Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 24th, 2026

WisdomTree (NYSE:WT – Get Free Report) is projected to announce its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to post earnings of $0.26 per share and revenue of $170.62 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.

WisdomTree (NYSE:WT – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WisdomTree Price Performance NYSE:WT opened at $19.76 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 48.20 and a beta of 1.18. WisdomTree has a 52-week low of $10.69 and a 52-week high of $21.23. The stock has a fifty day moving average of $18.66 and a 200 day moving average of $16.94. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57.

WisdomTree Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio is currently 29.27%.

Insider Transactions at WisdomTree In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the chief operating officer directly owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider owned 157,499 shares in the company, valued at approximately $2,844,431.94. The trade was a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of WisdomTree by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after acquiring an additional 1,521,599 shares during the last quarter. Simcoe Capital Management LLC grew its stake in shares of WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after purchasing an additional 535,015 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in WisdomTree by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares during the period. Goldman Sachs Group Inc. increased its holdings in WisdomTree by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock valued at $41,320,000 after purchasing an additional 1,823,777 shares during the period. Finally, Geode Capital Management LLC increased its holdings in WisdomTree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,796,512 shares of the company’s stock valued at $34,093,000 after purchasing an additional 26,776 shares during the period. Institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on the company. Raymond James Financial began coverage on WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. Morgan Stanley upped their price objective on shares of WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Northland Securities set a $22.00 price target on shares of WisdomTree in a research note on Tuesday, June 2nd. Finally, Oppenheimer increased their price target on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average price target of $20.06.

View Our Latest Stock Analysis on WisdomTree

WisdomTree Company Profile (Get Free Report)

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

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(Kitco News) - Silver's brutal correction from January's record highs has disappointed investors, but one precious metals strategist says lower prices are exactly what the market needs to build a more sustainable bull market.

In his latest outlook, Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, said silver should recover toward $70 an ounce by the second quarter of 2027, supported primarily by stronger gold prices. But unlike the speculative frenzy that briefly pushed silver above $120 an ounce earlier this year, the next advance is expected to be driven by improving fundamentals rather than momentum trading.

"Silver's exuberance in January 2026 is now clearly in the rear-view mirror," Shah wrote. "We therefore see silver rising towards US$70/oz, but view this as a fundamentally supported move rather than a repeat of January's speculative spike."

Despite persistent volatility, silver has managed to hold critical support above $50 an ounce. Spot silver last traded at $59.72 an ounce, up nearly 2% on the day.

In an interview with Kitco News last month, Shah said investors should not interpret silver’s months-long correction as evidence that the precious metals long-term outlook has deteriorated. Instead, he argued the metal is simply following gold—as it always has.

"Silver just moves with gold, right? With a high beta,” he said. “It was true on the way up, it's got to be true on the way down."

Although painful for investors, Shah said lower prices are welcome for industrial consumers that struggled with January's rally.

WisdomTree's report warns that silver prices above $120 an ounce would have accelerated industrial demand destruction, while even prices around $60 an ounce are likely to encourage manufacturers to reduce silver usage where possible. Softer Chinese solar demand, easing inventory tightness and a gradual increase in mine supply should also help cool the market after January's speculative surge.

During the interview, Shah also expanded on that theme, noting that manufacturers have been forced to absorb a dramatic increase in input costs despite the recent correction.

"Silver's down, what, 18% year-to-date? That sounds huge, but if you look at where silver was one year ago, we're 60% up from that," he said. "Manufacturers have to face a 60% higher cost. That's not easy to bear."

He added that the pressure is particularly acute in the solar sector, where silver represents a meaningful share of production costs.

"When you're a solar panel manufacturer, for example, silver's a large part of your cost base. You'd look to other technologies," he said.

Shah said bringing prices back to more sustainable levels ultimately protects one of silver's biggest long-term advantages—its growing industrial demand.

At the same time, he remains constructive on the investment outlook because silver should continue benefiting from the same macroeconomic forces supporting gold. WisdomTree expects gold to climb above $4,560 an ounce within the next 12 months, providing the primary catalyst for silver's recovery.

Unlike gold, however, silver's smaller market and larger retail investor base make it inherently more volatile.

"Silver is a smaller market than gold and has a significant degree of retail participation," Shah wrote. "As a result, it is more prone to speculative episodes.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

On July 09, 2026, WisdomTree Inc (WT) shares rose 6.2% today, bringing the current price to $19.86. Over the past year, the stock has traded within a 52-week ra

NEW YORK--(BUSINESS WIRE)--WisdomTree today announced the launch of the WisdomTree Space Economy Fund (WSPC).

(Kitco News) - After a wild start to the year, gold's sharp correction has brought prices back toward fair value rather than signaling the end of the precious metal's secular bull market, according to one market strategist.

In an interview with Kitco News, Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, said he sees an opportunity for gold to recover this year, as investors have become too aggressive in pricing in future Federal Reserve rate hikes following the central bank's hawkish guidance at its June monetary policy meeting.

"I think the market's gotten a little bit ahead of itself," Shah said, referring to expectations for tighter monetary policy.

Shah said investors are placing too much weight on policymakers' projections while overlooking the broader economic constraints facing the central bank.

"I don't think I'm fully convinced we're going to get that many hikes that soon," he said. "Yes, the labor market's strong-ish and inflation's high, but the narrative isn't that different."

Shah pointed out that if the Federal Reserve aggressively reduces the size of its balance sheet, that tightening would reduce the need for multiple interest rate increases.

"I think that's going to be monetary tightening in and of itself, and that will give less bandwidth for the hikes," he said.

He also questioned whether policymakers can realistically maintain a prolonged hawkish stance given the government's mounting debt burden.

"Getting hawkish just means the interest payment bill goes significantly higher," he said. "At some point, if you hike, you will be forced to cut them straight after because you've engineered your own recessionary-type scenario or a disruptive unraveling of the financial system."

Rather than seeing the recent decline as the start of a prolonged bear market, Shah described the correction as a healthy normalization after speculative excess pushed prices well beyond fundamental value earlier this year.

"I think prices just got too high," he said. "It doesn't surprise me that much that prices have fallen since then, largely correcting for what looked like frothiness."

Shah said his gold valuation model, which incorporates factors such as bond yields, the U.S. dollar, inflation, and speculative positioning, showed gold trading at an unusually large premium to fair value in January. That gap has now largely disappeared.

"If I revert back to my model, the gap between the actual prices and my model was massively wide in January," he said. "Now they're pretty much aligned with each other. I don't think we're massively far from fair value in gold prices."

That alignment leaves the precious metal well positioned to resume its longer-term advance if the macroeconomic backdrop evolves as expected.

"Should inflation remain elevated, should bond yields contract a little bit more, should the dollar depreciate, then there's upside potential from gold here onwards," Shah said.

According to Shah, the most important variable for gold remains the long-term direction of the U.S. dollar.

Although the dollar has strengthened in recent months as markets have priced in a more hawkish Federal Reserve, Shah believes the rally will ultimately prove temporary.

"I think the structural story for dollar depreciation still is there," he said.

He pointed to persistent U.S. fiscal deficits and current account imbalances as fundamental drivers that should eventually weigh on the greenback.

"Deficits on the budget and on the current account at some point should start to move towards more downward pressure," he said. "Right now, I think the dollar is strong just because of the expectations of higher Fed funds rates, which I also think may be a little bit misplaced."

Shah also expects easing geopolitical tensions and improved global energy supplies to help moderate inflation over the medium term, reducing pressure on the Federal Reserve to continue tightening policy aggressively.

Against that backdrop, WisdomTree is maintaining its long-term bullish outlook for bullion, expecting prices to be 25% higher by Q1 2027.

"I still think over $5,000 is easily achievable," he said.

While he acknowledged that some of the extraordinary buying momentum seen earlier this year may not return immediately, Shah said several structural sources of demand remain firmly in place.

He highlighted continued central bank accumulation, citing the World Gold Council's latest reserve manager survey which showed a record share of respondents planning to increase their gold holdings over the next year.

"Central banks certainly probably would be buying, and probably buying more now that price has eased," he said.

Despite gold's recent weakness, Shah said long-term investors should distinguish between tactical market positioning and gold's strategic role within diversified portfolios.

"There are a variety of investors," he said. "Some look at gold as a core strategic holding and then may top up with big tactical allocations.”

“We are seeing a little bit more inflow into our gold products, actually," Shah said. "Maybe it's to do with the fact that it's become a little bit cheaper."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced that it received a top honor at the 2026 InvestmentNews Awards, with WisdomTree named ETF Provider of the Year.

The ETF Provider of the Year category recognizes WisdomTree's excellence in product innovation, advisor education, operational effectiveness, and leadership within the ETF market over the past 12 months. Through a combination of investment innovation, thought leadership, and advisor engagement, the firm has built a reputation for delivering solutions that address real portfolio challenges while empowering advisors with the tools, insights, and resources needed to support long-term client success.

"We are honored to be recognized by InvestmentNews and grateful to our clients, partners, and employees who have helped make these achievements possible," said Jonathan Steinberg, Chief Executive Officer, WisdomTree. "For more than two decades, our goal has been to anticipate where the industry is headed and equip advisors with innovative solutions that help them better serve their clients. This recognition is a testament to our team's relentless commitment to that mission."

The InvestmentNews Awards celebrate the professionals and organizations redefining the future of wealth management through innovation, integrity and impact. Winners are recognized for demonstrating excellence across product development, advisor support and industry leadership. The awards were presented at the 2026 InvestmentNews Awards gala in New York City on June 24.

For more information about the 2026 Investment News Awards and to see the complete list of winners, visit https://investmentnewsawards.com/2026-winners-excellence-awardees.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $165.3 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.
For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260626388081/en/

NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced it has been recognized with two honors at The Future of Finance Awards 2026, receiving Best Digital Asset Fund Issuer in North America and Best Tokenized Transfer Agent for WisdomTree Transfers, Inc. Presented annually by Future of Finance, the awards recognize organizations advancing innovation across financial services, digital assets, tokenization and next-generation market infrastructure. T.

The WisdomTree Japan Opportunities Fund (OPPJ - Free Report) was launched on 06/28/2013, and is a smart beta exchange traded fund designed to offer broad exposure to the Asia-Pacific (Developed) ETFs category of the market.

What Are Smart Beta ETFs?The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.

A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.

On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.

Fund Sponsor & IndexThe fund is managed by Wisdomtree, and has been able to amass over $294.77 million, which makes it one of the average sized ETFs in the Asia-Pacific (Developed) ETFs. OPPJ seeks to match the performance of the WISDOMTREE JAPAN OPPORTUNITIES INDEX before fees and expenses.

The WisdomTree Japan Opportunities Index tracks the performance of Japanese companies.

Cost & Other ExpensesExpense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.

Annual operating expenses for this ETF are 0.58%, making it on par with most peer products in the space.

It's 12-month trailing dividend yield comes in at 1.46%.

Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

When you look at individual holdings, Marubeni Corpaccounts for about 10.14% of the fund's total assets, followed by Mitsui & Co Ltd and Mitsubishi Corp.

Its top 10 holdings account for approximately 51.19% of OPPJ's total assets under management.

Performance and RiskSo far this year, OPPJ has added roughly 29.67%, and it's up approximately 0% in the last one year (as of 06/22/2026). During this past 52-week period, the fund has traded between $35.34 and $61.09.

OPPJ has a beta of 0.24 and standard deviation of 0.00% for the trailing three-year period. With about 103 holdings, it effectively diversifies company-specific risk .

AlternativesWisdomTree Japan Opportunities Fund is a reasonable option for investors seeking to outperform the Asia-Pacific (Developed) ETFs segment of the market. However, there are other ETFs in the space which investors could consider.

JPMorgan BetaBuilders Japan ETF (BBJP) tracks MORNINGSTAR JAPAN TRGT MRKT EXPOSURE ID and the iShares MSCI Japan ETF (EWJ) tracks MSCI Japan Index. JPMorgan BetaBuilders Japan ETF has $18.04 billion in assets, iShares MSCI Japan ETF has $23.08 billion. BBJP has an expense ratio of 0.19% and EWJ changes 0.49%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Asia-Pacific (Developed) ETFs

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

WisdomTree Investments marked 20 years of operation this week, per a release from the firm. The firm launched its first 20 ETFs on June 16, 2006, with an approach the firm called “Modern Alpha.” That approach entails fundamentally weighted, income-focused strategies that look to marry passive and active strengths. 

Key Takeaways: WisdomTree’s 20th anniversary comes as it celebrates more than $160 billion in global AUM. The firm’s top ETF by AUM, USFR, has some $17.4 billion of that. The shop has also dived into SMAs, models, private markets, and blockchain-enabled offerings. WisdomTree currently has approximately $164.8 billion in assets under management globally, according to the release. That includes assets managed by Ceres Partners, LLC, as of last financial reporting. 

The 20-year anniversary for the shop comes as its WisdomTree Floating Rate Treasury Fund (USFR) sits as its largest ETF by AUM. The ETF has $17.5 billion in AUM, according to ETF Database data, with the strategy representing an intriguing fixed income option.

The asset manager, which began with ETFs, now also offers SMAs, model portfolios, and private market solutions, per the release. 

““Twenty years ago, we started WisdomTree with the belief that investors deserved something better — smarter exposures, better structures, more thoughtful portfolio construction, and a firm willing to innovate ahead of where the industry was going,” said Jonathan Steinberg, founder and CEO of WisdomTree.

“Our first 17 years were about building the foundation and establishing ourselves as a leader in ETFs,” he added. “We crossed $100 billion in assets under management during that period. Over the last three years alone, we have added another approximately $75 billion in AUM, reflecting accelerating momentum across the business and the broadening of our platform.”

See more: WisdomTree Office Hours: Unlocking Value in Laddered Munis The firm’s suite of ETFs and other products will continue to hold an important place in the ETF landscape. From USFR to its other funds, its modern alpha approach could continue to intrigue in a competitive landscape. 

For more news, information, and analysis, visit the Modern Alpha Content Hub.

On June 12, 2026, WisdomTree Inc WT shares rose 4.0% today, bringing the current price to $17.97. Over the past 52 weeks, the stock has ranged from a low of $10.00 to a high of $19.85, illustrating significant volatility.

GF Value™ verdict: The current price of $17.97 is 8.1% above the GF Value™ estimate of $16.63, indicating that the stock is overvalued.GF Score™: WisdomTree holds a strong GF Score™ of 87/100, suggesting a solid overall performance across key financial metrics.Most notable signal: Insider activity shows that insiders have sold $2.8 million in shares over the last three months, with no buying activity reported. Is WT Overvalued or Undervalued? The current price of WisdomTree Inc WT at $17.97 is above the GF Value™ estimate of $16.63, indicating that the stock is overvalued by 8.1%. This suggests a lack of margin of safety for potential investors, as purchasing shares at this elevated price could pose a higher risk if the market adjusts to align with the intrinsic value. The GF Valuation label indicates that the stock is fairly valued, but the current price being above this benchmark raises concerns about sustainability in the long run. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

Investors should be cautious as buying shares at an overvalued price may lead to future losses if the stock price corrects. While WisdomTree has shown impressive performance over the past year, the current valuation metrics emphasize the need for prudent assessment before committing capital.

How Does WT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 43.8x 22.3x Forward P/E 15.5x - The current P/E ratio of 43.8x is significantly above its 5-year median of 22.3x, indicating that WT is trading at a much higher valuation compared to its historical performance. This aligns with the GF Value™ verdict, which suggests that the stock is overvalued. The forward P/E of 15.5x indicates potential for growth, but it remains to be seen if this will translate into sustainable performance that justifies current levels.

What Does WT's GF Score™ Tell Us? Metric Rating GF Score™ 87/100 Financial Strength 5/10 Profitability 8/10 Growth 8/10 Valuation 7/10 Momentum 9/10 The GF Score™ of 87/100 indicates a strong performance, particularly in the areas of Profitability (8/10) and Growth (8/10), suggesting that the company has solid earnings and growth prospects. However, the Financial Strength score of 5/10 indicates that there may be some areas of concern regarding the company’s financial stability. The Momentum score of 9/10 highlights the stock's positive price trends, although caution is warranted given the high valuation metrics discussed earlier.

What Are Insiders Doing with WT Stock? Recent insider activity surrounding WisdomTree Inc has shown a selling trend, with insiders offloading approximately $2.8 million worth of shares over the last three months. This lack of buying activity from insiders may signal a lack of confidence in the stock's near-term performance or valuation. The absence of insider purchasing further supports the notion that current levels may not represent a compelling value proposition.

Overall, the insider selling pattern may raise red flags for potential investors, as it could indicate that those closest to the company are not optimistic about the stock's future performance at its current price.

What This Means for Investors Based on the GF Value™ assessment, WisdomTree Inc WT is currently overvalued at $17.97 compared to the intrinsic value estimate of $16.63. Investors may want to approach this stock with caution, considering the elevated valuation metrics and insider selling activity that suggest potential risks in the near term.

For the complete analysis, visit the WisdomTree Inc WT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WT's GF Score™?

WisdomTree Inc has a GF Score™ of 87/100, indicating strong overall performance across key financial metrics.

Is WT overvalued or undervalued?

WT is currently overvalued, with a GF Value™ estimate of $16.63 compared to its current price of $17.97, representing an 8.1% premium.

What is WT's P/E ratio?

WT's P/E ratio is currently 43.8x, which is significantly above its 5-year median of 22.3x, indicating a high valuation compared to its historical performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2026.

($23.1) million of net loss ($40.6(1) million of net income, as adjusted), including a loss on extinguishment of convertible notes of $62.3 million, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2026 (the “2026 Notes”) and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2029 (the “2029 Notes”). See “Non-GAAP Financial Measurements” for additional information.

$152.6 billion of ending AUM, an increase of 5.6% from the prior quarter arising primarily from net inflows and market appreciation.

$5.9 billion of net inflows, primarily driven by inflows into our international developed equity, fixed income and leveraged and inverse products across the United States and Europe.

0.36% average advisory fee, a 1 basis point increase from the prior quarter.

0.42% revenue yield(2), unchanged from the prior quarter.

$159.5 million of operating revenues, an increase of 8.2% from the prior quarter due to higher average AUM and higher other revenues attributable to our European listed exchange-traded products (“ETPs”).

84.4% gross margin(1), a 1.2 point increase from the prior quarter primarily due to higher revenues.

37.2% operating income margin (39.3%(1) as adjusted), a 3.3 point decrease (2.4 point decrease, as adjusted) from the prior quarter primarily due to seasonally higher compensation expense.

$603.75 million issuance of convertible senior notes due 2031 (the “2031 Notes”), bearing interest at a rate of 4.50% and issued with a conversion price of $21.58 per share. Concurrent with the issuance of the 2031 Notes, we completed separate, privately negotiated transactions with certain holders of our outstanding 2026 Notes (conversion price of $11.04 per share) to exchange $75.0 million in aggregate principal amount of the 2026 Notes for approximately 6.81 million shares of our common stock and with certain holders of our outstanding 2029 Notes (conversion price of $11.82 per share) to exchange $275.0 million in aggregate principal amount of the 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of common stock.

$0.03 quarterly dividend declared, payable on May 27, 2026 to stockholders of record as of the close of business on May 13, 2026.

Update from Jarrett Lilien, WisdomTree President and COO

Update from Jonathan Steinberg, WisdomTree CEO

OPERATING AND FINANCIAL HIGHLIGHTS

Three Months Ended

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Consolidated Operating Highlights ($ in billions):

AUM—end of period

$

152.6

$

144.5

$

137.2

$

126.1

$

115.8

Net inflows/(outflows)

$

5.9

$

(0.3

)

$

2.2

$

3.5

$

3.1

Average AUM

$

154.7

$

140.7

$

130.8

$

119.2

$

114.6

Average advisory fee

0.36%

0.35%

0.35%

0.35%

0.35%

Revenue yield(2)

0.42%

0.42%

0.38%

0.38%

0.38%

Consolidated Financial Highlights ($ in millions, except per share amounts):

Operating revenues

$

159.5

$

147.4

$

125.6

$

112.6

$

108.1

Net (loss)/income

$

(23.1

)

$

40.0

$

19.7

$

24.8

$

24.6

Diluted (loss)/earnings per share

$

(0.17

)

$

0.28

$

0.13

$

0.17

$

0.17

Operating income margin

37.2%

40.5%

36.3%

30.8%

31.6%

As Adjusted (Non-GAAP(1)):

Operating revenues, as adjusted

$

159.5

$

147.4

$

125.6

$

112.6

$

108.1

Gross margin

84.4%

83.2%

82.2%

81.1%

80.8%

Net income, as adjusted

$

40.6

$

41.2

$

34.5

$

25.9

$

23.0

Diluted earnings per share, as adjusted

$

0.27

$

0.29

$

0.23

$

0.18

$

0.16

Operating income margin, as adjusted

39.3%

41.7%

38.3%

32.5%

31.6%

RECENT BUSINESS DEVELOPMENTS

WISDOMTREE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited)

  Three Months Ended

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Operating Revenues:

Advisory fees

$

134,880

$

122,712

$

114,485

$

103,241

$

99,549

Management fees

5,231

4,908

—

—

—

Performance fees

2,955

7,105

—

—

—

Other revenues

16,404

12,709

11,131

9,380

8,533

Total revenues

159,470

147,434

125,616

112,621

108,082

Operating Expenses:

Compensation and benefits

47,517

37,273

33,791

32,827

33,788

Fund management and administration

24,880

24,830

22,353

21,252

20,714

Marketing and advertising

5,392

5,613

4,788

5,330

4,813

Sales and business development

4,197

4,045

3,943

4,232

4,137

Professional fees

3,308

3,596

3,505

3,177

2,782

Occupancy, communications and equipment

1,935

1,892

1,601

1,559

1,482

Depreciation and amortization

2,096

2,043

615

580

540

Third-party distribution fees

5,795

4,772

3,977

4,083

3,112

Acquisition-related costs

1,933

317

2,409

1,967

—

Other

3,067

3,306

2,980

2,982

2,552

Total operating expenses

100,120

87,687

79,962

77,989

73,920

Operating income

59,350

59,747

45,654

34,632

34,162

Other Income/(Expenses):

Interest expense

(11,023

)

(11,023

)

(8,466

)

(5,490

)

(5,441

)

Interest income

2,592

2,965

4,015

2,090

1,897

Loss on extinguishment of convertible notes

(62,302

)

(833

)

(13,011

)

—

—

Remeasurement of contingent consideration

(2,562

)

(710

)

—

—

—

Other losses and gains, net

(637

)

317

1,325

638

(250

)

(Loss)/income before income taxes

(14,582

)

50,463

29,517

31,870

30,368

Income tax expense

8,549

10,437

9,816

7,093

5,739

Net (loss)/income

$

(23,131

)

$

40,026

$

19,701

$

24,777

$

24,629

(Loss)/earnings per share—basic

$

(0.17

)

$

0.29

$

0.14

(3)

$

0.17

$

0.17

(Loss)/earnings per share—diluted

$

(0.17

)

$

0.28

$

0.13

(3)

$

0.17

$

0.17

Weighted average common shares—basic

138,005

136,340

139,584

143,076

142,580

Weighted average common shares—diluted

138,005

143,314

150,675

146,640

146,545

As Adjusted (Non-GAAP(1))

Total revenues

$

159,470

$

147,434

$

125,616

$

112,621

$

108,082

Total operating expenses

$

96,752

$

85,936

$

77,553

$

76,022

$

73,920

Operating income

$

62,718

$

61,498

$

48,063

$

36,599

$

34,162

Income before income taxes

$

54,654

$

53,840

$

45,318

$

33,798

$

30,947

Income tax expense

$

14,061

$

12,605

$

10,842

$

7,935

$

7,933

Net income

$

40,593

$

41,235

$

34,476

$

25,863

$

23,014

Earnings per share—diluted

$

0.27

$

0.29

$

0.23

$

0.18

$

0.16

Weighted average common shares—diluted

152,372

143,314

150,675

146,640

146,545

QUARTERLY HIGHLIGHTS

Operating Revenues

Operating revenues increased 8.2% from the fourth quarter of 2025, driven by higher average AUM, a higher average advisory fee and increased other revenues attributable to our European listed ETPs, partly offset by lower performance fees. Operating revenues increased 47.5% from the first quarter of 2025, driven by higher average AUM, a higher average advisory fee, revenues arising from our acquisition of Ceres Partners, LLC (the “Ceres Acquisition”) and increased other revenues from our European listed ETPs. Our average advisory fee was 0.36% for the first quarter of 2026, compared to 0.35% for both the first and fourth quarters of 2025. Operating Expenses

Operating expenses increased 14.2% from the fourth quarter of 2025 primarily due to higher seasonal compensation expenses related to payroll taxes, benefits and other costs associated with year-end bonus payments, as well as acquisition-related costs associated with our acquisition of Atlantic House and higher third-party distribution fees. Operating expenses increased 35.4% from the first quarter of 2025, primarily due to higher incentive compensation and headcount, as well as increases in fund management and administration expenses, acquisition-related costs, third-party distribution fees and amortization of intangible assets. Other Income/(Expenses)

Interest expense was essentially unchanged from the fourth quarter of 2025 and increased 102.6% from the first quarter of 2025 due to a higher level of debt outstanding. Interest income decreased 12.6% from the fourth quarter of 2025 and increased 36.6% from the first quarter of 2025, primarily due to changes in interest rates and the level of interest-earning assets. During the first quarter of 2026, we recognized a $62.3 million loss related to transactions involving our convertible notes, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 2026 Notes and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 2029 Notes. Contingent consideration related to the Ceres Acquisition increased from $11.8 million on December 31, 2025 to $14.4 million at March 31, 2026, resulting in a $2.6 million loss on remeasurement recognized during the first quarter of 2026. Other losses and gains, net, was a loss of $0.6 million for the first quarter of 2026. This included net losses of $0.9 million on our financial instruments owned and net losses of $0.5 million on our investments. Gains and losses also generally arise from the sale of gold and cryptocurrency earned from advisory fees paid by our physically-backed gold and crypto ETPs, foreign exchange fluctuations and miscellaneous items. Income Taxes

Our effective income tax rate for the first quarter of 2026 was negative 58.6%, resulting in income tax expense of $8.5 million. Despite a pre-tax loss for the quarter, we recorded income tax expense primarily due to certain non-deductible amounts associated with the extinguishment of convertible notes, which caused our effective tax rate to differ from the U.S. federal statutory rate of 21.0%. Other items impacting our effective tax rate included non-deductible executive compensation, partly offset by state and local taxes and tax windfalls associated with the vesting of stock-based compensation awards. Our adjusted effective income tax rate for the first quarter of 2026 was 25.7%(1). CONFERENCE CALL DIAL-IN AND WEBCAST DETAILS

WisdomTree will discuss its results and operational highlights during a live webcast on Friday, May 1, 2026 at 11:00 a.m. ET, which, together with all earnings materials, can be accessed via WisdomTree’s investor relations website at https://ir.wisdomtree.com. A replay of the webcast will be available shortly after the call.

Participants also can dial in using the following numbers: (877) 407-9210 or (201) 689-8049. Click here to access the participant international toll-free access numbers.

To avoid delays, we encourage participants to log in or dial into the conference call 10 minutes ahead of the scheduled start time.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™ and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $163.19 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

References to third-party platforms, protocols, or use cases are provided for informational purposes only and do not constitute an endorsement, recommendation, or solicitation by WisdomTree or its affiliates. WisdomTree and its affiliates do not control or operate such third-party platforms or protocols and are not responsible for their operation or performance.

____________________ (1)

See “Non-GAAP Financial Measurements.”

(2)

Revenue yield is computed by dividing our annualized adjusted operating revenues as reported in the GAAP to Non-GAAP Reconciliation herein by our average AUM during the period.

(3)

Earnings per share (“EPS”) is calculated pursuant to the two-class method as it results in a lower EPS amount as compared to the treasury stock method. In addition, the three months ended September 30, 2025 includes $718 of stock repurchase excise taxes, which is excluded from net income, but is required to be added to net income to arrive at income available to common stockholders in the calculation of EPS. This item is excluded from our EPS when computed on a non-GAAP basis.

WISDOMTREE, INC. AND SUBSIDIARIES

KEY OPERATING STATISTICS

(Unaudited)

  Three Months Ended

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

GLOBAL PRODUCTS ($ in millions)

Beginning of period assets

$

144,525

$

137,175

$

126,070

$

115,787

$

109,779

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

32

Add: Assets acquired—Ceres Acquisition

—

1,812

—

—

—

Inflows/(outflows)

5,934

(283

)

2,241

3,529

3,052

Market appreciation

2,097

5,821

8,864

6,754

2,924

End of period assets

$

152,556

$

144,525

$

137,175

$

126,070

$

115,787

Average assets during the period

$

154,663

$

140,686

$

130,760

$

119,185

$

114,622

Average ETP advisory fee during the period

0.36%

0.35%

0.35%

0.35%

0.35%

Total revenue yield

0.42%

0.42%

0.38%

0.38%

0.38%

Revenue days

90

92

92

91

90

Number of products—end of the period

416

405

397

383

375

(1)

ETPs AND TOKENIZED PRODUCTS

U.S. LISTED ETFs ($ in millions)

Beginning of period assets

$

88,521

$

88,293

$

85,179

$

80,531

$

79,095

Inflows/(outflows)

2,643

(1,108

)

(445

)

1,110

1,847

Market (depreciation)/appreciation

(218

)

1,336

3,559

3,538

(411

)

End of period assets

$

90,946

$

88,521

$

88,293

$

85,179

$

80,531

Average assets during the period

$

91,742

$

88,074

$

87,205

$

81,525

$

81,127

Number of ETFs—end of the period

90

85

84

81

78

EUROPEAN LISTED ETPs ($ in millions)

Beginning of period assets

$

53,345

$

48,290

$

40,541

$

35,124

$

30,684

Inflows

3,118

609

2,448

2,201

1,104

Market appreciation

2,295

4,446

5,301

3,216

3,336

End of period assets

$

58,758

$

53,345

$

48,290

$

40,541

$

35,124

Average assets during the period

$

60,193

$

50,102

$

42,853

$

37,439

$

33,415

Number of ETPs—end of the period

306

300

295

285

280

DIGITAL ASSETS ($ in millions)

Beginning of period assets

$

770

$

592

$

350

$

132

$

—

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

32

Inflows

98

179

238

218

101

Market (depreciation)/appreciation

(1

)

(1

)

4

—

(1

)

End of period assets

$

867

$

770

$

592

$

350

$

132

Average assets during the period

$

781

$

695

$

702

$

221

$

80

Number of products—end of the period

19

19

18

17

17

(1)

PRIVATE ASSETS ($ in millions)

Beginning of period assets

$

1,889

$

—

$

—

$

—

$

—

Add: Assets acquired—Ceres Acquisition

—

1,812

—

—

—

Inflows

75

37

—

—

—

Market appreciation

21

40

—

—

—

End of period assets

$

1,985

$

1,889

$

—

$

—

$

—

Average assets during the period

$

1,947

$

1,815

$

—

$

—

$

—

Number of products—end of the period

1

1

—

—

—

ETPs AND TOKENIZED PRODUCT CATEGORIES ($ in millions)

U.S. Equity

Beginning of period assets

$

41,427

$

40,977

$

38,617

$

35,628

$

35,414

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

9

Inflows

354

191

32

1,287

963

Market (depreciation)/appreciation

(270

)

259

2,328

1,702

(758

)

End of period assets

$

41,511

$

41,427

$

40,977

$

38,617

$

35,628

Average assets during the period

$

42,394

$

41,161

$

40,024

$

36,080

$

36,281

Commodity & Currency

Beginning of period assets

$

36,980

$

31,705

$

26,696

$

25,487

$

21,906

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

1

Inflows/(outflows)

35

177

1,096

(110

)

(159

)

Market appreciation

3,295

5,098

3,913

1,319

3,739

End of period assets

$

40,310

$

36,980

$

31,705

$

26,696

$

25,487

Average assets during the period

$

41,458

$

33,824

$

28,162

$

25,888

$

23,993

International Developed Market Equity

Beginning of period assets

$

25,616

$

23,893

$

21,725

$

18,178

$

17,602

Inflows

3,495

1,147

478

1,646

474

Market appreciation

75

576

1,690

1,901

102

End of period assets

$

29,186

$

25,616

$

23,893

$

21,725

$

18,178

Average assets during the period

$

29,349

$

24,708

$

22,481

$

19,577

$

18,275

Fixed Income

Beginning of period assets

$

21,074

$

22,509

$

22,543

$

22,230

$

20,043

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

21

Inflows/(outflows)

1,272

(1,358

)

(58

)

148

2,092

Market appreciation/(depreciation)

49

(77

)

24

165

74

End of period assets

$

22,395

$

21,074

$

22,509

$

22,543

$

22,230

Average assets during the period

$

21,187

$

21,422

$

23,128

$

22,526

$

21,464

Emerging Market Equity

Beginning of period assets

$

10,643

$

10,855

$

10,957

$

9,985

$

10,468

(Outflows)/inflows

(206

)

(508

)

(250

)

28

(445

)

Market (depreciation)/appreciation

(294

)

296

148

944

(38

)

End of period assets

$

10,143

$

10,643

$

10,855

$

10,957

$

9,985

Average assets during the period

$

10,902

$

10,839

$

10,874

$

10,295

$

10,072

Leveraged & Inverse

Beginning of period assets

$

3,275

$

2,913

$

2,631

$

2,133

$

1,924

Inflows/(outflows)

565

(15

)

(52

)

141

116

Market (depreciation)/appreciation

(177

)

377

334

357

93

End of period assets

$

3,663

$

3,275

$

2,913

$

2,631

$

2,133

Average assets during the period

$

3,785

$

3,097

$

2,750

$

2,354

$

2,083

Cryptocurrency

Beginning of period assets

$

2,242

$

3,168

$

2,087

$

1,553

$

1,912

Add: Digital Assets—Jan. 1, 2025

—

—

—

—

1

Inflows/(outflows)

137

(117

)

764

198

(89

)

Market (depreciation)/appreciation

(596

)

(809

)

317

336

(271

)

End of period assets

$

1,783

$

2,242

$

3,168

$

2,087

$

1,553

Average assets during the period

$

2,021

$

2,550

$

2,412

$

1,800

$

1,900

Alternatives

Beginning of period assets

$

1,379

$

1,155

$

814

$

593

$

510

Inflows

207

163

231

191

100

Market (depreciation)/appreciation

(6

)

61

110

30

(17

)

End of period assets

$

1,580

$

1,379

$

1,155

$

814

$

593

Average assets during the period

$

1,620

$

1,270

$

929

$

665

$

554

Headcount

357

360

338

321

315

Note: Previously issued statistics may be restated due to fund closures and trade adjustments.

Source: WisdomTree

WISDOMTREE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

  Mar. 31,

2026

Dec. 31,

2025

(Unaudited)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

625,505

$

311,732

Financial instruments owned, at fair value

65,237

107,117

Accounts receivable

66,112

64,452

Income taxes receivable

1,262

—

Prepaid expenses

8,649

7,338

Other current assets

1,320

1,723

Total current assets

768,085

492,362

Fixed assets, net

401

431

Deferred tax assets, net

6,689

9,803

Investments

28,623

29,075

Right of use assets—operating leases

2,326

2,764

Goodwill

228,624

228,624

Intangible assets, net

747,954

748,957

Other noncurrent assets

1,126

925

Total assets

$

1,783,828

$

1,512,941

LIABILITIES AND STOCKHOLDERS’ EQUITY

LIABILITIES

Current liabilities:

Convertible notes—current

$

74,910

$

149,604

Fund management and administration payable

34,465

29,448

Compensation and benefits payable

19,132

52,435

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)

14,176

13,940

Operating lease liabilities

1,498

1,614

Income taxes payable

—

2,295

Accounts payable and other liabilities

23,948

32,720

Total current liabilities

168,129

282,056

Convertible notes—long term

1,125,434

804,203

Contingent consideration

14,406

11,844

Operating lease liabilities—long term

841

1,166

Total liabilities

1,308,810

1,099,269

STOCKHOLDERS’ EQUITY

Common stock, par value $0.01; 400,000 shares authorized:

Issued and outstanding: 152,439 and 140,713 at March 31, 2026 and December 31, 2025, respectively

1,524

1,407

Additional paid-in capital

279,000

189,244

Accumulated other comprehensive gain

1,069

2,227

Retained earnings

193,425

220,794

Total stockholders’ equity

475,018

413,672

Total liabilities and stockholders’ equity

$

1,783,828

$

1,512,941

WISDOMTREE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Cash flows from operating activities:

Net (loss)/income

$

(23,131

)

$

24,629

Adjustments to reconcile net (loss)/income to net cash provided by operating activities:

Loss on extinguishment of convertible notes

62,302

—

Advisory and license fees paid in gold, other precious metals and cryptocurrency

(25,348

)

(15,373

)

Stock-based compensation

8,431

6,238

Deferred income taxes

3,395

5,835

Increase in fair value of contingent consideration

2,562

—

Depreciation and amortization

2,096

540

Amortization of issuance costs—convertible notes

1,154

624

Losses on financial instruments owned, at fair value

882

440

Amortization of right of use asset

456

326

Losses/(gains) on investments

452

(316

)

Imputed interest on payable to GBH

235

455

Changes in operating assets and liabilities:

Accounts receivable

(1,410

)

(394

)

Income taxes receivable/payable

(2,572

)

(4,092

)

Prepaid expenses

(1,360

)

(1,522

)

Gold and other precious metals

24,825

14,738

Other assets

168

(295

)

Fund management and administration payable

5,224

3,150

Compensation and benefits payable

(33,182

)

(28,056

)

Operating lease liabilities

(459

)

(325

)

Accounts payable and other liabilities

(6,763

)

(232

)

Net cash provided by operating activities

17,957

6,370

Cash flows from investing activities:

Purchase of financial instruments owned, at fair value

(6,003

)

—

Cash paid—software development

(980

)

(577

)

Purchase of fixed assets

(28

)

(31

)

Proceeds from the sale of financial instruments owned, at fair value

45,650

388

Proceeds from held-to-maturity securities maturing or called prior to maturity

—

6

Net cash provided by/(used in) investing activities

38,639

(214

)

Cash flows from financing activities:

Repurchase of convertible notes

(302,675

)

—

Common stock repurchased

(24,963

)

(12,714

)

Dividends paid

(4,744

)

(4,626

)

Issuance costs—convertible notes

(12,593

)

—

Proceeds from the issuance of convertible notes

603,750

—

Excise taxes paid on common stock repurchased

—

(1,868

)

Net cash provided by/(used in) financing activities

258,775

(19,208

)

(Decrease)/increase in cash flow due to changes in foreign exchange rate

(1,598

)

2,234

Net increase/(decrease) in cash, cash equivalents and restricted cash

313,773

(10,818

)

Cash, cash equivalents and restricted cash—beginning of year

311,732

181,191

Cash, cash equivalents and restricted cash—end of period

$

625,505

$

170,373

Supplemental disclosure of cash flow information:

Cash paid for income taxes

$

7,659

$

4,042

Cash paid for interest

$

18,448

$

6,412

  NON-GAAP FINANCIAL MEASUREMENTS

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are they superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. The non-GAAP financial measurements contained in this press release include the following:

Adjusted Operating Income, Operating Expenses, Income Before Income Taxes, Income Tax Expense, Net Income and Diluted Earnings per Share

We disclose adjusted operating income, operating expenses, income before income taxes, income tax expense, net income and diluted earnings per share as non-GAAP financial measurements in order to report our results exclusive of items that are non-recurring or not core to our operating business. We believe presenting these non-GAAP financial measurements provides investors with a consistent way to analyze our performance. These non-GAAP financial measurements exclude the following:

Gains or losses on financial instruments owned: We account for our financial instruments owned as trading securities, which requires these instruments to be measured at fair value with gains and losses reported in net income. We exclude these items when calculating our non-GAAP financial measurements as the gains and losses introduce earnings volatility and are not core to our operating business.

Foreign currency remeasurement gains and losses on U.S. dollars held by foreign subsidiaries: GAAP requires account balances to be remeasured into an entity’s functional currency, with resulting gains and losses reported in net income. Foreign subsidiaries holding U.S. dollars remeasure these balances into their functional currencies and recognize the gains and losses. We exclude remeasurement effects from our non-GAAP financial measures, as they introduce earnings volatility, are not core to our operations and arise from balances denominated in our reporting currency.

Tax windfalls and shortfalls upon vesting of stock-based compensation awards: GAAP requires the recognition of tax windfalls and shortfalls within income tax expense. These items arise upon the vesting of stock-based compensation awards and the magnitude is directly correlated to the number of awards vesting/exercised, as well as the difference between the price of our stock on the date the award was granted and the date the award vested or was exercised. We exclude these items when calculating our non-GAAP financial measurements as they introduce earnings volatility and are not core to our operating business.

Amortization of intangible assets and remeasurement of contingent consideration arising from our acquisition of Ceres Partners, LLC: On October 1, 2025, we completed the Ceres Acquisition for aggregate consideration consisting of (i) $275 million in cash payable at closing, subject to customary post-closing adjustments and (ii) contingent consideration of up to $225 million, payable in 2030, contingent upon Ceres Partners, LLC achieving a compound annual growth rate (“CAGR”) in revenues of 12% to 22% during the measurement period of January 1, 2025 through December 31, 2029. GAAP requires contingent consideration to be re-measured each reporting period with changes in fair value reported in net income. In addition, a portion of the consideration totaling $143.5 million was allocated to intangible assets, which is amortized over 25 years. We exclude changes in fair value of contingent consideration and amortization of intangible assets arising from the Ceres Acquisition when calculating our non-GAAP financial measurements as these items are not core to our operating business.

Other items: Losses related to convertible notes transactions, changes in deferred tax asset valuation allowance, acquisition-related costs, imputed interest on our payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) and gains and losses recognized on our investments are excluded when calculating our non-GAAP financial measurements.

Adjusted Effective Income Tax Rate

We disclose our adjusted effective income tax rate as a non-GAAP financial measurement in order to report our effective income tax rate exclusive of items that are non-recurring or not core to our operating business. We believe reporting our adjusted effective income tax rate provides investors with a consistent way to analyze our income taxes. Our adjusted effective income tax rate is calculated by dividing adjusted income tax expense by adjusted income before income taxes. See above for information regarding the items that are excluded.

Gross Margin and Gross Margin Percentage

We disclose our gross margin and gross margin percentage as non-GAAP financial measurements because we believe they provide investors with a consistent way to analyze the amount we retain after paying third-party service providers to operate our ETPs. These measures also assist us in analyzing the profitability of our products. We define gross margin as total adjusted operating revenues less fund management and administration expenses. Gross margin percentage is calculated as gross margin divided by total adjusted operating revenues.

GAAP to NON-GAAP RECONCILIATION (CONSOLIDATED)

(in thousands)

(Unaudited)

  Three Months Ended

Adjusted Net Income and Diluted Earnings per Share:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Net (loss)/income, as reported

$

(23,131

)

$

40,026

$

19,701

$

24,777

$

24,629

Add back: Losses related to convertible notes transactions, net of income taxes

62,280

505

12,763

—

—

Deduct: Tax windfalls upon vesting of stock-based compensation awards

(4,421

)

—

(76

)

(4

)

(2,083

)

Add back: Increase in fair value of contingent consideration, net of income taxes

1,940

538

—

—

—

Add back: Acquisition-related costs, net of income taxes

1,933

240

1,824

1,489

—

Add back: Amortization of intangible assets arising from the Ceres Acquisition, net of income taxes

1,087

1,086

—

—

—

Add back/(deduct): Losses/(gains) on financial instruments owned, net of income taxes

668

8

(810

)

(972

)

333

(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes

(435

)

(141

)

—

1,136

—

Add back/(deduct): Losses/(gains) recognized on investments, net of income taxes

342

(75

)

734

(458

)

(239

)

Add back: Imputed interest on payable to GBH, net of income taxes

179

285

364

354

344

Add back/(deduct): Increase/(decrease) in deferred tax asset valuation allowance on capital losses

151

(1,237

)

(24

)

(459

)

30

Adjusted net income

$

40,593

$

41,235

$

34,476

$

25,863

$

23,014

Weighted average common shares—diluted

152,372

143,314

150,675

146,640

146,545

Adjusted earnings per share—diluted

$

0.27

$

0.29

$

0.23

$

0.18

$

0.16

Three Months Ended

Gross Margin and Gross Margin Percentage:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Operating revenues

$

159,470

$

147,434

$

125,616

$

112,621

$

108,082

Deduct: Fund management and administration

(24,880

)

(24,830

)

(22,353

)

(21,252

)

(20,714

)

Gross margin

$

134,590

$

122,604

$

103,263

$

91,369

$

87,368

Gross margin percentage

84.4%

83.2%

82.2%

81.1%

80.8%

Three Months Ended

Adjusted Operating Income and Adjusted Operating Income Margin:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Operating revenues

$

159,470

$

147,434

$

125,616

$

112,621

$

108,082

Operating income

59,350

59,747

$

45,654

$

34,632

$

34,162

Add back: Amortization of intangible assets arising from the Ceres Acquisition

1,435

1,434

—

—

—

Add back: Acquisition-related costs

1,933

317

2,409

1,967

—

Adjusted operating income

$

62,718

$

61,498

$

48,063

$

36,599

$

34,162

Adjusted operating income margin

39.3%

41.7%

38.3%

32.5%

31.6%

Three Months Ended

Adjusted Total Operating Expenses:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Total operating expenses

$

100,120

$

87,687

$

79,962

$

77,989

$

73,920

Deduct: Amortization of intangible assets arising from the Ceres Acquisition

(1,435

)

(1,434

)

—

—

—

Deduct: Acquisition-related costs

(1,933

)

(317

)

(2,409

)

(1,967

)

—

Adjusted total operating expenses

$

96,752

$

85,936

$

77,553

$

76,022

$

73,920

Three Months Ended

Adjusted Income Before Income Taxes:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

(Loss)/income before income taxes

$

(14,582

)

$

50,463

$

29,517

$

31,870

$

30,368

Add back: Losses related to convertible notes transactions

62,302

833

13,011

—

—

Add back: Increase in fair value of contingent consideration

2,562

710

—

—

—

Add back: Acquisition-related costs

1,933

317

2,409

1,967

—

Add back: Amortization of intangible assets arising from the Ceres Acquisition

1,435

1,434

—

—

—

Add back/(deduct): Losses/(gains) on financial instruments owned

882

10

(1,070

)

(1,284

)

440

(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes

(566

)

(205

)

—

1,383

—

Add back/(deduct): Losses/(gains) recognized on investments

452

(99

)

970

(605

)

(316

)

Add back: Imputed interest on payable to GBH

236

377

481

467

455

Adjusted income before income taxes

$

54,654

$

53,840

$

45,318

$

33,798

$

30,947

Three Months Ended

Adjusted Income Tax Expense and Adjusted Effective Income Tax Rate:

Mar. 31,

2026

Dec. 31,

2025

Sept. 30,

2025

June 30,

2025

Mar. 31,

2025

Adjusted income before income taxes (above)

$

54,654

$

53,840

$

45,318

$

33,798

$

30,947

Income tax expense

$

8,549

$

10,437

$

9,816

$

7,093

$

5,739

Add back: Tax windfalls upon vesting of stock-based compensation awards

4,421

—

76

4

2,083

Add back: Tax benefit arising from convertible notes transactions

22

328

248

—

—

Add back: Tax benefit arising from increase in fair value of contingent consideration

622

172

—

—

—

Add back: Tax benefit of intangible asset amortization arising from the Ceres Acquisition

348

348

—

—

—

Add back/(deduct): Tax benefit/(expense) arising from losses/(gains) on financial instruments owned

214

2

(260

)

(312

)

107

(Deduct)/add back: (increase)/decrease in deferred tax asset valuation allowance on capital losses

(151

)

1,237

24

459

(30

)

(Deduct)/add back: Tax (expense)/benefit on foreign currency remeasurement losses on U.S. dollar balances

(131

)

(64

)

—

247

—

Add back/(deduct): Tax benefit/(expense) on losses/(gains) on investments

110

(24

)

236

(147

)

(77

)

Add back: Tax benefit on imputed interest

57

92

117

113

111

Add back: Tax benefit on acquisition-related costs

—

77

585

478

—

Adjusted income tax expense

$

14,061

$

12,605

$

10,842

$

7,935

$

7,933

Adjusted effective income tax rate

25.7%

23.4%

23.9%

23.5%

25.6%

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

anticipated trends, conditions and investor sentiment in the global markets and ETPs; anticipated levels of inflows into and outflows out of our ETPs; our ability to deliver favorable rates of return to investors; competition in our business; whether we will experience future growth; our ability to develop new products and services and their potential for success; our ability to maintain current vendors or find new vendors to provide services to us at favorable costs; our ability to successfully implement our strategy relating to digital assets and blockchain-enabled financial services, including WisdomTree Connect™ and WisdomTree Prime®, and achieve its objectives; our ability to successfully operate and expand our business in non-U.S. markets; the effect of laws and regulations that apply to our business; the potential benefits arising from our acquisitions of Ceres Partners, LLC, and Atlantic House Holdings Limited, including financial or strategic outcomes; and our ability to successfully implement our strategic goals relating to the acquisitions and integrate the acquired businesses. Our business is subject to many risks and uncertainties, including without limitation:

declining prices of securities, gold and other precious metals and other commodities and changes in interest rates and general market conditions can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETP investors to sell their fund shares and trigger redemptions; fluctuations in the amount and mix of our AUM, whether caused by disruptions in the financial markets or otherwise, including but not limited to events such as a pandemic or war, geopolitical conflicts, political events, acts of terrorism and other matters beyond our control, may negatively impact revenues and operating margins, and may impede our ability to refinance our debt upon maturity or increase the cost of borrowing upon a refinancing; competitive pressures could reduce revenues and profit margins; we derive a substantial portion of our revenues from a limited number of products, and, as a result, our operating results are particularly exposed to investor sentiment toward investing in the products’ strategies and our ability to maintain the AUM of these products, as well as the performance of these products and market-specific and political and economic risk; a significant portion of our AUM is held in products with exposure to U.S. and international developed markets, and we therefore have exposure to domestic and foreign market conditions and are subject to currency exchange rate risks; withdrawals or broad changes in investments in our ETPs by investors with significant positions may negatively impact revenues and operating margins; we face increased operational, regulatory, financial and other risks as a result of conducting our business internationally, and as we expand our digital assets product offerings and services beyond our existing ETP business; many of our ETPs have a limited track record, and poor investment performance could cause our revenues to decline; and we depend on third parties to provide many critical services to operate our business and our ETPs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETP investors. Additional risks include those associated with the acquisitions of Ceres Partners, LLC and Atlantic House Holdings Limited, including the risk that the integrations may be more difficult, time-consuming or costly than expected, or that expected benefits (including projected business growth, realization of synergies, or the ability to raise additional capital into the funds of the acquired businesses) may not be realized as anticipated. Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, see “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

Category: Business Update

WisdomTree, Inc. (WT - Free Report) reported $159.47 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 47.6%. EPS of $0.27 for the same period compares to $0.16 a year ago.

The reported revenue represents a surprise of +1.22% over the Zacks Consensus Estimate of $157.55 million. With the consensus EPS estimate being $0.25, the EPS surprise was +9.76%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how WisdomTree, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

AUM - end of period: $152.60 billion compared to the $152.03 billion average estimate based on four analysts.Average AUM: $154.70 billion compared to the $153.68 billion average estimate based on four analysts.Inflows/(outflows) - Cryptocurrency: $137 million versus $136.83 million estimated by three analysts on average.Inflows/(outflows) - U.S. Equity: $354 million versus the three-analyst average estimate of $353.94 million.Inflows/(outflows) - International Developed Market Equity: $3.5 billion versus $3.49 billion estimated by three analysts on average.Inflows/(outflows) - Emerging Markets Equity: $-206 million versus $-206 million estimated by three analysts on average.U.S. Equity - End of period assets: $41.51 billion versus $41.51 billion estimated by three analysts on average.Emerging Market Equity - End of period assets: $10.14 billion versus $10.14 billion estimated by three analysts on average.Operating Revenues- Other income: $16.4 million versus $12.85 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +92.2% change.Operating Revenues- Advisory fees: $134.88 million compared to the $137.2 million average estimate based on four analysts. The reported number represents a change of +35.5% year over year.Operating Revenues- Management fees: $5.23 million versus the three-analyst average estimate of $4.85 million.Operating Revenues- Performance fees: $2.96 million versus the three-analyst average estimate of $5.17 million.View all Key Company Metrics for WisdomTree, Inc. here>>>

Shares of WisdomTree, Inc. have returned +17.7% over the past month versus the Zacks S&P 500 composite's +10.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

(Kitco News) - Gold prices continue to struggle below $4,600 an ounce; however, one market strategist still expects that prices will be much higher by the first quarter of next year, supported by robust long-term fundamentals.

In an interview with Kitco News,  Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, said that short-term volatility and shifting macroeconomic risks are raising the likelihood that central banks could make policy mistakes — a backdrop that is ultimately supportive for gold.

Shah said that while gold has struggled as a safe-haven asset, despite elevated geopolitical tensions, underlying risks in the global economy continue to build, creating a constructive environment for precious metals.

“Gold still isn’t quite performing as you’d expect as a full-fledged geopolitical hedge,” he said. “But a lot of that selling pressure is being driven by liquidation and margin dynamics in broader markets rather than a change in fundamentals.”

Shah noted that central banks are increasingly constrained in their ability to respond to inflation, as aggressive rate hikes could deepen recessionary risks or trigger stagflation. This delicate balancing act raises the risk of policy errors — a key bullish driver for gold.

“Central banks are fully cognizant that there’s not much they can do with interest rate policy without inflicting pain,” he said.

At the same time, uncertainty surrounding future monetary policy — particularly as leadership and policy priorities evolve — could further destabilize markets.

“If you’re trying to achieve too much in a short space of time, that could lead to policy errors, and that uncertainty is potentially supportive for gold,” Shah said.

Against this backdrop of policy risk and market volatility, Shah remains long-term bullish on gold.

According to his latest base-case scenario, he expects gold prices to return to levels close to their all-time highs by the first quarter of 2027.

“I’m looking at gold around $5,500 for Q1 2027,” he said, noting that he considers this level closer to the lower end of a broader range given strong investment demand.

Even in a more bearish scenario — where inflation falls to 2%, the U.S. dollar strengthens, and bond yields rise — Shah sees gold holding around $4,630 an ounce.

“Even with quite bearish assumptions, the downside is relatively capped,” he said. “The risks are much more to the upside.”

Shah is also constructive on silver, although he acknowledged that industrial demand dynamics add an additional layer of uncertainty.

He forecasts silver prices reaching approximately $92.50 an ounce by the first quarter of 2027, with potential for further upside depending on electrification trends and solar demand.

“If gold goes up much more, it should drag silver up,” he said, adding that the global push for energy diversification could support long-term demand.

Looking beyond monetary policy, Shah emphasized that growing recession risks could act as a catalyst for higher gold prices.

“Recessionary risks are generally what help gold prices,” he said. “If we start seeing that, then it becomes very supportive for gold.”

He also pointed to structural issues such as rising government debt and long-term pressure on the U.S. dollar as additional tailwinds.

“We may start to see structural depreciation reemerging with pressures on budgets, and that could help gold prices,” he explained.

At the same time, strong and persistent demand from Asia — particularly from China and India — continues to underpin the market, even as high prices weigh on jewelry volumes.

“Demand hasn’t gone away, it’s just shifted,” Shah said, noting that gold continues to be treated as a “wearable investment” in many regions.

At the same time, Shah also noted the evolving shift among institutional investors, many of whom are increasing their strategic allocations to gold after years of underweight positioning.

“Most clients feel they need some strategic allocation to gold,” he said. “They recognize their portfolios are not diversified enough without it.”

He explained that gold is increasingly being viewed as a replacement for traditional fixed-income exposure, particularly as bond markets face their own volatility challenges.

Finally, Shah said ongoing geopolitical tensions and the increasing use of gold as a liquid, neutral reserve asset by central banks are reinforcing its long-term appeal.

“I think geopolitical risks need to be priced in more,” he said, adding that gold is currently “sitting a little bit lower than where it should be given the prevailing risks.”

As volatility persists and policymakers navigate an increasingly complex economic landscape, Shah expects gold and silver to remain well supported.

“The environment is uncertain, and that uncertainty is ultimately what drives investors toward gold,” he said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

On Thursday, May 7, WisdomTree announced the debut of the WisdomTree Efficient Rare Earth Plus Strategic Metals Fund (WDIG). Available on the CBOE, the actively managed WDIG operates with a net expense ratio of 55 basis points. 

Key Takeaways: WisdomTree has launched WDIG, an ETF that generally looks to capture global opportunities in strategic metals and rare earths alike. To do so, the fund invests in two distinct buckets: an equities bucket full of companies exposed to rare earth miners and strategic metals, along with a bucket for commodity metals futures contracts. Considering the opportunities within strategic metals and minerals alike, along with the perks diversification alone brings to a portfolio, WDIG could be an especially strong portfolio allocation in today’s environment. True to its title, WDIG offers exposure to a mix of different strategic metals and rare earths within the ETF wrapper. This includes aluminum, copper, lithium, silver, and rare earth elements, among many others. 

See More: Prepare for a Gold Rebound With This Nifty ETF

Digging Into WDIG’s Investment Approach WDIG builds its allocations to these metals and elements through a compelling dual exposure strategy. To start, the fund invests in a mix of different equities from companies engaged in rare earths mining activities and strategic metals across the globe. 

Furthermore, the fund also provides exposure to a basket of commodity metals futures contracts. This provides a multitude of avenues to capitalize on the metals and rare earths markets in an accordingly capital-efficient manner.

“From electric vehicles and wind turbines to AI data centers and autonomous systems, many of the technologies shaping the future share a common foundation in strategic metals. At the same time, supply chains for many critical minerals remain highly concentrated, elevating their importance from commodities to strategic assets for governments and industries alike,” noted Christopher Gannatti, global head of research at WisdomTree. “WDIG reflects this convergence of rising demand and evolving supply dynamics, offering a way to access both the metals themselves and the companies producing them.”

See More: How to Build an Efficient Core with ETFs

The Diversification Benefits WDIG concurrently offers the secondary perk of amplifying diversification, considered a crucial portfolio benefit at this juncture. Not only does the fund provide access to metals and materials that tend to be underweight within portfolios, but it offers global exposure as well. 

WDIG has thus joined an ever-growing lineup of WisdomTree funds, which offers a variety of different solutions for its investment community. One of the largest WisdomTree funds, the WisdomTree Japan Hedged Equity Fund (DXJ), has over $6.3 billion in assets under management. 

For more news, information, and analysis, visit the Modern Alpha Content Hub.

Disclosure This article was prepared as part of WisdomTree’s general paid sponsorship of VettaFi | ETF Trends. This specific content within and any opinions expressed therein belong solely to VettaFi and do not reflect the opinion or analysis of WisdomTree, its employees, or its affiliates. Content published on VettaFi | ETF Trends is provided for educational purposes only and should not be considered investment or tax advice. For investment or tax advice, please consult a financial professional. 

WisdomTree is an independent company, unaffiliated with VettaFi | ETF Trends. WisdomTree has not been involved with the preparation of the content supplied by VettaFi | ETF Trends. It does not guarantee, or assume any responsibility for its content.

On May 13, 2026, WisdomTree Inc WT shares rose 4.1% to a current price of $19.49, reflecting a strong upward trend in price performance over the past year, with a remarkable increase of 106.8%. The stock has traded within a 52-week range of $9.24 to $19.85.

GF Value™ verdict: Current price of $19.49 is 21.2% overvalued compared to the GF Value™ of $16.08.GF Score™ of 90/100 indicates a strong overall performance based on multiple key metrics.Notable signal: The momentum rank stands at 9/10, showcasing significant upward price movement. Is WT Overvalued or Undervalued? According to the GF Value™, WisdomTree Inc is currently overvalued, with a market price of $19.49 exceeding the intrinsic value estimate of $16.08 by 21.2%. This level of overvaluation suggests a lack of margin of safety for potential investors, as the price is well above the calculated fair value based on historical trading multiples, past business growth, and future performance estimates. The GF Valuation label indicates that the stock is considered modestly overvalued, which carries inherent risks for those looking to enter at this price point.

The overvaluation may reflect market enthusiasm and momentum in the asset management sector, but it also implies that any downturn could lead to a rapid decline in stock price if market sentiment shifts. Investors should be cautious and consider the high price in relation to the company's fundamentals before making decisions.

How Does WT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 47.5x 22.2x (5-Year Median) Forward P/E 17.3x N/A The current P/E ratio of 47.5x is 115% above its 5-year median of 22.2x, indicating that the stock is trading significantly above its historical valuation multiples. This analysis aligns with the GF Value™ verdict that WisdomTree Inc is overvalued, reinforcing the caution advised for potential investors based on historical earnings performance.

What Does WT's GF Score™ Tell Us? Metric Rating GF Score™ 90 Financial Strength 5/10 Profitability 8/10 Growth 9/10 Valuation 6/10 Momentum 9/10 The GF Score™ of 90/100 indicates that WisdomTree Inc has strong potential for long-term returns, particularly in growth (9/10) and momentum (9/10). However, the financial strength score of 5/10 suggests average stability, which could be a concern in adverse market conditions. The profitability rank of 8/10 highlights the company's ability to generate profits effectively, while the valuation rank of 6/10 suggests that the current valuation may not fully reflect the company’s growth potential.

What Are Insiders Doing with WT Stock? In the last three months, insider activity has shown a net selling pattern, with $0.0 million in purchases and $0.8 million in sales. This selling trend may indicate that insiders believe the stock is currently overvalued or that they are taking profits after a significant rise in share price. Such activity can be a signal for potential investors to proceed with caution, as it may reflect insiders’ confidence in the stock's near-term performance.

What This Means for Investors Based on the analysis of GF Value™, WisdomTree Inc appears to be overvalued at its current price of $19.49. Given the significant premium over the intrinsic value estimate and the recent insider selling, prospective investors may want to consider these factors carefully before making any investment decisions.

For the complete analysis, visit the WisdomTree Inc WT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WT's GF Score™?

WT's GF Score™ is 90/100, indicating a strong overall performance based on key metrics that correlate with higher long-term returns.

Is WT overvalued or undervalued?

According to GF Value™, WT is overvalued, with a current price that exceeds its intrinsic value estimate by 21.2%.

What is WT's P/E ratio?

WT's P/E ratio is 47.5x, which is significantly higher than its 5-year median of 22.2x, indicating the stock is trading above its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Geopolitical tensions, higher-for-longer interest rates, and a new Fed chair forthcoming. It seems like fixed income investors have plenty to worry about, but thankfully, they also have optionality when deciding where to allocate. An opportunity that warrants a closer look is the municipal bond market.

In a WisdomTree Office Hours session, Raising Awareness to Active Muni Strategies, Kevin Flanagan (head of investment & fixed income strategy at WisdomTree) and Jeffrey Burger (senior portfolio manager at Insight Investment) explored active, laddered bond strategies in the muni market. Furthermore, they explained how this makes for a compelling approach given today’s uncertain macroeconomic environment.

Key Takeaways: Taxable equivalent yields on high-quality municipal bonds are reaching 7% to 9%, offering a decade-high entry point that outpaces corporate high yield with far lower default risk. A uniquely steep municipal yield curve drives built-in price appreciation through the natural rolldown effect, while long-term secular factors favor a profitable flattening of the curve. Active laddered strategies like WTMU and WTMY capture alpha within specific maturity rungs by continuously replacing overvalued securities with cheaper, mispriced revenue bonds. See more: WisdomTree’s Kevin Flanagan on How to Navigate Fixed Income

Decade-High Entry Point If there’s a good time to get into munis, that time is now. With a rapidly changing macroeconomic environment and as Flanagan noted, a “10 year Treasury yields slowly hitting or going close to hitting 4.7%,” the fixed income playbook requires a new approach. For modern wealth managers, the combination of historically high nominal yields and unique structural tailwinds are turning municipal bonds into a compelling tool to generate alpha.

That said, the defining characteristic of today’s muni market are entry-point yields. Because munis are tax-free, their nominal yields look dramatically different when viewed through a tax-adjusted lens.

“The 30 year Treasury bond is at its highest since 2007,” Flanagan noted, citing “hotter than expected CPI, PPI numbers” and Middle East conflicts pressuring energy prices.

Burger emphasized that investors must calculate “the taxable equivalent yields you get promoting a municipal, because they are tax free.”

“Effectively, depending on the strategy, the treasury yields that we’re looking at, gross that up based on your applied or actual tax rate,” Burger explained further. “And you’re looking at yields in this environment, that I’m not really being hyperbolic. When I say, I haven’t seen in at least a decade, maybe longer, for high quality type credit. You’re looking at upward seven, eight, nine, percent type taxable equivalent yields. That’s pretty darn attractive on a nominal basis.”

Summarily those tax-adjusted yields are above the sub-7% yields currently found in the U.S. corporate high-yield index. However, munis offer an investment-grade risk profile and greater credit quality through its almost non-existent historical default probability.

“The entry point is nothing but compelling,” said Burger, speaking directly to medium- and long-term investors particularly.

Two Structural Tailwinds Furthermore, there are structural tailwinds blowing in favor for munis in addition to summer seasonality. These include a remarkably steep yield curve and the potential for a medium-term macro flattening.

One of the big differences between munis and other markets right now “is how much incremental yield the investor receives from just extending a little bit.” Burger quantified this by stating that “the difference between a 10-year AAA maturity and a 30-year AAA bond is about two and a half times in terms of a steepness.”

“As that 30-year bond becomes a 29-year bond (and so on), there’s something called the rolldown effect,” Burger added. “As we go down that hill, the market has to compensate for the fact that the 30-year bond has become a 29-year bond. How does it do it? Price appreciation. That bond then becomes more valuable.”

Regarding the second tailwind, this refers to the broader economic setting. While oil spikes can apply pressure on near-term inflation, they “generally, over the medium term, lead to a slower economy, or a more efficient economy, i.e. lower inflation.” Combined with “the efficiencies and productivity increases from AI,” this macro shift is likely to cause “a flattening of our yield curve.” In turn, this directly benefits intermediate and intermediate-longer dated munis.

2 ETF Options: Active, Built-in Precision To capitalize on the aforementioned dynamics, WisdomTree and Insight Investment partnered to launch two active, laddered municipal ETFs. The WisdomTree Core Laddered Municipal Fund (WTMU) focuses on investment-grade assets, while the WisdomTree High Income Laddered Municipal Fund (WTMY) captures excess yield in lieu of taking on greater credit risk. Unlike a passive ETF or an individual bond ladder strategy, these active ETFs use an institutional research-driven model to identify relative value.

“The real genius of the strategy here is it’s active within the maturity rungs,” Burger explained, noting that the research team behind both funds use a rigorous, fundamental bottom-up approach. “If we have a bond that is sitting in 2029 and we think it’s absolutely outperformed relative to its credit worthiness, we simply will sell that security and buy one that we think is cheaper, and generate a different yield profile that should absolutely generate excess returns in our opinion. What we’re trying to do is isolate alpha through credit.”

Feature WisdomTree Core Laddered Municipal Fund WisdomTree High Income Laddered Municipal Fund Ticker WTMU WTMY Issuer WisdomTree WisdomTree Sub-Advisor Insight Investment Insight Investment Expense Ratio 0.25% 0.35% Management Style Active (Laddered maturity rungs) Active (Laddered +
High-Income tactical credit) Credit Quality Focus Strictly Investment Grade
(100% AAA to BBB) Blended (Targets ≥80% in A+ or below; allows up to 50% non-investment grade) Maturity Spectrum Intermediate rungs out to 15 years 1 to 15 year ladder ballast, extending into select longer-dated maturities Effective Duration 4.67 years 6.43 years Target Yield Premium Core benchmark index optimization Sleeves engineered to harvest 80 to 100 bps over core portfolio yields Primary Asset Profile Active Institutional Revenue Bonds Active High-Yield Infrastructure Revenue Bonds & Structured Munis Originally published on Advisor Perspectives

For more news, information, and analysis, visit the Modern Alpha Content Hub.

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the WisdomTree U.S. LargeCap ETF (EPS - Free Report) , a passively managed exchange traded fund launched on February 23, 2007.

The fund is sponsored by Wisdomtree. It has amassed assets over $1.55 billion, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market.

Why Large Cap ValueLarge cap companies usually have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.

While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. Value stocks have outperformed growth stocks in nearly all markets when you consider long-term performance, growth stocks are more likely to outpace value stocks in strong bull markets.

CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.08%, making it one of the least expensive products in the space.

It has a 12-month trailing dividend yield of 1.15%.

Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Information Technology sector -- about 36% of the portfolio. Financials and Consumer Discretionary round out the top three.

Looking at individual holdings, Nvidia Corp (NVDA) accounts for about 7.09% of total assets, followed by Google Inc (GOOGL) and Amazon.com Inc (AMZN).

The top 10 holdings account for about 38.22% of total assets under management.

Performance and RiskEPS seeks to match the performance of the WisdomTree U.S. Earnings 500 Index before fees and expenses. The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. Stock Market.

The ETF has added roughly 10.78% so far this year and is up about 29.12% in the last one year (as of 05/28/2026). In the past 52-week period, it has traded between $61.20 and $78.30.

The ETF has a beta of 0.95 and standard deviation of 13.75% for the trailing three-year period, making it a medium risk choice in the space. With about 505 holdings, it effectively diversifies company-specific risk.

AlternativesWisdomTree U.S. LargeCap ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, EPS is a good option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.

The Schwab U.S. Dividend Equity ETF (SCHD) and the Vanguard Value Index Fund ETF Shares (VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $94.47 billion in assets, Vanguard Value Index Fund ETF Shares has $177.59 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.03%.

Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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Appointment underscores firm’s commitment to leadership in the digital assets space, broadening offerings for retail and institutional investors onchain

NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced the appointment of John Whelan as Head of Strategy, Digital Assets.

Whelan brings nearly a decade of leadership in blockchain and digital assets from Banco Santander’s Corporate and Investment Bank, where he served as Managing Director of Digital Assets after building and leading the bank’s blockchain lab from 2016. He previously founded a Silicon Valley-backed blockchain startup focused on institutional credit ratings.

“John is joining WisdomTree at an exciting time for our digital assets business,” said Jonathan Steinberg, WisdomTree Founder and CEO. “As we continue to scale our digital assets business globally, John’s experience makes him an exceptional addition to our digital assets leadership team. WisdomTree is a leader in defining what the future looks like for financial infrastructure, and John will play a central role in that continued mission.”

Whelan will report to Will Peck, Head of Digital Assets at WisdomTree, and be a part of the Digital Assets Leadership team. Based in the U.S., John will lead business-unit strategy and drive key strategic initiatives, including oversight of strategic investment activities. He will collaborate closely with Business Development and Product teams on partnerships and product strategy, with a particular focus on deepening relationships with financial institutions and crypto firms and expanding WisdomTree’s footprint across Europe, Asia and Latin America. Drawing on deep expertise in stablecoins, cryptocurrency and global banking, Whelan will play a central role in helping WisdomTree drive AUM and wallet growth as the firm continues to scale its digital assets business.

“John’s experience and background in traditional banking and digital assets are precisely what we’re looking for as we accelerate the growth of WisdomTree digital assets across global markets,” said Will Peck, Head of Digital Assets at WisdomTree. “He understands the strategic and commercial realities of bringing onchain finance into institutions, and I’m excited to have him join our team and deepen our partnerships and expand our reach with financial institutions and crypto firms around the world.”

“I am honored to take on this role at such an exciting time for WisdomTree and the digital assets space,” said Whelan. “WisdomTree has built something genuinely differentiated in the digital assets ecosystem, and I’m thrilled to now be driving that mission alongside the team.”

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $168.7 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

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(Kitco News) - The gold market continues to struggle as prices remain firmly below their 200-day moving average. The selling pressure has been driven by rising inflation fears, but one analyst says that this threat could also be gold's greatest long-term strength.

Gold prices broke through critical support Friday after the Bureau of Labor Statistics announced that 172,000 jobs were created in May, significantly more than expected. Resilient strength in the labor market is prompting markets to price in a potential rate hike before the end of the year.

According to the CME FedWatch Tool, markets see a nearly 50/50 chance of a rate hike as early as October. The hawkish tilt represents a significant shift from only a month ago, when markets were still pricing in a rate cut.

Although gold has sold off on expectations that higher interest rates will raise the opportunity cost of holding a non-yielding asset, Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, said that markets may be getting ahead of themselves.

He explained that he sees a real possibility that inflation pressures could outpace the Federal Reserve's ability to respond, pushing real interest rates deeper into negative territory and reinforcing investor demand for hard monetary assets.

Although markets continue to debate the policy direction of newly appointed Federal Reserve Chair Kevin Warsh, Shah said the more important story for gold is not where nominal interest rates move, but what happens to inflation.

"There's a lot of potential for real rates to go down, especially if the Fed is holding still and inflation is rising," Shah said.

Warsh has previously expressed support for lower interest rates while simultaneously shrinking the Fed's balance sheet. However, Shah argued that elevated inflation leaves policymakers with little room to aggressively cut rates without risking their credibility.

"Right now, the data doesn't really allow for rate cuts because inflation is rising," he said. "Cutting rates in this environment would be disastrous from a credibility standpoint."

Even if the Fed keeps nominal rates unchanged, Shah noted that accelerating inflation would effectively reduce real interest rates — one of the most important factors impacting gold prices.

Inflation Risks Remain Underestimated

According to Shah, investors may still be underestimating the potential for inflation surprises in the months ahead.

One area of concern is energy markets. He noted that global oil inventories have been steadily declining, creating the potential for a nonlinear move higher in prices if supplies become increasingly constrained.

"We started this period with huge inventories of oil, and that inventory is wearing down rapidly," he said. "The more you pull down inventories, the greater the marginal impact on oil prices."

Higher energy prices could continue to filter through broader inflation measures at a time when inflation is already moving above the Federal Reserve's target.

While technological advances such as artificial intelligence could eventually improve productivity and help contain service-sector inflation, Shah argued that the outlook for goods inflation remains more problematic.

"I think we're stuck with high prices," he said.

He added that this scenario would continue to erode real yields, reducing the opportunity cost of holding non-yielding assets such as gold.

Beyond inflation, Shah said the growing possibility of slower economic growth could create an additional catalyst for gold.

Any resulting economic slowdown would likely reinforce gold's role as a defensive asset.

"If you do start seeing economic deceleration, that's another reason for gold prices to rally," Shah said. "Gold tends to do well in recessionary scenarios. It is a very strong defensive asset."

Shah also pointed to growing concerns surrounding government debt sustainability as another structural pillar supporting gold prices.

Interest payments on U.S. government debt are approaching levels comparable to military spending, raising questions about the long-term sustainability of fiscal policy.

"Gold prices are as elevated as they are right now because markets are worried about the sustainability of debt," he said.

Although Warsh has indicated a desire to shrink the Federal Reserve's balance sheet and reduce the government's dependence on monetary support, Shah remains skeptical that meaningful balance sheet reduction will be politically or economically achievable.

Slower economic growth and rising fiscal pressures could ultimately force policymakers back toward easier monetary policy, further strengthening gold's investment case.

With inflation risks rising, real rates facing downward pressure, recession concerns mounting, and central-bank buying remaining robust, Shah believes gold's recent correction may ultimately prove temporary.

"I think we're sitting on a bargain in gold right now," he said.

Shah added that recovering the roughly $1,000 decline from recent highs within the next year appears achievable if inflation continues to surprise to the upside and investors increasingly seek protection in hard monetary assets.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

The WisdomTree U.S. LargeCap ETF (EPS - Free Report) was launched on 02/23/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.

What Are Smart Beta ETFs?For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.

Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.

However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.

By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.

This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.

Fund Sponsor & IndexThe fund is managed by Wisdomtree, and has been able to amass over $1.51 billion, which makes it one of the average sized ETFs in the Style Box - Large Cap Value. Before fees and expenses, this particular fund seeks to match the performance of the WisdomTree U.S. Earnings 500 Index.

The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. Stock Market.

Cost & Other ExpensesExpense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.

With one of the least expensive products in the space, this ETF has annual operating expenses of 0.08%.

It's 12-month trailing dividend yield comes in at 1.18%.

Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

Representing 35.8% of the portfolio, the fund has heaviest allocation to the Information Technology sector; Financials and Consumer Discretionary round out the top three.

Looking at individual holdings, Nvidia Corp (NVDA) accounts for about 7.09% of total assets, followed by Google Inc (GOOGL) and Amazon.com Inc (AMZN).

The top 10 holdings account for about 38.22% of total assets under management.

Performance and RiskThe ETF has added roughly 7.54% so far this year and is up roughly 22.56% in the last one year (as of 06/11/2026). In the past 52-week period, it has traded between $61.96 and $79.36

The fund has a beta of 0.95 and standard deviation of 13.83% for the trailing three-year period, which makes EPS a medium risk choice in this particular space. With about 505 holdings, it effectively diversifies company-specific risk .

AlternativesWisdomTree U.S. LargeCap ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.

Schwab U.S. Dividend Equity ETF (SCHD) tracks Dow Jones U.S. Dividend 100 Index and the Vanguard Value Index Fund ETF Shares (VTV) tracks CRSP U.S. Large Cap Value Index. Schwab U.S. Dividend Equity ETF has $95.38 billion in assets, Vanguard Value Index Fund ETF Shares has $179.15 billion. SCHD has an expense ratio of 0.06% and VTV changes 0.03%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Value

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.