WTAI vs. JAAA

Last updated Jun 14, 2026

WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and JAAA (Janus Henderson AAA CLO ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while JAAA is a CLO fund actively managed by Janus Henderson. WTAI is passively managed, while JAAA is actively managed. Over the past 3 years, WTAI returned 32.29%/yr vs 6.67%/yr for JAAA. At a 0.11 correlation, their price movements are largely independent. WTAI charges 0.45%/yr vs 0.20%/yr for JAAA.

Performance

WTAI vs. JAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTAI achieves a 52.09% return, which is significantly higher than JAAA's 1.99% return.

WTAI

• 1D: 1.07%
• 1M: 9.78%
• YTD: 52.09%
• 6M: 53.98%
• 1Y: 99.10%
• 3Y*: 32.29%
• 5Y*: —
• 10Y*: —

JAAA

• 1D: 0.02%
• 1M: 0.33%
• YTD: 1.99%
• 6M: 2.49%
• 1Y: 5.01%
• 3Y*: 6.67%
• 5Y*: 4.76%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTAI vs. JAAA - 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%
JAAA Janus Henderson AAA CLO ETF	1.99%	5.16%	7.43%	8.59%	0.49%	-0.01%

Correlation

The correlation between WTAI and JAAA is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.11

Return for Risk

WTAI vs. JAAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTAI

WTAI Risk / Return Rank: 91
WTAI Sharpe Ratio Rank: 94
WTAI Sortino Ratio Rank: 88
WTAI Omega Ratio Rank: 88
WTAI Calmar Ratio Rank: 94
WTAI Martin Ratio Rank: 91

JAAA

JAAA Risk / Return Rank: 98
JAAA Sharpe Ratio Rank: 99
JAAA Sortino Ratio Rank: 99
JAAA Omega Ratio Rank: 99
JAAA Calmar Ratio Rank: 98
JAAA Martin Ratio Rank: 98

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. JAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Janus Henderson AAA CLO ETF (JAAA). 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	JAAA	Difference
Sharpe ratio: Return per unit of total volatility	3.10	6.03	-2.93
Sortino ratio: Return per unit of downside risk	3.49	10.06	-6.57
Omega ratio: Gain probability vs. loss probability	1.48	2.72	-1.25
Calmar ratio: Return relative to maximum drawdown	6.20	12.91	-6.71
Martin ratio: Return relative to average drawdown	19.00	69.57	-50.58

WTAI vs. JAAA - Sharpe Ratio Comparison

The current WTAI Sharpe Ratio is 3.10, which is lower than the JAAA Sharpe Ratio of 6.03. The chart below compares the historical Sharpe Ratios of WTAI and JAAA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTAI vs. JAAA - Drawdown Comparison

The maximum WTAI drawdown since its inception was -45.96%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for WTAI and JAAA.

Drawdown Indicators

	WTAI	JAAA	Difference
Max Drawdown Largest peak-to-trough decline	-45.96%	-2.64%	-43.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-0.39%	-15.03%
Max Drawdown (3Y) Largest decline over 3 years	-31.83%	-1.46%	-30.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-2.64%	—
Current Drawdown Current decline from peak	-5.68%	0.00%	-5.68%
Average Drawdown Average peak-to-trough decline	-19.77%	-0.25%	-19.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	0.07%	+4.96%

Volatility

WTAI vs. JAAA - Volatility Comparison

WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 15.12% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.12%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTAI	JAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.12%	0.12%	+15.00%
Volatility (6M) Calculated over the trailing 6-month period	25.90%	0.63%	+25.27%
Volatility (1Y) Calculated over the trailing 1-year period	30.89%	0.83%	+30.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.41%	1.67%	+29.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.41%	1.64%	+29.77%

WTAI vs. JAAA - Expense Ratio Comparison

WTAI has a 0.45% expense ratio, which is higher than JAAA's 0.20% expense ratio.

Dividends

WTAI vs. JAAA - Dividend Comparison

WTAI's dividend yield for the trailing twelve months is around 1.19%, less than JAAA's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JAAA Janus Henderson AAA CLO ETF	4.99%	5.30%	6.35%	6.11%	2.74%	1.21%	0.26%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	1.19%	1.81%	0.19%	0.24%	0.22%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTAI and JAAA in my portfolio?

WTAI and JAAA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTAI or JAAA?

WTAI has higher volatility (15.12%) compared to JAAA (0.12%). In terms of maximum drawdown, WTAI dropped -45.96% vs JAAA's -2.64%.

Which ETF is better, WTAI or JAAA?

On 3-year performance, WTAI leads with 32.29% vs 6.67% for JAAA. On fees, JAAA is cheaper at 0.20% per year. On volatility, JAAA has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTAI or JAAA?

Over the 3-year period, WTAI has performed better with a 32.29% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTAI or JAAA?

JAAA is cheaper with a 0.20% expense ratio, compared with 0.45% for WTAI.

Which ETF pays a higher dividend yield, WTAI or JAAA?

JAAA has the higher dividend yield at 4.99%, compared with 1.19% for WTAI.

What is the main difference between WTAI and JAAA?

WTAI is categorized as Technology Equities, while JAAA is CLO. They also come from different issuers: WisdomTree and Janus Henderson. Their fees differ too: 0.45% for WTAI and 0.20% for JAAA.

Which has better risk-adjusted returns?

JAAA currently has the higher Sharpe Ratio (6.03 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.