WTAIX vs. THNQ
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and ROBO Global Artificial Intelligence ETF (THNQ).
WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993. THNQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Artificial Intelligence Index. It was launched on May 11, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTAIX or THNQ.
Performance
WTAIX vs. THNQ - Performance Comparison
Returns By Period
In the year-to-date period, WTAIX achieves a 1.11% return, which is significantly lower than THNQ's 14.78% return.
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
THNQ
14.78%
0.67%
7.00%
28.84%
N/A
N/A
Key characteristics
| WTAIX | THNQ | |
|---|---|---|
| Sharpe Ratio | 2.01 | 1.33 |
| Sortino Ratio | 3.02 | 1.81 |
| Omega Ratio | 1.46 | 1.23 |
| Calmar Ratio | 0.76 | 1.18 |
| Martin Ratio | 7.18 | 6.35 |
| Ulcer Index | 0.79% | 4.43% |
| Daily Std Dev | 2.82% | 21.13% |
| Max Drawdown | -12.18% | -50.56% |
| Current Drawdown | -2.44% | -3.99% |
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WTAIX vs. THNQ - Expense Ratio Comparison
WTAIX has a 0.49% expense ratio, which is lower than THNQ's 0.68% expense ratio.
Correlation
The correlation between WTAIX and THNQ is 0.12, 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. THNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) and ROBO Global Artificial Intelligence ETF (THNQ). 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. THNQ - Dividend Comparison
WTAIX's dividend yield for the trailing twelve months is around 2.47%, while THNQ has not paid dividends to shareholders.
| 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% |
THNQ ROBO Global Artificial Intelligence ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTAIX vs. THNQ - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.18%, smaller than the maximum THNQ drawdown of -50.56%. Use the drawdown chart below to compare losses from any high point for WTAIX and THNQ. For additional features, visit the drawdowns tool.
Volatility
WTAIX vs. THNQ - Volatility Comparison
The current volatility for Wilmington Municipal Bond Fund (WTAIX) is 1.44%, while ROBO Global Artificial Intelligence ETF (THNQ) has a volatility of 6.25%. This indicates that WTAIX experiences smaller price fluctuations and is considered to be less risky than THNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.