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WTAI vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WTAI vs. MTUM

Last updated Jun 5, 2026

WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 3 years, WTAI returned 36.38%/yr vs 34.34%/yr for MTUM. A 0.78 correlation means they provide meaningful diversification when combined. WTAI charges 0.45%/yr vs 0.15%/yr for MTUM.

Performance

WTAI vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and iShares MSCI USA Momentum Factor ETF (MTUM). 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 57.45% return, which is significantly higher than MTUM's 30.30% return.

WTAI

1D
-1.48%
1M
19.79%
YTD
57.45%
6M
56.30%
1Y
105.11%
3Y*
36.38%
5Y*
—
10Y*
—

MTUM

1D
-1.10%
1M
11.94%
YTD
30.30%
6M
29.99%
1Y
40.55%
3Y*
34.34%
5Y*
14.96%
10Y*
17.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WTAI vs. MTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WTAI
WisdomTree Artificial Intelligence and Innovation Fund		57.45%34.83%6.53%46.32%-42.27%-0.83%
MTUM
iShares MSCI USA Momentum Factor ETF		30.30%22.15%32.89%9.15%-18.27%0.74%

Correlation

The correlation between WTAI and MTUM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.82

Correlation (All Time)
Calculated using the full available price history since Dec 10, 2021

0.78

The correlation between WTAI and MTUM has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

WTAI vs. MTUM - Sectors Allocation Comparison

Sectors
WTAI
MTUM

Technology

71.6%
44.4%

Consumer Cyclical

8.3%
3.6%

Communication Services

7.2%
7.4%

Industrials

5.6%
15.6%

Financial Services

3.8%
10.4%

Utilities

0.9%
1.6%

Consumer Defensive

0.4%
3.3%

Basic Materials

-

1.7%

Energy

-

3.5%

Healthcare

-

6.9%

Real Estate

-

1.8%

Technology

WTAI
71.6%
MTUM
44.4%

Consumer Cyclical

WTAI
8.3%
MTUM
3.6%

Communication Services

WTAI
7.2%
MTUM
7.4%

Industrials

WTAI
5.6%
MTUM
15.6%

Financial Services

WTAI
3.8%
MTUM
10.4%

Utilities

WTAI
0.9%
MTUM
1.6%

Consumer Defensive

WTAI
0.4%
MTUM
3.3%

Basic Materials

WTAI

-

MTUM
1.7%

Energy

WTAI

-

MTUM
3.5%

Healthcare

WTAI

-

MTUM
6.9%

Real Estate

WTAI

-

MTUM
1.8%

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 MSCI USA Momentum Factor ETF

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Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

WTAI vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTAI
WTAI Risk / Return Rank: 9292
Overall Rank
WTAI Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
WTAI Sortino Ratio Rank: 9090
Sortino Ratio Rank
WTAI Omega Ratio Rank: 8989
Omega Ratio Rank
WTAI Calmar Ratio Rank: 9393
Calmar Ratio Rank
WTAI Martin Ratio Rank: 9191
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 6868
Overall Rank
MTUM Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 6464
Sortino Ratio Rank
MTUM Omega Ratio Rank: 6464
Omega Ratio Rank
MTUM Calmar Ratio Rank: 7272
Calmar Ratio Rank
MTUM Martin Ratio Rank: 7575
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. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.

WTAIMTUMDifference
Sharpe ratioReturn per unit of total volatility
3.72
2.14

+1.58

Sortino ratioReturn per unit of downside risk
4.17
2.90

+1.27

Omega ratioGain probability vs. loss probability

1.55

1.38

+0.17

Calmar ratioReturn relative to maximum drawdown

6.85

3.53

+3.33

Martin ratioReturn relative to average drawdown

21.87

14.10

+7.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTAI vs. MTUM - Sharpe Ratio Comparison

The current WTAI Sharpe Ratio is 3.72, which is higher than the MTUM Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of WTAI and MTUM, 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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Sharpe Ratios by Period

WTAIMTUMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.72

2.14

+1.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.73

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.82

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.84

-0.35

Drawdowns

WTAI vs. MTUM - Drawdown Comparison

The maximum WTAI drawdown since its inception was -45.92%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for WTAI and MTUM.

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Drawdown Indicators

WTAIMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-45.92%

-34.08%

-11.84%

Max Drawdown (1Y)

Largest decline over 1 year

-15.42%

-11.54%

-3.88%

Max Drawdown (3Y)

Largest decline over 3 years

-31.83%

-20.99%

-10.84%

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.28%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.08%

—

Current Drawdown

Current decline from peak

-2.36%

-1.10%

-1.26%

Average Drawdown

Average peak-to-trough decline

-19.79%

-6.21%

-13.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.82%

2.89%

+1.93%

Volatility

WTAI vs. MTUM - Volatility Comparison

WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 10.70% compared to iShares MSCI USA Momentum Factor ETF (MTUM) at 7.67%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WTAIMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.70%

7.67%

+3.03%

Volatility (6M)

Calculated over the trailing 6-month period

22.78%

16.51%

+6.27%

Volatility (1Y)

Calculated over the trailing 1-year period

28.43%

19.08%

+9.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.98%

20.60%

+10.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.98%

21.03%

+9.95%

WTAI vs. MTUM - Expense Ratio Comparison

WTAI has a 0.45% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

WTAI vs. MTUM - Dividend Comparison

WTAI's dividend yield for the trailing twelve months is around 1.15%, more than MTUM's 0.60% yield.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.60%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
WTAI
WisdomTree Artificial Intelligence and Innovation Fund		1.15%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 MTUM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WTAI has higher volatility (10.70%) compared to MTUM (7.67%). In terms of maximum drawdown, WTAI dropped -45.92% vs MTUM's -34.08%.

On 3-year performance, WTAI leads with 36.38% vs 34.34% for MTUM. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 7.67%. 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 36.38% return vs 34.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MTUM is cheaper with a 0.15% expense ratio, compared with 0.45% for WTAI.

WTAI has the higher dividend yield at 1.15%, compared with 0.60% for MTUM.

WTAI is categorized as Technology Equities, while MTUM is Momentum. WTAI tracks WisdomTree Artificial Intelligence & Innovation Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WTAI and 0.15% for MTUM.

WTAI currently has the higher Sharpe Ratio (3.72 vs 2.14), 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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