WTAI vs. MTUM
Compare and contrast key facts about WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and iShares MSCI USA Momentum Factor ETF (MTUM).
WTAI and MTUM 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. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Apr 16, 2013. Both WTAI and MTUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WTAI vs. MTUM - Performance Comparison
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WTAI vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | -0.62% | 34.83% | 6.53% | 46.32% | -42.27% | -0.83% |
MTUM iShares MSCI USA Momentum Factor ETF | -1.94% | 22.15% | 32.89% | 9.15% | -18.27% | 0.74% |
Returns By Period
In the year-to-date period, WTAI achieves a -0.62% return, which is significantly higher than MTUM's -1.94% return.
WTAI
- 1D
- 2.59%
- 1M
- -4.07%
- YTD
- -0.62%
- 6M
- 1.58%
- 1Y
- 53.10%
- 3Y*
- 19.04%
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- 2.19%
- 1M
- -3.25%
- YTD
- -1.94%
- 6M
- -3.82%
- 1Y
- 21.46%
- 3Y*
- 21.93%
- 5Y*
- 9.69%
- 10Y*
- 14.08%
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WTAI vs. MTUM - Expense Ratio Comparison
WTAI has a 0.45% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Return for Risk
WTAI vs. MTUM — Risk / Return Rank
WTAI
MTUM
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.
| WTAI | MTUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 0.94 | +0.74 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.42 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.82 | +1.76 |
Martin ratioReturn relative to average drawdown | 10.64 | 6.83 | +3.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTAI | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.94 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.73 | -0.59 |
Correlation
The correlation between WTAI and MTUM is 0.77, 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.
Dividends
WTAI vs. MTUM - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 1.82%, more than MTUM's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 1.82% | 1.81% | 0.19% | 0.24% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.80% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
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
| WTAI | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.92% | -34.08% | -11.84% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -12.26% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -8.36% | -6.00% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -20.54% | -6.28% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 3.26% | +1.92% |
Volatility
WTAI vs. MTUM - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 12.36% compared to iShares MSCI USA Momentum Factor ETF (MTUM) at 8.49%. 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
| WTAI | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.36% | 8.49% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 21.81% | 14.74% | +7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 23.02% | +8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.73% | 20.39% | +10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.73% | 20.83% | +9.90% |