WTAI
WisdomTree Artificial Intelligence and Innovation Fund
WTAI tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 07, 2021 |
| Assets (mns) | $8 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 2.8 % |
| ALCHIP TECHNOLOGIES LTD. | 2.6 % |
| LATTICE SEMICONDUCTOR CORP | 2.4 % |
| ADVANCED MICRO DEVICES | 2.3 % |
| STMICROELECTRONICS NV | 2.2 % |
| C3.AI, INC. CLASS A | 2.1 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 2.1 % |
| CADENCE DESIGN SYS INC | 2.1 % |
| INFINEON TECHNOLOGIES AG | 2.1 % |
| AMBARELLA INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 149 |
| Wgt avg mkt cap (mns) | $207,882 |
| Large cap (>$10bn) | 58.1% |
| Mid cap ($2-10bn) | 15.2% |
| Small cap (<$2bn) | 20.5% |
| Developed mkts. | 83.9% |
| Emerging mkts. | 16.1% |
Country Exposure
 |
UNITED STATES | 68.9 % |
 |
TAIWAN | 4.7 % |
 |
NETHERLANDS | 3.6 % |
 |
JAPAN | 3.6 % |
 |
SOUTH KOREA | 3.3 % |
 |
SWITZERLAND | 2.2 % |
 |
GERMANY | 2.1 % |
 |
AUSTRALIA | 1.5 % |
 |
ISRAEL | 1.4 % |
 |
CANADA | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 18.0% | -18.6% | -- | -- | -- | -- | -28.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.30 | 77% |
| MSCI EAFE | 1.34 | 77% |
| MSCI Emg Mkts | 1.06 | 52% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $103,920 |
Technical Indicators
| Recent close | $16.68 |
| 30d moving avg. | $16.82 |
| Annualized volatility | 35.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WTAI |
Expenses vs. WTAI |
ALTAR Score™ vs. WTAI |
|---|---|---|---|---|
| QTUM | Defiance Quantum ETF | 33.4% | -5 bp | +2.2% |
| ROBT | First Trust Nasdaq Artificial Intelligence & Robotics ETF | 30.7% | +20 bp | +0.2% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 28.5% | +11 bp | +3.1% |
| AIQ | Global X Future Analytics Tech ETF | 24.5% | +23 bp | +2.7% |
| XPND | First Trust Expanded Technology ETF | 23.8% | +20 bp | +3.2% |
| XNTK | SPDR NYSE Technology ETF | 23.7% | -10 bp | +2.6% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 23.1% | +25 bp | +3.9% |
| SOXQ | Invesco PHLX Semiconductor ETF | 23.0% | -26 bp | +4.4% |
| SMH | VanEck Semiconductor ETF | 22.8% | -10 bp | +4.0% |
| RYT | Invesco S&P 500 Equal Weight Technology ETF | 22.6% | -5 bp | +4.0% |
Risk and Returns: WTAI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2021 | 2022E | Fwd Est | 2023E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/24/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WTAI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
WTAI
2.0%
Cat. Avg
4.3%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.0% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 337 funds in the Global Equities category, with an average ALTAR Score™
of 4.3% and a standard deviation of
5.0%. WTAI's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places WTAI in the 32nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
WTAI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WTAI | 45.0 | 28.8 | 73.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .