LIMI vs. WISE

Last updated Jun 4, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and WISE (Themes Generative Artificial Intelligence ETF) are both exchange-traded funds - LIMI is a Commodity Producers Equities fund tracking the BITA Global Lithium and Battery Metals Select 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, LIMI returned 160.78% vs 36.46% for WISE. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

LIMI vs. WISE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) 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, LIMI achieves a 19.24% return, which is significantly higher than WISE's 11.03% return.

LIMI

• 1D: -2.97%
• 1M: -7.76%
• YTD: 19.24%
• 6M: 32.07%
• 1Y: 160.78%
• 3Y*: —
• 5Y*: —
• 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)

LIMI vs. WISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	19.24%	91.22%	-1.18%
WISE Themes Generative Artificial Intelligence ETF	11.03%	5.88%	29.24%

Correlation

The correlation between LIMI and WISE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.34

Return for Risk

LIMI vs. WISE — Risk / Return Rank

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

LIMI

LIMI Risk / Return Rank: 89
LIMI Sharpe Ratio Rank: 94
LIMI Sortino Ratio Rank: 85
LIMI Omega Ratio Rank: 81
LIMI Calmar Ratio Rank: 94
LIMI Martin Ratio Rank: 91

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.

LIMI vs. WISE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.

	LIMI	WISE	Difference
Sharpe ratio: Return per unit of total volatility	3.71	1.14	+2.57
Sortino ratio: Return per unit of downside risk	3.82	1.64	+2.17
Omega ratio: Gain probability vs. loss probability	1.48	1.20	+0.28
Calmar ratio: Return relative to maximum drawdown	7.03	1.07	+5.96
Martin ratio: Return relative to average drawdown	21.57	2.58	+18.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIMI vs. WISE - Sharpe Ratio Comparison

The current LIMI Sharpe Ratio is 3.71, which is higher than the WISE Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of LIMI 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

	LIMI	WISE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	1.14	+2.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	0.78	+0.72

Drawdowns

LIMI vs. WISE - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, which is greater than WISE's maximum drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for LIMI and WISE.

Drawdown Indicators

	LIMI	WISE	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-39.15%	-4.62%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	-34.08%	+11.08%
Current Drawdown Current decline from peak	-11.69%	-5.48%	-6.21%
Average Drawdown Average peak-to-trough decline	-13.02%	-11.90%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.48%	14.15%	-6.67%

Volatility

LIMI vs. WISE - Volatility Comparison

The current volatility for Themes Lithium & Battery Metal Miners ETF (LIMI) is 9.74%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 10.83%. This indicates that LIMI 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

	LIMI	WISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	10.83%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	29.23%	24.11%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	43.66%	32.26%	+11.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.41%	33.55%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.41%	33.55%	+7.86%

LIMI vs. WISE - Expense Ratio Comparison

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

Dividends

LIMI vs. WISE - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.45%, less than WISE's 3.71% yield.

Position	TTM	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	0.45%	0.54%	8.14%
WISE Themes Generative Artificial Intelligence ETF	3.71%	4.12%	0.00%

Frequently Asked Questions

Can I hold both LIMI and WISE in my portfolio?

LIMI and WISE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIMI or WISE?

WISE has higher volatility (10.83%) compared to LIMI (9.74%). In terms of maximum drawdown, LIMI dropped -43.77% vs WISE's -39.15%.

Which ETF is better, LIMI or WISE?

On 1-year performance, LIMI leads with 160.78% vs 36.46% for WISE. Both ETFs have the same 0.35% expense ratio. On volatility, LIMI has been the lower-risk option at 9.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIMI or WISE?

Over the 1-year period, LIMI has performed better with a 160.78% return vs 36.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIMI or WISE?

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

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

WISE has the higher dividend yield at 3.71%, compared with 0.45% for LIMI.

What is the main difference between LIMI and WISE?

LIMI is categorized as Commodity Producers Equities, while WISE is Technology Equities. LIMI tracks BITA Global Lithium and Battery Metals Select Index, while WISE tracks Solactive Generative Artificial Intelligence Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

LIMI currently has the higher Sharpe Ratio (3.71 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.