WISE vs. IETC
Compare and contrast key facts about Themes Generative Artificial Intelligence ETF (WISE) and iShares Evolved U.S. Technology ETF (IETC).
WISE and IETC 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. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISE or IETC.
Correlation
The correlation between WISE and IETC is 0.79, 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. IETC - Performance Comparison
Key characteristics
WISE:
0.34
IETC:
0.59
WISE:
0.73
IETC:
0.98
WISE:
1.09
IETC:
1.14
WISE:
0.32
IETC:
0.64
WISE:
1.03
IETC:
2.27
WISE:
12.38%
IETC:
7.12%
WISE:
37.65%
IETC:
27.68%
WISE:
-39.16%
IETC:
-38.48%
WISE:
-28.46%
IETC:
-13.34%
Returns By Period
In the year-to-date period, WISE achieves a -20.67% return, which is significantly lower than IETC's -8.61% return.
WISE
-20.67%
-6.11%
0.46%
12.45%
N/A
N/A
IETC
-8.61%
-0.33%
-2.38%
17.09%
20.06%
N/A
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WISE vs. IETC - Expense Ratio Comparison
WISE has a 0.35% expense ratio, which is higher than IETC's 0.18% expense ratio.
Risk-Adjusted Performance
WISE vs. IETC — Risk-Adjusted Performance Rank
WISE
IETC
WISE vs. IETC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) and iShares Evolved U.S. Technology ETF (IETC). 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
WISE vs. IETC - Dividend Comparison
WISE has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
WISE Themes Generative Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IETC iShares Evolved U.S. Technology ETF | 0.55% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% |
Drawdowns
WISE vs. IETC - Drawdown Comparison
The maximum WISE drawdown since its inception was -39.16%, roughly equal to the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for WISE and IETC. For additional features, visit the drawdowns tool.
Volatility
WISE vs. IETC - Volatility Comparison
Themes Generative Artificial Intelligence ETF (WISE) has a higher volatility of 19.86% compared to iShares Evolved U.S. Technology ETF (IETC) at 17.86%. This indicates that WISE's price experiences larger fluctuations and is considered to be riskier than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.