LRNZ vs. THNQ
Compare and contrast key facts about TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ROBO Global Artificial Intelligence ETF (THNQ).
LRNZ and THNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRNZ is an actively managed fund by TrueMark Investments. It was launched on Feb 28, 2020. THNQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Artificial Intelligence Index. It was launched on May 11, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LRNZ or THNQ.
Key characteristics
| LRNZ | THNQ | |
|---|---|---|
| YTD Return | -2.74% | 3.93% |
| 1Y Return | 48.15% | 43.01% |
| 3Y Return (Ann) | -2.80% | 2.39% |
| Sharpe Ratio | 1.88 | 2.06 |
| Daily Std Dev | 27.73% | 21.79% |
| Max Drawdown | -61.38% | -50.56% |
| Current Drawdown | -32.58% | -11.09% |
Correlation
The correlation between LRNZ and THNQ is 0.92, 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
LRNZ vs. THNQ - Performance Comparison
In the year-to-date period, LRNZ achieves a -2.74% return, which is significantly lower than THNQ's 3.93% return. 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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LRNZ vs. THNQ - Expense Ratio Comparison
Both LRNZ and THNQ have an expense ratio of 0.68%.
Risk-Adjusted Performance
LRNZ vs. THNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ROBO Global Artificial Intelligence ETF (THNQ). 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
LRNZ vs. THNQ - Dividend Comparison
Neither LRNZ nor THNQ has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
LRNZ TrueShares Technology, AI & Deep Learning ETF | 0.00% | 0.00% | 0.00% | 0.13% |
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LRNZ vs. THNQ - Drawdown Comparison
The maximum LRNZ drawdown since its inception was -61.38%, which is greater than THNQ's maximum drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for LRNZ and THNQ. For additional features, visit the drawdowns tool.
Volatility
LRNZ vs. THNQ - Volatility Comparison
TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ROBO Global Artificial Intelligence ETF (THNQ) have volatilities of 7.61% and 7.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.