WTAI vs. TSM
Compare and contrast key facts about WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Taiwan Semiconductor Manufacturing Company Limited (TSM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTAI or TSM.
Correlation
The correlation between WTAI and TSM is 0.73, 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. TSM - Performance Comparison
Key characteristics
WTAI:
-0.22
TSM:
0.21
WTAI:
-0.10
TSM:
0.62
WTAI:
0.99
TSM:
1.08
WTAI:
-0.22
TSM:
0.26
WTAI:
-0.74
TSM:
0.81
WTAI:
9.94%
TSM:
12.03%
WTAI:
32.60%
TSM:
46.27%
WTAI:
-45.92%
TSM:
-84.63%
WTAI:
-27.69%
TSM:
-32.21%
Returns By Period
In the year-to-date period, WTAI achieves a -18.14% return, which is significantly higher than TSM's -22.90% return.
WTAI
-18.14%
-10.93%
-11.55%
-7.04%
N/A
N/A
TSM
-22.90%
-13.61%
-18.53%
10.01%
25.44%
23.90%
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Risk-Adjusted Performance
WTAI vs. TSM — Risk-Adjusted Performance Rank
WTAI
TSM
WTAI vs. TSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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. TSM - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 0.23%, less than TSM's 1.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 0.23% | 0.19% | 0.24% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 1.63% | 1.18% | 1.78% | 2.48% | 1.56% | 1.58% | 3.49% | 3.55% | 2.32% | 2.61% | 2.54% | 1.79% |
Drawdowns
WTAI vs. TSM - Drawdown Comparison
The maximum WTAI drawdown since its inception was -45.92%, smaller than the maximum TSM drawdown of -84.63%. Use the drawdown chart below to compare losses from any high point for WTAI and TSM. For additional features, visit the drawdowns tool.
Volatility
WTAI vs. TSM - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Taiwan Semiconductor Manufacturing Company Limited (TSM) have volatilities of 18.89% and 19.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.