Themes Generative Artificial Intelligence ETF (WISE) Performance
WISE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −18.5% since Dec 31, 2025
- 1 year
- −26.1% total return
- Since first price
- +30.4% since 2023
WISE trailing returns vs SPY, QQQ, AGG
| Period | WISE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −11.1% | −11.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.3% | −6.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −13.1% | −13.1% | +7.8% | +8.4% | −1.5% |
| YTD | −18.5% | −18.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −26.1% | −29.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 8, 2023 | +30.4% | +25.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: WISE vs SPY
From Dec 8, 2023: WISE grew to $13,037, SPY to $17,123.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WISE returns by calendar year
2 of 2 full years positive. Best 2024 (+40.4%), worst 2025 (+5.9%). 2026 is year to date.
WISE annual returns table
| Year | WISE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −18.5% | −30.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.9% | −39.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +40.4% | −20.8% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
WISE largest drawdowns
Now 30.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2025 | −39.2% | Apr 8, 2025 | Sep 17, 2025 | 54 days | 7 months |
| Oct 15, 2025 | −34.1% | Mar 30, 2026 | not yet | 5 months | 1.0 years so far |
| Mar 7, 2024 | −20.8% | Aug 5, 2024 | Nov 7, 2024 | 5 months | 8 months |
| Dec 26, 2024 | −14.1% | Jan 13, 2025 | Feb 7, 2025 | 18 days | 43 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
WISE risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +11.5% |
| Volatility (annualized) | 30.8% |
| Sharpe ratio | 0.36 |
| Sortino ratio | 0.61 |
| Best month | +18.6% |
| Worst month | −12.1% |
| Best 12 months | +56.8% |
| Worst 12 months | −15.7% |
| Positive months | 52% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
WISE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | −28.8% | +11.6% | +56.8% | 83% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
WISE performance overview
Themes Generative Artificial Intelligence ETF (WISE) returned −26.1% over the past year, with distributions reinvested. Since its first recorded price on Dec 8, 2023 it has returned +30.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.2%, from Feb 13, 2025 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 30.8% a year.
Related: WISE chart, WISE holdings, WISE dividends. See the WISE overview for the latest quote and fund facts.
WISE performance FAQ
What is the WISE return over the past year?
WISE returned −26.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 29.1%.
How much would $10,000 invested in WISE be worth?
$10,000 invested in WISE at its first recorded close on December 8, 2023 would be worth about $13,037 on October 23, 2026 with distributions reinvested.
What was the worst year for WISE?
The worst calendar year was 2025, with a total return of +5.9%. The best was 2024 at +40.4%.
What is the biggest drawdown of WISE?
The largest peak-to-trough decline was −39.2% between February 13, 2025 and April 8, 2025. It recovered to the old high on September 17, 2025, 5 months after the bottom.
How volatile is WISE?
Over the past history WISE had an annualized volatility of 30.8% and a Sharpe ratio of 0.36 (excess return over 1–3 month T-bills per unit of risk).