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WTAI vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WTAI vs. HDV

Last updated Jul 18, 2026
Documentation

WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, WTAI returned 25.78%/yr vs 15.94%/yr for HDV. At a 0.23 correlation, their price movements are largely independent. WTAI charges 0.45%/yr vs 0.08%/yr for HDV.

Performance

WTAI vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WTAI achieves a 35.59% return, which is significantly higher than HDV's 18.03% return.

WTAI

1D
-0.75%
1M
-12.28%
6M
31.18%
YTD
35.59%
1Y
60.94%
3Y*
25.78%
5Y*
—
10Y*
—

HDV

1D
-0.39%
1M
4.54%
6M
12.89%
YTD
18.03%
1Y
22.18%
3Y*
15.94%
5Y*
11.84%
10Y*
9.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WTAI vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WTAI
WisdomTree Artificial Intelligence and Innovation Fund		35.59%34.83%6.53%46.32%-42.27%-1.93%
HDV
iShares Core High Dividend ETF		18.03%11.90%14.16%1.72%7.05%3.83%

Correlation

The correlation between WTAI and HDV is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2021

0.23

The correlation between WTAI and HDV shifts across timeframes, from -0.23 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

WTAI vs. HDV - Sectors Allocation Comparison

Sectors
WTAI
HDV

Technology

71.6%
0.2%

Consumer Cyclical

8.3%
9.2%

Communication Services

7.2%
5.2%

Industrials

5.6%
3.6%

Financial Services

3.8%
4.8%

Utilities

0.9%
8.2%

Consumer Defensive

0.4%
24.5%

Basic Materials

-

0.8%

Energy

-

19.6%

Healthcare

-

23.7%

Real Estate

-

-

Technology

WTAI
71.6%
HDV
0.2%

Consumer Cyclical

WTAI
8.3%
HDV
9.2%

Communication Services

WTAI
7.2%
HDV
5.2%

Industrials

WTAI
5.6%
HDV
3.6%

Financial Services

WTAI
3.8%
HDV
4.8%

Utilities

WTAI
0.9%
HDV
8.2%

Consumer Defensive

WTAI
0.4%
HDV
24.5%

Basic Materials

WTAI

-

HDV
0.8%

Energy

WTAI

-

HDV
19.6%

Healthcare

WTAI

-

HDV
23.7%

Real Estate

WTAI

-

HDV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Artificial Intelligence and Innovation Fund

iShares Core High Dividend ETF

Often compared with WTAI:
WTAI vs. CHATWTAI vs. BOTZWTAI vs. SMHWTAI vs. VOOWTAI vs. BOTTWTAI vs. HTECWTAI vs. IYW
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

WTAI vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTAI
WTAI Risk / Return Rank: 6767
Overall Rank
WTAI Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
WTAI Sortino Ratio Rank: 5656
Sortino Ratio Rank
WTAI Omega Ratio Rank: 6060
Omega Ratio Rank
WTAI Calmar Ratio Rank: 8080
Calmar Ratio Rank
WTAI Martin Ratio Rank: 7373
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 8282
Overall Rank
HDV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 8686
Sortino Ratio Rank
HDV Omega Ratio Rank: 7777
Omega Ratio Rank
HDV Calmar Ratio Rank: 9090
Calmar Ratio Rank
HDV Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTAI vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and iShares Core High Dividend ETF (HDV). 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.

WTAIHDVDifference
Sharpe ratioReturn per unit of total volatility
1.72
2.08

-0.36

Sortino ratioReturn per unit of downside risk
2.16
3.15

-0.99

Omega ratioGain probability vs. loss probability

1.29

1.36

-0.07

Calmar ratioReturn relative to maximum drawdown

3.35

4.30

-0.95

Martin ratioReturn relative to average drawdown

10.51

11.76

-1.25

WTAI vs. HDV - Sharpe Ratio Comparison

The current WTAI Sharpe Ratio is 1.72, which is comparable to the HDV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of WTAI and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WTAI vs. HDV - Drawdown Comparison

The maximum WTAI drawdown since its inception was -45.96%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for WTAI and HDV.

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Drawdown Indicators

WTAIHDVDifference

Max Drawdown

Largest peak-to-trough decline

-45.96%

-37.04%

-8.92%

Max Drawdown (1Y)

Largest decline over 1 year

-18.28%

-5.18%

-13.10%

Max Drawdown (3Y)

Largest decline over 3 years

-31.83%

-10.49%

-21.34%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-18.28%

-0.39%

-17.89%

Average Drawdown

Average peak-to-trough decline

-19.54%

-3.07%

-16.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.81%

1.89%

+3.92%

Volatility

WTAI vs. HDV - Volatility Comparison

WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 17.84% compared to iShares Core High Dividend ETF (HDV) at 5.15%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WTAIHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.84%

5.15%

+12.69%

Volatility (6M)

Calculated over the trailing 6-month period

31.29%

8.53%

+22.76%

Volatility (1Y)

Calculated over the trailing 1-year period

35.58%

10.70%

+24.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.28%

12.94%

+19.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.28%

15.77%

+16.51%

WTAI vs. HDV - Expense Ratio Comparison

WTAI has a 0.45% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

WTAI vs. HDV - Dividend Comparison

WTAI's dividend yield for the trailing twelve months is around 1.33%, less than HDV's 3.12% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.12%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
WTAI
WisdomTree Artificial Intelligence and Innovation Fund		1.33%1.81%0.19%0.24%0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WTAI and HDV have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WTAI has higher volatility (17.84%) compared to HDV (5.15%). In terms of maximum drawdown, WTAI dropped -45.96% vs HDV's -37.04%.

On 3-year performance, WTAI leads with 25.78% vs 15.94% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 5.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, WTAI has performed better with a 25.78% return vs 15.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.45% for WTAI.

HDV has the higher dividend yield at 3.12%, compared with 1.33% for WTAI.

WTAI is categorized as Technology Equities, while HDV is Dividend. WTAI tracks WisdomTree Artificial Intelligence & Innovation Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WTAI and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.08 vs 1.72), 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.

Portfolio Optimizer

Find the right allocation for WTAI and HDV

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