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 -39.60% vs 37.02% 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 -26.00% return, which is significantly lower than IGM's 20.35% return.
AIBD
- 1D
- 5.39%
- 1M
- 9.76%
- 6M
- -24.63%
- YTD
- -26.00%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGM
- 1D
- -2.48%
- 1M
- -3.54%
- 6M
- 19.15%
- YTD
- 20.35%
- 1Y
- 37.02%
- 3Y*
- 31.90%
- 5Y*
- 18.50%
- 10Y*
- 23.77%
AIBD vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -26.00% | -49.15% | -34.56% |
IGM iShares Expanded Tech Sector ETF | 20.35% | 26.76% | 18.55% |
Correlation
The correlation between AIBD and IGM is -0.83, 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 | -0.83 |
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 -0.83 - 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 | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.27 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.26 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.41 | 7.10 | -8.51 |
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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 | -77.48% | -9.12% | -68.36% |
Average DrawdownAverage peak-to-trough decline | -49.73% | -15.19% | -34.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.63% | 5.23% | +23.40% |
Volatility
AIBD vs. IGM - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 15.87% compared to iShares Expanded Tech Sector ETF (IGM) at 8.90%. 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 | 15.87% | 8.90% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 19.74% | +22.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.86% | 23.59% | +31.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 26.23% | +30.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.20% | 24.76% | +32.44% |
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 3.41%, 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 | 3.41% | 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 -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (15.87%) compared to IGM (8.90%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGM's -65.59%.
On 1-year performance, IGM leads with 37.02% vs -39.60% for AIBD. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 8.90%. 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 37.02% return vs -39.60%. 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 3.41%, 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 (1.58 vs -0.72), 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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