ETF Evaluator:
WisdomTree Efficient Long/Shr U.S. SmcEq ()
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Best Performing in Long-Short Equity Over the Last Year
| 23.6% | Convergence Long/Short Equity ETF (CLSE) |
| 23.3% | Harbor Long-Short Equity ETF (LSEQ) |
| 22.3% | Militia Long/Short Equity ETF (ORR) |
| 20.2% | Leatherback Long/Short Alt Yld ETF (LBAY) |
| 15.5% | Efficient Market Portfolio Plus ETF (EMPB) |
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ETF Details
WisdomTree Efficient Long/Shr U.S. SmcEq Overview
WisdomTree Efficient Long/Shr U.S. SmcEq (WSLS) is an actively managed Nontraditional Equity Long-Short Equity exchange-traded fund (ETF). WisdomTree launched the ETF in 2026.
The investment seeks total return.
The fund seeks to achieve its investment objective by investing its assets in accordance with both (i) a long/short U.S. small-capitalization equity strategy and (ii) a long-only U.S. small-capitalization equity strategy. Under normal circumstances, it invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. small-capitalization equity securities and derivative instruments that provide exposure to U.S. small-capitalization equity securities. The fund is non-diversified.
About WisdomTree Efficient Long/Shr U.S. SmcEq (WSLS)
There are 2 members of the management team with an average tenure of 0.07 years: Torrey Zaches (2026) and James Stavena (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
WisdomTree Efficient Long/Shr U.S. SmcEq has 7 securities in its portfolio. The top 10 holdings constitute 296.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree Efficient Long/Shr U.S. SmcEq is part of the Equity global asset class and is within the Nontraditional Equity ETF group. WisdomTree Efficient Long/Shr U.S. SmcEq has -0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.9% There is -0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 46.1% (46.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree Efficient Long/Shr U.S. SmcEq has 56.7% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $300 million average for the Long-Short Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WSLS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree Efficient Long/Shr U.S. SmcEq expense ratio is high compared to funds in the Long-Short Equity category. WisdomTree Efficient Long/Shr U.S. SmcEq has an expense ratio of 0.88%, which is 61% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree Efficient Long/Shr U.S. SmcEq has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 179% for the Long-Short Equity category.
Recently, in the month of October 2026, WisdomTree Efficient Long/Shr U.S. SmcEq returned 0.0%, which earned it a grade of NA, as the Long-Short Equity category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree Efficient Long/Shr U.S. SmcEq has a trailing yield of 0.00%, which is below the 1.38% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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WSLS Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WSLS Return (NAV) | na | na | na | na | na | na |
| WSLS Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Long-Short Equity Avg | -1.1% | 0.7% | 13.4% | 15.1% | 11.5% | 12.2% |
| WSLS Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| WSLS Tax-Cost Ratio | na | na | na | na | na | na |
WSLS Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WSLS Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| WSLS Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Long-Short Equity Avg | 13.4% | 9.4% | 16.4% | 8.7% | 3.3% | 24.9% | -2.3% | 15.4% | -3.4% | 15.9% | 9.6% |
| WSLS Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | na |
| Expense Ratio: | 0.88% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Zaches Torrey (2026), Stavena James (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 296.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | -0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -0.9% |
| Foreign Stock: | -0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 46.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -1.9% |
| Cash: | 56.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | October 6, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.88% (Rating: High) |
| Category Average Expense Ratio (%): | 2.27% |
