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.
Key characteristics
| WTAI | TSM | |
|---|---|---|
| YTD Return | 4.98% | 95.57% |
| 1Y Return | 27.71% | 123.03% |
| Sharpe Ratio | 1.04 | 3.09 |
| Sortino Ratio | 1.50 | 3.70 |
| Omega Ratio | 1.19 | 1.47 |
| Calmar Ratio | 0.82 | 3.76 |
| Martin Ratio | 3.49 | 17.53 |
| Ulcer Index | 7.50% | 6.97% |
| Daily Std Dev | 25.11% | 39.48% |
| Max Drawdown | -45.92% | -84.63% |
| Current Drawdown | -12.96% | -2.25% |
Correlation
The correlation between WTAI and TSM is 0.71, 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
In the year-to-date period, WTAI achieves a 4.98% return, which is significantly lower than TSM's 95.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 0.23% | 0.24% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 1.09% | 1.78% | 2.48% | 1.56% | 1.58% | 3.49% | 3.55% | 2.32% | 2.61% | 2.54% | 1.79% | 2.30% |
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
The current volatility for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is 6.52%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.40%. This indicates that WTAI experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.