At a glance
WISE charges 0.35% a year, below the 0.37% average of the 4 funds most like it (the 3rd cheapest of 5). It has $33.6M in assets, the 5th largest of that group; it paid 4.92% of its price in distributions over the past 12 months, annual. Over the past year it returned −27.8% with distributions reinvested (S&P 500: +11.5%), the weakest of those 5 funds. Its ten largest positions make up 51.4% of the fund, out of 41 in all.
The short version
Themes Generative Artificial Intelligence ETF (WISE) tracks the Solactive Generative Artificial Intelligence Index, about 40 companies that earn at least half their revenue from AI-related businesses. It weights them by an AI-exposure score rather than size, so QuickLogic (7.5%) outweighed NVIDIA (4.7%) as of June 30, 2026. Returns have swung hard, including a 27.8% loss in the year to October 27, 2026, and the fee is 0.35% a year.
Price history
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WISE -27.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| WISE official prospectus, to Dec 31, 2025 | — | +5.60% | — | — | — | +26.31% |
| WISE price data to Oct 27, 2026 | -16.0% | -27.8% | — | — | — | +10.8% |
- Over the year to Oct 27, 2026, WISE returned -27.8%, 5th of 5 among similar funds.
- Its worst full calendar year was 2025 (+5.8%); its best was 2024 (+40.5%).
- The deepest fall in its price history was 39.2% (Feb 13, 2025 to Apr 8, 2025), recovered by Sep 17, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -16.0% | — |
| 2025 | +5.8% | +5.60% |
| 2024 | +40.5% | +41.18% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $1.6100 |
What's inside
As of Jun 30, 2026, the fund held 41 securities; the ten largest made up 51.38% of assets.
| Holding | Weight | |
|---|---|---|
| Advanced Micro Devices Inc | 11.40% | |
| QuickLogic Corp | 7.52% | |
| Gorilla Technology Group Inc | 5.48% | |
| Snowflake Inc | 5.15% | |
| NVIDIA Corp | 4.69% | |
| Broadcom Inc | 3.53% | |
| Amazon.com Inc | 3.46% | |
| Information Services Group Inc | 3.44% | |
| BigBear.ai Holdings Inc | 3.37% | |
| SoundHound AI Inc | 3.34% | |
| Palantir Technologies Inc | 3.17% | |
| Blaize Holdings Inc | 3.13% | |
| Datasection Inc | 3.07% | |
| Alphabet Inc | 2.91% | |
| C3.ai Inc | 2.79% |
By country
United States 80.89%United Kingdom 6.83%Japan 6.03%Australia 2.54%China 2.29%By asset type
Stocks 99.9%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $2.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +17.03%, +16.84%, -12.08%.
How it works
WISE is a passive index fund: it aims to match the Solactive Generative Artificial Intelligence Index, before fees, rather than pick stocks. Solactive AG, which is independent of the fund's adviser, Themes Management Company, runs the index. It starts with developed-market companies, such as those listed in the US, Japan or the UK, worth at least $100 million and trading at least $1 million a day on average.
Solactive's language-processing software, ARTIS, scans news and company reports for businesses tied to AI. A company qualifies only if at least 50% of its revenue comes from AI computing and software, data analytics, natural language processing (software that understands human speech and text), or AI-driven services and hardware such as chips. Each gets a score, Solactive drops any without relevant business, and the top 40 by score make the cut. Weights follow the score, not company size, so the more AI exposure, the bigger the slice. As of December 31, 2025, index members ranged from $143.6 million to $4.5 trillion in market value.
The index is rebalanced on the last weekday of February and August, when weights reset to fresh scores; in between, they drift with prices. Turnover, roughly the share of the portfolio replaced in a year, was 74%, and that trading can add costs beyond the 0.35% fee.
What it really costs
- WISE charges 0.35% a year, versus an average of 0.37% for the similar funds below (3rd of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $443 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| WISE | $36 | $113 | $197 | $443 |
In a retirement portfolio
A concentrated, score-weighted basket of about 40 AI stocks with a one-year beta of 2.13 and a 39.2% peak-to-trough drop suits a small slice of a portfolio, not its core.
WISE could add AI exposure that reaches past the biggest tech names. Launched December 8, 2023, it has no record in the 2008, 2020 or 2022 downturns. Its deepest drop was 39.2%, from February 13 to April 8, 2025, and took 5.3 months to recover. Its weakest full calendar year was 2025, a 5.6% gain, but it fell 16% in 2026 through October 27, and its one-year beta of 2.13 implies swings about twice the market's. Withdrawals in a slump could lock in steep losses.
It paid $1.61 per share over the 12 months to October 27, 2026, a 4.92% yield, but in one annual payment that can vary widely. The 0.35% fee comes to $36 in year one and $443 over 10 years in the SEC's $10,000 example. Past results don't predict the future, and a plan needs to look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a small AI position that reaches beyond the giants into names like QuickLogic, BigBear.ai, SoundHound AI and C3.ai.
- People who can hold through steep drops, like the 39.2% fall between February and April 2025, without needing to tap the money.
- Fee-conscious investors seeking an AI theme: its 0.35% fee matches XAIX and sits just below the 0.37% average of similar funds.
Look elsewhere if
- Retirees who rely on steady income: the 4.92% trailing yield arrived as a single annual payment, which can vary widely from year to year.
- Investors wanting AI exposure weighted toward the biggest, most established companies; NVIDIA was just 4.7% and Alphabet 2.9% as of June 30, 2026.
- Those wary of small, young funds: it launched in December 2023 and held $33.6 million in net assets as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| WISE this fund | — | 0.35% | $33.6M | -27.8% | — |
| XAIX Xtrackers Artificial Intelligence and Big D… | 22% | 0.35% | $173.4M | +31.0% | — |
| SFYF SoFi Social 50 ETF | 21% | 0.29% | $42.5M | +12.7% | +38.8% |
| PGRO Putnam Focused Large Cap Growth ETF | 21% | 0.56% | $212.1M | +3.1% | +24.6% |
| QGRW WisdomTree U.S. Quality Growth Fund | 20% | 0.28% | $2.65B | +12.3% | +30.1% |
Questions investors ask
What stocks are in the WISE ETF?
WISE had 41 holdings as of June 30, 2026, chosen to match the Solactive Generative Artificial Intelligence Index. The largest were Advanced Micro Devices (11.4%), QuickLogic (7.5%), Gorilla Technology Group (5.5%), Snowflake (5.1%) and NVIDIA (4.7%), followed by Broadcom, Amazon, Information Services Group, BigBear.ai and SoundHound AI. The top 10 made up 51.4% of the fund. About 81% was in US companies, with the rest mainly in the UK, Japan, Australia, China and Hong Kong.
What is the WISE expense ratio?
WISE's expense ratio, the yearly fee taken from fund assets, is 0.35%, all of it a management fee, according to its prospectus filed January 27, 2026. In the SEC's standard example, which assumes $10,000 invested and a 5% yearly return, costs come to about $36 after one year, $113 after three, $197 after five and $443 after 10. That matches Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and is slightly below the 0.37% average for similar funds.
What's the difference between WISE and XAIX?
They charge the same 0.35% fee but differ sharply in size and results. Both are AI-focused ETFs, and about 22% of their holdings overlap. WISE weights roughly 40 stocks by an AI-exposure score, so QuickLogic, BigBear.ai and SoundHound AI each held over 3% as of June 30, 2026, when WISE had $33.6 million in net assets. XAIX had $173.4 million as of August 31, 2026. Over the year to October 27, 2026, XAIX gained 31% while WISE lost 27.8%.
Does WISE pay dividends?
Yes, once a year. WISE paid $1.61 per share over the 12 months to October 27, 2026, a trailing yield of 4.92% (the past year's payouts divided by the share price). A single annual payment can vary widely from one year to the next, and the fund's goal is to track AI companies, not to produce income. Investors who need steady cash flow may want to compare funds that pay monthly or quarterly.
Is WISE ETF risky?
Yes, it has been very volatile. According to its prospectus, WISE gained 41.18% in 2024 and 5.6% in 2025, but its worst quarter, the first of 2025, brought a 19.92% loss. Its deepest drop was 39.2%, from February 13 to April 8, 2025, and it recovered by September 17, 2025. It then fell 27.8% over the year to October 27, 2026. Its one-year beta of 2.13 means it moved roughly twice as much as the broad market.