WTAI vs. FRDM
WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Both are passively managed. Over the past 3 years, WTAI returned 32.29%/yr vs 34.29%/yr for FRDM. A 0.73 correlation means they provide meaningful diversification when combined. WTAI charges 0.45%/yr vs 0.49%/yr for FRDM.
Performance
WTAI vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, WTAI achieves a 52.09% return, which is significantly higher than FRDM's 40.13% return.
WTAI
- 1D
- 1.07%
- 1M
- 9.78%
- YTD
- 52.09%
- 6M
- 53.98%
- 1Y
- 99.10%
- 3Y*
- 32.29%
- 5Y*
- —
- 10Y*
- —
FRDM
- 1D
- 0.49%
- 1M
- 9.04%
- YTD
- 40.13%
- 6M
- 46.37%
- 1Y
- 87.32%
- 3Y*
- 34.29%
- 5Y*
- 18.68%
- 10Y*
- —
WTAI vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 52.09% | 34.83% | 6.53% | 46.32% | -42.27% | -1.93% |
FRDM Freedom 100 Emerging Markets ETF | 40.13% | 61.27% | 1.70% | 22.77% | -14.45% | 0.69% |
Correlation
The correlation between WTAI and FRDM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.73 |
The correlation between WTAI and FRDM has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
WTAI vs. FRDM — Risk / Return Rank
WTAI
FRDM
WTAI vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Freedom 100 Emerging Markets ETF (FRDM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTAI | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.54 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.20 | 5.02 | +1.18 |
| Martin ratioReturn relative to average drawdown | 19.00 | 19.36 | -0.36 |
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Drawdowns
WTAI vs. FRDM - Drawdown Comparison
The maximum WTAI drawdown since its inception was -45.96%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for WTAI and FRDM.
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Drawdown Indicators
| WTAI | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -40.49% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -16.87% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | -16.87% | -14.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.25% | — |
Current DrawdownCurrent decline from peak | -5.68% | -4.36% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -19.77% | -7.09% | -12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 4.37% | +0.66% |
Volatility
WTAI vs. FRDM - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 15.12% compared to Freedom 100 Emerging Markets ETF (FRDM) at 14.27%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTAI | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 14.27% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 25.90% | 24.39% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.89% | 26.86% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.41% | 21.35% | +10.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.41% | 23.09% | +8.32% |
WTAI vs. FRDM - Expense Ratio Comparison
WTAI has a 0.45% expense ratio, which is lower than FRDM's 0.49% expense ratio.
Dividends
WTAI vs. FRDM - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 1.19%, less than FRDM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 1.19% | 1.81% | 0.19% | 0.24% | 0.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTAI and FRDM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTAI has higher volatility (15.12%) compared to FRDM (14.27%). In terms of maximum drawdown, WTAI dropped -45.96% vs FRDM's -40.49%.
On 3-year performance, FRDM leads with 34.29% vs 32.29% for WTAI. On fees, WTAI is cheaper at 0.45% per year. On volatility, FRDM has been the lower-risk option at 14.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FRDM has performed better with a 34.29% return vs 32.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTAI is cheaper with a 0.45% expense ratio, compared with 0.49% for FRDM.
FRDM has the higher dividend yield at 1.56%, compared with 1.19% for WTAI.
WTAI is categorized as Technology Equities, while FRDM is Emerging Markets Diversified. WTAI tracks WisdomTree Artificial Intelligence & Innovation Index, while FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index. They also come from different issuers: WisdomTree and Freedom Funds. Their fees differ too: 0.45% for WTAI and 0.49% for FRDM.
FRDM currently has the higher Sharpe Ratio (3.15 vs 3.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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