LEGR vs. WISE

Last updated Jun 4, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and WISE (Themes Generative Artificial Intelligence ETF) are both exchange-traded funds - LEGR is a Blockchain fund tracking the Indxx Blockchain Index, while WISE is a Technology Equities fund tracking the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. Both are passively managed. Over the past year, LEGR returned 30.64% vs 36.46% for WISE. A 0.68 correlation means they provide meaningful diversification when combined. LEGR charges 0.65%/yr vs 0.35%/yr for WISE.

Performance

LEGR vs. WISE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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, LEGR achieves a 12.39% return, which is significantly higher than WISE's 11.03% return.

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

WISE

• 1D: -3.13%
• 1M: 11.81%
• YTD: 11.03%
• 6M: 7.21%
• 1Y: 36.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LEGR vs. WISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	30.83%	16.25%	5.00%
WISE Themes Generative Artificial Intelligence ETF	11.03%	5.88%	40.45%	7.55%

Correlation

The correlation between LEGR and WISE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 11, 2023	0.68

The correlation between LEGR and WISE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

LEGR vs. WISE - Sectors Allocation Comparison

Sectors	LEGR	WISE
Financial Services	42.5%	-
Technology	27.3%	90.4%
Communication Services	8.9%	3.2%
Consumer Cyclical	8.5%	4.0%
Industrials	5.6%	1.5%
Utilities	2.1%	0.3%
Basic Materials	1.6%	-
Consumer Defensive	1.4%	-
Healthcare	1.3%	0.7%
Energy	0.8%	-
Real Estate	-	-

Return for Risk

LEGR vs. WISE — Risk / Return Rank

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

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

WISE

WISE Risk / Return Rank: 27
WISE Sharpe Ratio Rank: 31
WISE Sortino Ratio Rank: 30
WISE Omega Ratio Rank: 29
WISE Calmar Ratio Rank: 23
WISE Martin Ratio Rank: 21

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.

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 ratio: Return per unit of total volatility	2.26	1.14	+1.12
Sortino ratio: Return per unit of downside risk	3.10	1.64	+1.46
Omega ratio: Gain probability vs. loss probability	1.40	1.20	+0.20
Calmar ratio: Return relative to maximum drawdown	2.96	1.07	+1.89
Martin ratio: Return relative to average drawdown	11.21	2.58	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEGR vs. WISE - Sharpe Ratio Comparison

The current LEGR Sharpe Ratio is 2.26, which is higher than the WISE Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of LEGR 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.

Sharpe Ratios by Period

	LEGR	WISE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.14	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.78	-0.18

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.

Drawdown Indicators

	LEGR	WISE	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-39.15%	+3.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-34.08%	+23.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	—	—
Current Drawdown Current decline from peak	-1.50%	-5.48%	+3.98%
Average Drawdown Average peak-to-trough decline	-6.61%	-11.90%	+5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	14.15%	-11.41%

Volatility

LEGR vs. WISE - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 4.93%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 10.83%. 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.

Volatility by Period

	LEGR	WISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	10.83%	-5.90%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	24.11%	-12.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	32.26%	-18.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	33.55%	-16.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	33.55%	-13.24%

LEGR vs. WISE - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is higher than WISE's 0.35% expense ratio.

Dividends

LEGR vs. WISE - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.67%, less than WISE's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%
WISE Themes Generative Artificial Intelligence ETF	3.71%	4.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LEGR and WISE in my portfolio?

LEGR and WISE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEGR or WISE?

WISE has higher volatility (10.83%) compared to LEGR (4.93%). In terms of maximum drawdown, LEGR dropped -36.12% vs WISE's -39.15%.

Which ETF is better, LEGR or WISE?

On 1-year performance, WISE leads with 36.46% vs 30.64% for LEGR. On fees, WISE is cheaper at 0.35% per year. On volatility, LEGR has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEGR or WISE?

Over the 1-year period, WISE has performed better with a 36.46% return vs 30.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEGR or WISE?

WISE is cheaper with a 0.35% expense ratio, compared with 0.65% for LEGR.

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

WISE has the higher dividend yield at 3.71%, compared with 1.67% for LEGR.

What is the main difference between LEGR and WISE?

LEGR is categorized as Blockchain, while WISE is Technology Equities. LEGR tracks Indxx Blockchain Index, while WISE tracks Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. They also come from different issuers: First Trust and Themes. Their fees differ too: 0.65% for LEGR and 0.35% for WISE.

Which has better risk-adjusted returns?

LEGR currently has the higher Sharpe Ratio (2.26 vs 1.14), 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.