WTAIX vs. QTUM
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and Defiance Quantum ETF (QTUM).
WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993. QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTAIX or QTUM.
Performance
WTAIX vs. QTUM - Performance Comparison
Returns By Period
In the year-to-date period, WTAIX achieves a 1.11% return, which is significantly lower than QTUM's 19.64% return.
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
QTUM
19.64%
2.54%
5.34%
31.80%
19.12%
N/A
Key characteristics
| WTAIX | QTUM | |
|---|---|---|
| Sharpe Ratio | 2.01 | 1.43 |
| Sortino Ratio | 3.02 | 1.99 |
| Omega Ratio | 1.46 | 1.25 |
| Calmar Ratio | 0.76 | 1.81 |
| Martin Ratio | 7.18 | 5.55 |
| Ulcer Index | 0.79% | 5.59% |
| Daily Std Dev | 2.82% | 21.74% |
| Max Drawdown | -12.18% | -38.45% |
| Current Drawdown | -2.44% | -3.50% |
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WTAIX vs. QTUM - Expense Ratio Comparison
WTAIX has a 0.49% expense ratio, which is higher than QTUM's 0.40% expense ratio.
Correlation
The correlation between WTAIX and QTUM is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
WTAIX vs. QTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) and Defiance Quantum ETF (QTUM). 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
WTAIX vs. QTUM - Dividend Comparison
WTAIX's dividend yield for the trailing twelve months is around 2.47%, more than QTUM's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | 2.47% | 2.25% | 1.92% | 1.71% | 1.87% | 2.23% | 2.13% | 1.96% | 1.75% | 2.01% | 2.23% | 2.20% |
QTUM Defiance Quantum ETF | 0.78% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTAIX vs. QTUM - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.18%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for WTAIX and QTUM. For additional features, visit the drawdowns tool.
Volatility
WTAIX vs. QTUM - Volatility Comparison
The current volatility for Wilmington Municipal Bond Fund (WTAIX) is 1.44%, while Defiance Quantum ETF (QTUM) has a volatility of 6.71%. This indicates that WTAIX experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.