LEGR vs. WISE
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Themes Generative Artificial Intelligence ETF (WISE).
LEGR and WISE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEGR is a passively managed fund by First Trust that tracks the performance of the Indxx Blockchain Index. It was launched on Jan 24, 2018. WISE is a passively managed fund by Themes that tracks the performance of the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. It was launched on Dec 7, 2023. Both LEGR and WISE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LEGR vs. WISE - Performance Comparison
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LEGR vs. WISE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | -2.67% | 30.83% | 16.25% | 5.00% |
WISE Themes Generative Artificial Intelligence ETF | -17.46% | 5.88% | 40.45% | 7.55% |
Returns By Period
In the year-to-date period, LEGR achieves a -2.67% return, which is significantly higher than WISE's -17.46% return.
LEGR
- 1D
- 2.90%
- 1M
- -5.47%
- YTD
- -2.67%
- 6M
- 3.46%
- 1Y
- 20.85%
- 3Y*
- 18.46%
- 5Y*
- 9.89%
- 10Y*
- —
WISE
- 1D
- 6.58%
- 1M
- -5.41%
- YTD
- -17.46%
- 6M
- -23.35%
- 1Y
- 9.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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LEGR vs. WISE - Expense Ratio Comparison
LEGR has a 0.65% expense ratio, which is higher than WISE's 0.35% expense ratio.
Return for Risk
LEGR vs. WISE — Risk / Return Rank
LEGR
WISE
LEGR vs. WISE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.
| LEGR | WISE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.26 | +1.01 |
Sortino ratioReturn per unit of downside risk | 1.76 | 0.63 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.26 | +1.43 |
Martin ratioReturn relative to average drawdown | 6.89 | 0.71 | +6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LEGR | WISE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.26 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.39 | +0.13 |
Correlation
The correlation between LEGR and WISE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LEGR vs. WISE - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 1.92%, less than WISE's 5.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.92% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
WISE Themes Generative Artificial Intelligence ETF | 5.00% | 4.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEGR vs. WISE - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum WISE drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for LEGR and WISE.
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Drawdown Indicators
| LEGR | WISE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -39.15% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -34.08% | +21.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | — | — |
Current DrawdownCurrent decline from peak | -7.62% | -29.74% | +22.12% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -11.56% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 12.31% | -9.23% |
Volatility
LEGR vs. WISE - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 6.49%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 11.63%. This indicates that LEGR 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.
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Volatility by Period
| LEGR | WISE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 11.63% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 25.30% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 35.72% | -19.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 33.41% | -16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 33.41% | -13.02% |