WISE vs. SCHG
Compare and contrast key facts about Themes Generative Artificial Intelligence ETF (WISE) and Schwab U.S. Large-Cap Growth ETF (SCHG).
WISE and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both WISE and SCHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISE or SCHG.
Key characteristics
| WISE | SCHG | |
|---|---|---|
| YTD Return | 15.85% | 31.47% |
| Daily Std Dev | 26.35% | 17.01% |
| Max Drawdown | -20.81% | -34.59% |
| Current Drawdown | -1.56% | 0.00% |
Correlation
The correlation between WISE and SCHG is 0.81, 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. SCHG - Performance Comparison
In the year-to-date period, WISE achieves a 15.85% return, which is significantly lower than SCHG's 31.47% 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. SCHG - Expense Ratio Comparison
WISE has a 0.35% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
WISE vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
WISE has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WISE Themes Generative 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
WISE vs. SCHG - Drawdown Comparison
The maximum WISE drawdown since its inception was -20.81%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for WISE and SCHG. For additional features, visit the drawdowns tool.
Volatility
WISE vs. SCHG - Volatility Comparison
Themes Generative Artificial Intelligence ETF (WISE) has a higher volatility of 8.94% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.17%. This indicates that WISE's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.