THNQ vs. WTAIX
Compare and contrast key facts about ROBO Global Artificial Intelligence ETF (THNQ) and Wilmington Municipal Bond Fund (WTAIX).
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. WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THNQ or WTAIX.
Performance
THNQ vs. WTAIX - Performance Comparison
Returns By Period
In the year-to-date period, THNQ achieves a 14.78% return, which is significantly higher than WTAIX's 1.11% return.
THNQ
14.78%
0.67%
7.00%
28.84%
N/A
N/A
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
Key characteristics
| THNQ | WTAIX | |
|---|---|---|
| Sharpe Ratio | 1.33 | 2.01 |
| Sortino Ratio | 1.81 | 3.02 |
| Omega Ratio | 1.23 | 1.46 |
| Calmar Ratio | 1.18 | 0.76 |
| Martin Ratio | 6.35 | 7.18 |
| Ulcer Index | 4.43% | 0.79% |
| Daily Std Dev | 21.13% | 2.82% |
| Max Drawdown | -50.56% | -12.18% |
| Current Drawdown | -3.99% | -2.44% |
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THNQ vs. WTAIX - Expense Ratio Comparison
THNQ has a 0.68% expense ratio, which is higher than WTAIX's 0.49% expense ratio.
Correlation
The correlation between THNQ and WTAIX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
THNQ vs. WTAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) and Wilmington Municipal Bond Fund (WTAIX). 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. WTAIX - Dividend Comparison
THNQ has not paid dividends to shareholders, while WTAIX's dividend yield for the trailing twelve months is around 2.47%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTAIX Wilmington Municipal Bond Fund | 2.47% | 2.25% | 1.92% | 1.71% | 1.87% | 2.23% | 2.13% | 1.96% | 1.75% | 2.01% | 2.23% | 2.20% |
Drawdowns
THNQ vs. WTAIX - Drawdown Comparison
The maximum THNQ drawdown since its inception was -50.56%, which is greater than WTAIX's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for THNQ and WTAIX. For additional features, visit the drawdowns tool.
Volatility
THNQ vs. WTAIX - Volatility Comparison
ROBO Global Artificial Intelligence ETF (THNQ) has a higher volatility of 6.25% compared to Wilmington Municipal Bond Fund (WTAIX) at 1.44%. This indicates that THNQ's price experiences larger fluctuations and is considered to be riskier than WTAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.