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WISE

GradeBNASDAQ Global Market

Themes Generative Artificial Intelligence ETF

Themes · Themes · Inception 2023-12-08

$35.88−0.36 (−0.99%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Dec 8, 2023.
Intraday session: down, 35 prints from 36.24 to 35.88. Range 35.74 to 36.20. Use the arrow keys to read each point.$35.80$36.00$36.2010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$28M
1Y return
−17.3%
Yield · Last 12 months
Data unavailable
Holdings
42
Volume · 30D
0M sh
NAV per share
$34.88
52W range
low $30.00high $48.91

The ETF.net WISE Grade

B

59/ 100

Rank 9 of 30 in Artificial Intelligence⁠

Confidence High

Six-pillar profile for WISE. Scores out of 100: Cost 97, Risk 11, Mission 69, Tradability 43, Holdings 59, Durability 39. Strongest: Cost (97). Weakest: Risk (11). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 97
    Category rank2/30 · top 7%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 69
    Category rank8/10 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 11
    Category rank26/27 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 43
    Category rank22/30 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank14/27 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 39
    Category rank22/30 · mid-pack

Graded as of Sep 22, 2026

Our read on WISE

ETF.net Research

BMost AI funds are a market-cap ladder with the biggest chipmaker on top. WISE flips it: an index scores companies on how much of their business is genuinely generative AI, keeps the top 40, and weights them by that score. Purity over size, at 0.35% a year.

Stated mandate

The Fund seeks to track, before fees and expenses, an index of companies operating in artificial-intelligence-related industries. It uses passive indexing to follow the Solactive Generative Artificial Intelligence Index.

Why people hold it

  1. 01Charges 0.35% a year, roughly half the median fee among AI-theme ETFs. Cost is where this fund does its clearest work.sec.gov
  2. 02Weights come from theme relevance, not market cap: the higher a company's AI-exposure score, the bigger its slot. The index reconstitutes each February and August.sec.gov
  3. 03An algorithmic screen ranks the field, the index provider strikes names without real AI operations, and the top 40 scores make the book. Rules-based, not a manager's shortlist.sec.govthemesetfs.com
  4. 04Plain plumbing: full replication of the index, with at least 80% of assets in index names and their depositary receipts. No swaps, no synthetic wrapper.sec.gov

Worth knowing

  1. 01Small and thinly traded. Spreads can widen, limit orders earn their keep, and a modest asset base gives a fund less runway than the giants in the category.
  2. 02About 40 names, non-diversified, mixing small caps with mega-cap chipmakers. One theme, concentrated, and the ride reflects that.sec.gov
  3. 03On price alone it does not stand apart: XAIX matches the 0.35% fee and QTUM sits at 0.40%. The differentiator is the relevance-weighted index underneath.

WISE Holdings

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
42
Top-10 weight
44%
Largest holding
NVDA5.2%

Sectors

  • Technology90.8%
  • Consumer Discr.4.0%
  • Communication3.0%
  • Industrials1.3%
  • Health Care0.8%
  • Utilities0.2%

Geography

  • United States81.33%
  • China8.02%
  • Japan5.56%
  • United Kingdom4.29%
  • Cayman Islands0.80%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp5.22%6,478$1M828
002AMDAdvanced Micro Devices Inc5.12%2,520$1M618
003SNOWSnowflake Inc4.92%4,081$1M321
004IIIInformation Services Group Inc4.45%236,089$1M64
005GOOGLAlphabet Inc4.43%3,493$1M704
0063896.HKKingsoft Cloud Holdings Ltd4.29%1,803,521$1M43
007PLTRPalantir Technologies Inc4.08%6,330$1M503
008CAICaris Life Sciences Inc4.06%37,352$1M83
009BBAIBIGBEAR.AI HOLDINGS INC3.92%385,978$1M56
010AIC3.ai Inc3.85%101,322$1M86
011SPAISafe Pro Group Inc3.52%222,279$971K4
012ORCLOracle Corp3.49%6,511$961K448
013AVGOBroadcom Inc3.48%2,689$960K732
014AMBAAmbarella Inc3.44%14,345$949K70
0153993.TPKSHA Technology Inc3.23%44,100$889K14

Showing 1–15 of 46 holdings

WISE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

WISE$8,267
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. WISE $8,267. SPY $11,723. Use the arrow keys to read each point.$6,492$9,322$12,152Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WISE. Periods over one year show the average yearly return.
PeriodWISE
Year to date−7.0%
1 month−1.6%
3 months−8.3%
1 year−17.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WISE
YearReturn barWISE
2026 YTD−7.0%
2025+5.8%
2024+40.4%
2023+7.5%

Since listing, Dec 8, 2023

WISE in the news

ETF.net Research hasn’t filed on WISE yet — coverage lands here as it’s written.

WISE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.61 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 18, 2025 $1.61. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$1.61

WISE Risk

How much the fund’s monthly returns vary, scaled to a year.
31.2%
Annualised · 32 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.40
vs 3-month T-bills · 32 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−39.2%
33 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

WISE Cost

Expense ratio0.35%
  • The middle half of Artificial Intelligence funds
  • Median 0.65%

No Artificial Intelligence fund charges less.

WISE costs $35.00 a year on $10,000. The median Artificial Intelligence fund costs $65.00.