WIZ vs. IETC
Compare and contrast key facts about Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) and iShares Evolved U.S. Technology ETF (IETC).
WIZ and IETC 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. 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: WIZ or IETC.
Key characteristics
| WIZ | IETC |
|---|
Correlation
The correlation between WIZ and IETC is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WIZ vs. IETC - 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. IETC - Expense Ratio Comparison
WIZ has a 1.25% expense ratio, which is higher than IETC's 0.18% expense ratio.
Risk-Adjusted Performance
WIZ vs. IETC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) 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
WIZ vs. IETC - Dividend Comparison
WIZ has not paid dividends to shareholders, while IETC's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
WIZ Merlyn.AI Bull-Rider Bear-Fighter ETF | 0.94% | 0.94% | 4.17% | 0.47% | 0.70% | 0.14% | 0.00% |
IETC iShares Evolved U.S. Technology ETF | 0.62% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% |
Drawdowns
WIZ vs. IETC - Drawdown Comparison
Volatility
WIZ vs. IETC - Volatility Comparison
The current volatility for Merlyn.AI Bull-Rider Bear-Fighter ETF (WIZ) is 0.00%, while iShares Evolved U.S. Technology ETF (IETC) has a volatility of 5.42%. This indicates that WIZ experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.