WIZ vs. DUDE
Compare and contrast key facts about Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) and Merlyn.AI SectorSurfer Momentum ETF (DUDE).
WIZ and DUDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIZ is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the MAI Bull-Rider Bear-Fighter Index. It was launched on Oct 16, 2019. DUDE is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the MAI SectorSurfer Momentum Index. It was launched on Dec 30, 2020. Both WIZ and DUDE 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: WIZ or DUDE.
Key characteristics
| WIZ | DUDE |
|---|
Correlation
The correlation between WIZ and DUDE is 0.87, 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
WIZ vs. DUDE - Performance Comparison
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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WIZ vs. DUDE - Expense Ratio Comparison
WIZ has a 1.25% expense ratio, which is lower than DUDE's 1.32% expense ratio.
Risk-Adjusted Performance
WIZ vs. DUDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) and Merlyn.AI SectorSurfer Momentum ETF (DUDE). 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
WIZ vs. DUDE - Dividend Comparison
Neither WIZ nor DUDE has paid dividends to shareholders.
| TTM | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
WIZ Merlyn.AI Bull-Rider Bear-Fighter ETF | 0.94% | 4.17% | 0.47% | 0.70% | 0.14% |
DUDE Merlyn.AI SectorSurfer Momentum ETF | 0.35% | 6.21% | 0.29% | 0.00% | 0.00% |
Drawdowns
WIZ vs. DUDE - Drawdown Comparison
Volatility
WIZ vs. DUDE - Volatility Comparison
The current volatility for Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) is 0.00%, while Merlyn.AI SectorSurfer Momentum ETF (DUDE) has a volatility of 0.00%. This indicates that WIZ experiences smaller price fluctuations and is considered to be less risky than DUDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.