THNQ vs. LRNZ
Compare and contrast key facts about ROBO Global Artificial Intelligence ETF (THNQ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ).
THNQ and LRNZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LRNZ is an actively managed fund by TrueMark Investments. It was launched on Feb 28, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THNQ or LRNZ.
Performance
THNQ vs. LRNZ - Performance Comparison
Returns By Period
In the year-to-date period, THNQ achieves a 14.78% return, which is significantly higher than LRNZ's 2.35% return.
THNQ
14.78%
0.67%
7.00%
28.84%
N/A
N/A
LRNZ
2.35%
-0.08%
2.17%
24.03%
N/A
N/A
Key characteristics
| THNQ | LRNZ | |
|---|---|---|
| Sharpe Ratio | 1.33 | 0.87 |
| Sortino Ratio | 1.81 | 1.33 |
| Omega Ratio | 1.23 | 1.17 |
| Calmar Ratio | 1.18 | 0.54 |
| Martin Ratio | 6.35 | 3.07 |
| Ulcer Index | 4.43% | 7.48% |
| Daily Std Dev | 21.13% | 26.28% |
| Max Drawdown | -50.56% | -61.38% |
| Current Drawdown | -3.99% | -29.05% |
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THNQ vs. LRNZ - Expense Ratio Comparison
Both THNQ and LRNZ have an expense ratio of 0.68%.
Correlation
The correlation between THNQ and LRNZ is 0.91, 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.
Risk-Adjusted Performance
THNQ vs. LRNZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). 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
THNQ vs. LRNZ - Dividend Comparison
Neither THNQ nor LRNZ has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% |
LRNZ TrueShares Technology, AI & Deep Learning ETF | 0.00% | 0.00% | 0.00% | 0.13% |
Drawdowns
THNQ vs. LRNZ - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, smaller than the maximum LRNZ drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for THNQ and LRNZ. For additional features, visit the drawdowns tool.
Volatility
THNQ vs. LRNZ - Volatility Comparison
The current volatility for ROBO Global Artificial Intelligence ETF (THNQ) is 6.25%, while TrueShares Technology, AI & Deep Learning ETF (LRNZ) has a volatility of 7.00%. This indicates that THNQ experiences smaller price fluctuations and is considered to be less risky than LRNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.