WISE vs. CHAT
Compare and contrast key facts about Themes Generative Artificial Intelligence ETF (WISE) and Roundhill Generative AI & Technology ETF (CHAT).
WISE and CHAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WISE is a passively managed fund by Themes that tracks the performance of the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. It was launched on Dec 7, 2023. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISE or CHAT.
Key characteristics
| WISE | CHAT | |
|---|---|---|
| YTD Return | 20.39% | 32.47% |
| Daily Std Dev | 26.57% | 24.43% |
| Max Drawdown | -20.81% | -18.98% |
| Current Drawdown | -0.21% | -0.87% |
Correlation
The correlation between WISE and CHAT is 0.83, 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
WISE vs. CHAT - Performance Comparison
In the year-to-date period, WISE achieves a 20.39% return, which is significantly lower than CHAT's 32.47% 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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WISE vs. CHAT - Expense Ratio Comparison
WISE has a 0.35% expense ratio, which is lower than CHAT's 0.75% expense ratio.
Risk-Adjusted Performance
WISE vs. CHAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) and Roundhill Generative AI & Technology ETF (CHAT). 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.
Not enough dataDividends
WISE vs. CHAT - Dividend Comparison
Neither WISE nor CHAT has paid dividends to shareholders.
Drawdowns
WISE vs. CHAT - Drawdown Comparison
The maximum WISE drawdown since its inception was -20.81%, which is greater than CHAT's maximum drawdown of -18.98%. Use the drawdown chart below to compare losses from any high point for WISE and CHAT. For additional features, visit the drawdowns tool.
Volatility
WISE vs. CHAT - Volatility Comparison
Themes Generative Artificial Intelligence ETF (WISE) has a higher volatility of 9.69% compared to Roundhill Generative AI & Technology ETF (CHAT) at 6.77%. This indicates that WISE's price experiences larger fluctuations and is considered to be riskier than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.