WTAI vs. HTEC
Compare and contrast key facts about WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and ROBO Global Healthcare Technology and Innovation ETF (HTEC).
WTAI and HTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTAI is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Artificial Intelligence & Innovation Index. It was launched on Dec 7, 2021. HTEC is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global® Healthcare Technology and Innovation Index. It was launched on Jun 25, 2019. Both WTAI and HTEC 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: WTAI or HTEC.
Correlation
The correlation between WTAI and HTEC is 0.76, 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
WTAI vs. HTEC - Performance Comparison
Key characteristics
WTAI:
0.40
HTEC:
0.36
WTAI:
0.70
HTEC:
0.63
WTAI:
1.09
HTEC:
1.07
WTAI:
0.35
HTEC:
0.13
WTAI:
1.44
HTEC:
1.64
WTAI:
7.14%
HTEC:
3.90%
WTAI:
25.39%
HTEC:
18.04%
WTAI:
-45.92%
HTEC:
-57.53%
WTAI:
-7.86%
HTEC:
-42.60%
Returns By Period
In the year-to-date period, WTAI achieves a 4.32% return, which is significantly higher than HTEC's 3.40% return.
WTAI
4.32%
-4.14%
15.31%
9.02%
N/A
N/A
HTEC
3.40%
-3.20%
1.09%
5.73%
1.12%
N/A
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WTAI vs. HTEC - Expense Ratio Comparison
WTAI has a 0.45% expense ratio, which is lower than HTEC's 0.68% expense ratio.
Risk-Adjusted Performance
WTAI vs. HTEC — Risk-Adjusted Performance Rank
WTAI
HTEC
WTAI vs. HTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and ROBO Global Healthcare Technology and Innovation ETF (HTEC). 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
WTAI vs. HTEC - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 0.18%, while HTEC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 0.18% | 0.19% | 0.24% | 0.22% | 0.00% |
HTEC ROBO Global Healthcare Technology and Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
Drawdowns
WTAI vs. HTEC - Drawdown Comparison
The maximum WTAI drawdown since its inception was -45.92%, smaller than the maximum HTEC drawdown of -57.53%. Use the drawdown chart below to compare losses from any high point for WTAI and HTEC. For additional features, visit the drawdowns tool.
Volatility
WTAI vs. HTEC - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 8.40% compared to ROBO Global Healthcare Technology and Innovation ETF (HTEC) at 5.56%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than HTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.