WTAI vs FSMB

Comparison between WISDOMTREE ARTIFICIAL INTELLIGENCE AND INNOVATION FUND (WTAI, ETF) and FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF).

5-Year PerformanceWTAI has outperformed FSMB, delivering a return of +12.2% compared to +1.4%

WTAI vs FSMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WTAI(ETF)	FSMB(ETF)
Net Assets	$625M	$622M
Expense Ratio	0.45%	0.34%
Max Drawdown	45.92%	7.98%
Sharpe Ratio	1.41	-0.86
5Y Beta	1.72	-0.00
P/E Ratio	44.53	N/A
Forward P/E	24.39	N/A
PEG Ratio	0.20	N/A
5Y Dividends CAGR	N/A	18.00%
5Y EPS CAGR	33.17%	N/A
P/S Ratio	5.95	N/A
P/B Ratio	11.46	N/A

Net Assets

Winner

WTAI

$625M

FSMB

$622M

Expense Ratio

WTAI

0.45%

Winner

FSMB

0.34%

Max Drawdown

WTAI

45.92%

Winner

FSMB

7.98%

Sharpe Ratio

Winner

WTAI

1.41

FSMB

-0.86

5Y Beta

WTAI

1.72

Winner

FSMB

-0.00

P/E Ratio

WTAI

44.53

FSMB

N/A

Forward P/E

WTAI

24.39

FSMB

N/A

PEG Ratio

WTAI

0.20

FSMB

N/A

5Y Dividends CAGR

WTAI

N/A

FSMB

18.00%

5Y EPS CAGR

WTAI

33.17%

FSMB

N/A

P/S Ratio

WTAI

5.95

FSMB

N/A

P/B Ratio

WTAI

11.46

FSMB

N/A

WTAI vs FSMB - Historical Returns

Returns include dividend reinvestment.

Period	WTAI	FSMB
1 month	+9.27%	+0.24%
3 months	-3.07%	+0.35%
6 months	+38.55%	-0.15%
1 year	+64.70%	+2.48%
5 years(CAGR)	+12.23%	+1.43%
Max(CAGR)	+12.23%	+2.13%

Winner

WTAI

+9.27%

FSMB

+0.24%

WTAI

-3.07%

Winner

FSMB

+0.35%

Winner

WTAI

+38.55%

FSMB

-0.15%

Winner

WTAI

+64.70%

FSMB

+2.48%

5Y(CAGR)

Winner

WTAI

+12.23%

FSMB

+1.43%

Max(CAGR)

Winner

WTAI

+12.23%

FSMB

+2.13%

WTAI vs FSMB - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	WTAI	FSMB
2026	+41.12%	+1.23%
2025	+34.09%	+4.14%
2024	+10.20%	+2.35%
2023	+47.35%	+3.49%
2022	-42.97%	-3.93%
2021	-0.83%	+1.17%
2020	N/A	+3.44%
2019	N/A	+3.90%
2018	N/A	+0.61%

WTAI vs FSMB Drawdown Comparison

The maximum drawdown for WTAI was -45.92%, occurring on Oct 14, 2022. Recovery took 891 trading sessions.

The maximum drawdown for FSMB was -6.32%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.

The current WTAI drawdown is -13.69%. The current FSMB drawdown is -0.26%.

Rank	WTAI	FSMB
#1	-45.92% Dec 27, 2021 - Jul 17, 2025	-6.32% Mar 6, 2020 - Jul 16, 2020
#2	-27.61% Jun 22, 2026 - Jul 29, 2026	-5.97% Jul 28, 2021 - Jul 9, 2024
#3	-15.42% Nov 3, 2025 - Apr 13, 2026	-1.76% Apr 3, 2025 - Jun 4, 2025
#4	-12.30% Jun 2, 2026 - Jun 18, 2026	-1.29% Feb 26, 2026 - Jun 26, 2026
#5	-5.13% May 14, 2026 - May 21, 2026	-0.93% Feb 10, 2021 - Apr 15, 2021
#6	-4.64% Dec 9, 2021 - Dec 23, 2021	-0.82% Oct 2, 2024 - Nov 27, 2024
#7	-4.60% Oct 9, 2025 - Oct 24, 2025	-0.80% Dec 9, 2024 - Jan 30, 2025
#8	-4.46% Jul 30, 2025 - Aug 12, 2025	-0.79% Jul 6, 2026 - Aug 13, 2026
#9	-4.05% Aug 13, 2025 - Aug 28, 2025	-0.63% Aug 11, 2020 - Nov 4, 2020
#10	-3.15% Apr 27, 2026 - May 1, 2026	-0.55% Mar 10, 2025 - Apr 3, 2025
#11	-3.12% May 11, 2026 - May 14, 2026	-0.53% Aug 28, 2019 - Oct 9, 2019
#12	-2.81% Aug 28, 2025 - Sep 8, 2025	-0.39% Sep 17, 2025 - Nov 26, 2025
#13	-1.93% Sep 22, 2025 - Oct 2, 2025	-0.30% Feb 6, 2025 - Feb 21, 2025
#14	-1.70% Oct 6, 2025 - Oct 8, 2025	-0.29% Nov 1, 2019 - Nov 21, 2019
#15	-1.59% Apr 22, 2026 - Apr 24, 2026	-0.28% Aug 13, 2026 - Aug 20, 2026