligence. CZAR tracks Solactive Natural Monopoly Index - Benchmark TR Gross, while WISE tracks Solactive Generative Artificial Intelligence Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

CZAR currently has the higher Sharpe Ratio (0.48 vs -0.16), 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.