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ETFs

WisdomTree Artificial Intelligence and Innovation Fund

WTAI
$--
Today’s Change
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Snapshot
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Inception Date
Dec 09 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$1,746,389
AUM
$143,030,689
Associated Index
WisdomTree Artificial Intelligence & Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

3661
Alchip Technologies Ltd.
3.33%
NVDA
NVIDIA Corp
2.78%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.42%
SNPS
Synopsys, Inc.
2.26%
CDNS
Cadence Design Systems, Inc.
2.16%
IONQ
IonQ Inc
2.15%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.10%
TSM
Taiwan Semiconductor Manufacturing - ADR
1.95%
STMPA
ST Microelectronics
1.94%
MU
Micron Technology Inc.
1.94%
Invest with WTAI

What is WTAI?

The WisdomTree Artificial Intelligence & Innovation Index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in the investment theme of Artificial Intelligence and Innovation.

ETFs related toWTAI

ETFs correlated to WTAI include XT, FXL, QTUM

WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

WTAI is a Global Equities ETF. The WisdomTree Artificial Intelligence & Innovation Index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primarily involved in the investment theme of Artificial Intelligence and Innovation.

WTAI tracks the WisdomTree Artificial Intelligence & Innovation Index.

No, WTAI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, WTAI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on WTAI is -0.0282%. This is the percent change in the value of WTAI over the most recent 1-month period. The 3-month return on WTAI is -0.0523%. This is the percent change in the value of WTAI over the most recent 3-month period.

The standard deviation of WTAI for the past year is 0.2989%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to WTAI include PBW, IGF, and ARKK.

ETFs correlated to WTAI include XT, FXL, and QTUM.

ETFs that are inversely correlated to WTAI include HIBS, BERZ, and SQQQ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.