WBAT
WisdomTree Battery Value Chain and Innovation Fund
WBAT tracks a tier-weighted index that provides global exposure to companies involved in battery & energy storage solutions and innovation. The index uses a multi-factor investment process to select and weight equities.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.8 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 17, 2022 |
| Assets (mns) | $3 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BLINK CHARGING CO | 4.6 % |
| ARCHER AVIATION INC CLASS A | 3.5 % |
| JOBY AVIATION, INC. | 3.4 % |
| BLOOM ENERGY CORPORATION CLASS A | 3.2 % |
| TDK CORP | 3.1 % |
| WARTSILA OYJ | 3.1 % |
| MITSUBISHI HEAVY INDUSTRIES | 2.5 % |
| ENERSYS | 2.5 % |
| ROLLS-ROYCE GROUP PLC | 2.0 % |
| FUELCELL ENERGY, INC. | 1.9 % |
Constituent Breakdown
| Number of holdings | 130 |
| Herfindahl-Hirschman Index | 156 |
| Wgt avg mkt cap (mns) | $18,111 |
| Large cap (>$10bn) | 30.3% |
| Mid cap ($2-10bn) | 37.0% |
| Small cap (<$2bn) | 32.7% |
| Developed mkts. | 62.0% |
| Emerging mkts. | 38.0% |
Country Exposure
 |
UNITED STATES | 27.1 % |
 |
CHINA | 20.6 % |
 |
JAPAN | 16.1 % |
 |
GERMANY | 5.8 % |
 |
SOUTH KOREA | 3.7 % |
 |
AUSTRALIA | 3.2 % |
 |
FINLAND | 3.1 % |
 |
NETHERLANDS | 2.7 % |
 |
TAIWAN | 2.3 % |
 |
BRITAIN | 2.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -13.3% | 1.0% | -8.6% | -- | -- | -- | -14.5% | Volatility | 22.9% | 23.4% | 22.7% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 59% |
| MSCI EAFE | 1.22 | 67% |
| MSCI Emg Mkts | 1.16 | 62% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $24,054 |
Technical Indicators
| Recent close | $27.73 |
| 30d moving avg. | $27.26 |
| Annualized volatility | 26.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WBAT |
Expenses vs. WBAT |
ALTAR Score™ vs. WBAT |
|---|---|---|---|---|
| BATT | Amplify Lithium & Battery Technology ETF | 17.0% | +14 bp | +0.4% |
| LIT | Global X Lithium & Battery Tech ETF | 16.6% | +30 bp | +9.5% |
| EV | Mast Global Battery Recycling & Production ETF | 16.4% | +20 bp | +12.7% |
| BNE | Blue Horizon BNE ETF | 14.5% | +42 bp | +5.1% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 14.3% | +27 bp | +1.5% |
| IBAT | iShares Energy Storage & Materials ETF | 11.6% | +2 bp | +3.7% |
| LIMI | Themes Lithium & Battery Metal Miners ETF | 11.3% | -10 bp | +5.1% |
| CLNR | IQ Cleaner Transport ETF | 11.2% | 0 bp | +7.3% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 10.4% | +23 bp | +5.3% |
| PBD | Invesco Global Clean Energy ETF | 10.2% | +30 bp | -4.7% |
Risk and Returns: WBAT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/12/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WBAT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
WBAT
-0.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. WBAT's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places WBAT in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WBATSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| WBAT (45 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WBAT | 45.0 | 29.8 | 74.8 |
| Peer Avg. | 51.7 | 32.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .