AIBD vs. IGM
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and IGM (iShares Expanded Tech Sector ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Both are passively managed. Over the past year, AIBD returned -50.84% vs 47.83% for IGM. At a correlation of -0.89, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.39%/yr for IGM.
Performance
AIBD vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -29.34% return, which is significantly lower than IGM's 22.65% return.
AIBD
- 1D
- 4.59%
- 1M
- -0.57%
- YTD
- -29.34%
- 6M
- -27.18%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGM
- 1D
- -3.56%
- 1M
- 0.74%
- YTD
- 22.65%
- 6M
- 21.02%
- 1Y
- 47.83%
- 3Y*
- 35.67%
- 5Y*
- 19.25%
- 10Y*
- 24.86%
AIBD vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.34% | -49.15% | -34.56% |
IGM iShares Expanded Tech Sector ETF | 22.65% | 26.76% | 18.55% |
Correlation
The correlation between AIBD and IGM is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.89 |
The correlation between AIBD and IGM has been stable across timeframes, ranging from -0.89 to -0.82 - a consistent structural relationship.
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Return for Risk
AIBD vs. IGM — Risk / Return Rank
AIBD
IGM
AIBD vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and iShares Expanded Tech Sector ETF (IGM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.36 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.92 | -3.79 |
| Martin ratioReturn relative to average drawdown | -1.72 | 9.77 | -11.49 |
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Drawdowns
AIBD vs. IGM - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for AIBD and IGM.
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Drawdown Indicators
| AIBD | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -65.59% | -16.52% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -16.44% | -42.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.68% | — |
Current DrawdownCurrent decline from peak | -78.50% | -7.39% | -71.11% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -15.21% | -33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.08% | 4.91% | +27.17% |
Volatility
AIBD vs. IGM - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 21.86% compared to iShares Expanded Tech Sector ETF (IGM) at 11.53%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.86% | 11.53% | +10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 18.67% | +21.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.13% | 22.76% | +31.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 26.07% | +31.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 24.71% | +32.59% |
AIBD vs. IGM - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than IGM's 0.39% expense ratio.
Dividends
AIBD vs. IGM - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.81%, more than IGM's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.81% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
Frequently Asked Questions
AIBD and IGM have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.86%) compared to IGM (11.53%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGM's -65.59%.
On 1-year performance, IGM leads with 47.83% vs -50.84% for AIBD. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGM has performed better with a 47.83% return vs -50.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGM is cheaper with a 0.39% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.81%, compared with 0.14% for IGM.
AIBD is categorized as Inverse Equities, while IGM is Technology Equities. AIBD tracks Solactive US AI & Big Data Index, while IGM tracks S&P North American Expanded Technology Sector Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.05% for AIBD and 0.39% for IGM.
IGM currently has the higher Sharpe Ratio (2.11 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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