DUDE vs. WIZ
Compare and contrast key facts about Merlyn.AI SectorSurfer Momentum ETF (DUDE) and Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ).
DUDE and WIZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DUDE is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the MAI SectorSurfer Momentum Index. It was launched on Dec 30, 2020. WIZ is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the MAI Bull-Rider Bear-Fighter Index. It was launched on Oct 16, 2019. Both DUDE and WIZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DUDE or WIZ.
Key characteristics
| DUDE | WIZ |
|---|
Correlation
The correlation between DUDE and WIZ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DUDE vs. WIZ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DUDE vs. WIZ - Expense Ratio Comparison
DUDE has a 1.32% expense ratio, which is higher than WIZ's 1.25% expense ratio.
Risk-Adjusted Performance
DUDE vs. WIZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Merlyn.AI SectorSurfer Momentum ETF (DUDE) and Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ). 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.
Dividends
DUDE vs. WIZ - Dividend Comparison
Neither DUDE nor WIZ has paid dividends to shareholders.
| TTM | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
DUDE Merlyn.AI SectorSurfer Momentum ETF | 0.35% | 6.21% | 0.29% | 0.00% | 0.00% |
WIZ Merlyn.AI Bull-Rider Bear-Fighter ETF | 0.94% | 4.17% | 0.47% | 0.70% | 0.14% |
Drawdowns
DUDE vs. WIZ - Drawdown Comparison
Volatility
DUDE vs. WIZ - Volatility Comparison
The current volatility for Merlyn.AI SectorSurfer Momentum ETF (DUDE) is 0.00%, while Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) has a volatility of 0.00%. This indicates that DUDE experiences smaller price fluctuations and is considered to be less risky than WIZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.