IVES vs. WTAI ETF Comparison
Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to WisdomTree Artificial Intelligence and Innovation Fund (WTAI)
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”
Grade (RS Rating)
Last Trade
$49.21
Average Daily Volume
1,131
36
WTAI
WisdomTree Artificial Intelligence and Innovation Fund
WTAI Description
WisdomTree Artificial Intelligence and Innovation Fund is an exchange traded fund launched by WisdomTree Investments, Inc. The fund is co-managed by Mellon Investments Corporation and WisdomTree Asset Management, Inc. It invests in public equity markets across the globe. The fund invests in stocks of companies operating across information technology, semiconductors and semiconductor equipment, software and services, software, system software, software research, artificial intelligence software and technology hardware and equipment sectors. It invests in growth and value stocks of diversified market cap companies. It seeks to track the performance of the WisdomTree Artificial Intelligence & Innovation Index, by using representative sampling technique. WisdomTree Artificial Intelligence and Innovation Fund is domiciled in the United States.Grade (RS Rating)
Last Trade
$21.72
Average Daily Volume
51,600
61
Performance
| Period | IVES | WTAI |
|---|---|---|
| 30 Days | 7.17% | 6.06% |
| 60 Days | 5.41% | 10.82% |
| 90 Days | 7.27% | 8.93% |
| 12 Months | 43.26% | 18.13% |
22 Overlapping Holdings
| Symbol | Grade | Weight in IVES | Weight in WTAI | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 2.12% | 2.23% | 2.12% | |
| AMD | F | 1.8% | 1.66% | 1.66% | |
| AMZN | C | 2.4% | 2.07% | 2.07% | |
| AVGO | D | 2.14% | 2.43% | 2.14% | |
| CDNS | B | 2.38% | 1.97% | 1.97% | |
| DDOG | A | 2.16% | 1.3% | 1.3% | |
| DELL | B | 2.43% | 0.93% | 0.93% | |
| DOCN | C | 1.92% | 1.6% | 1.6% | |
| GOOGL | C | 2.33% | 2.22% | 2.22% | |
| GTLB | B | 2.56% | 1.13% | 1.13% | |
| HPE | B | 2.26% | 1.17% | 1.17% | |
| HPQ | B | 2.21% | 1.14% | 1.14% | |
| INTC | C | 2.29% | 0.53% | 0.53% | |
| MDB | B | 2.36% | 0.78% | 0.78% | |
| MRVL | B | 2.71% | 2.43% | 2.43% | |
| MSFT | D | 2.18% | 1.88% | 1.88% | |
| MU | D | 2.18% | 1.54% | 1.54% | |
| NVDA | B | 2.55% | 3.46% | 2.55% | |
| QCOM | F | 2.08% | 1.78% | 1.78% | |
| SNOW | B | 2.35% | 0.8% | 0.8% | |
| SNPS | B | 2.38% | 1.85% | 1.85% | |
| TEAM | A | 3.08% | 1.38% | 1.38% |
IVES Underweight 39 Positions Relative to WTAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | B | -2.64% | |
| PLTR | B | -2.63% | |
| META | D | -2.56% | |
| TSM | B | -2.4% | |
| ARM | F | -2.38% | |
| IOT | A | -1.83% | |
| RBLX | C | -1.74% | |
| ZS | B | -1.67% | |
| ISRG | A | -1.64% | |
| NOW | A | -1.59% | |
| CRWD | B | -1.5% | |
| NET | B | -1.45% | |
| S | B | -1.42% | |
| AVAV | C | -1.37% | |
| ASML | F | -1.34% | |
| NICE | D | -1.23% | |
| AMBA | B | -1.22% | |
| TER | F | -1.19% | |
| ALTR | B | -1.18% | |
| ESTC | C | -1.16% | |
| DT | D | -1.15% | |
| OKTA | C | -1.1% | |
| FROG | C | -1.06% | |
| PTC | B | -1.02% | |
| ADI | D | -0.94% | |
| LMT | D | -0.94% | |
| DE | B | -0.81% | |
| RXRX | F | -0.78% | |
| NXPI | D | -0.78% | |
| PATH | C | -0.76% | |
| GFS | C | -0.75% | |
| SYNA | C | -0.74% | |
| ADBE | C | -0.71% | |
| PRO | C | -0.68% | |
| MCHP | F | -0.66% | |
| LSCC | D | -0.66% | |
| SLP | D | -0.65% | |
| U | C | -0.65% | |
| SDGR | C | -0.61% |
IVES: Top Represented Industries & Keywords
WTAI: Top Represented Industries & Keywords
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