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 Artificial Intelligence 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 -45.50% vs 41.22% for IGM. Their -0.89 correlation means they have often moved in opposite directions in the past. AIBD charges 1.05%/yr vs 0.39%/yr for IGM.
Performance
AIBD vs. IGM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIBD achieves a -35.85% return, which is significantly lower than IGM's 25.65% return.
AIBD
- 1D
- 2.81%
- 1M
- -7.12%
- 6M
- -43.33%
- YTD
- -35.85%
- 1Y
- -45.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -50.08%
IGM
- 1D
- -0.87%
- 1M
- 1.58%
- 6M
- 31.39%
- YTD
- 25.65%
- 1Y
- 41.22%
- 3Y*
- 35.21%
- 5Y*
- 18.82%
- 10Y*
- 23.82%
- ALL TIME*
- 12.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $629.00K | $497.08K | $497.02K | |
| $59.17M | $51.24M | $82.50M |
AIBD vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -35.85% | -49.15% | -34.56% |
IGM iShares Expanded Tech Sector ETF | 25.65% | 26.76% | 18.55% |
Correlation
The correlation between AIBD and IGM is -0.86, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.86 |
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 -0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.28 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.52 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.50 | 7.22 | -8.72 |
Loading charts...
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.
Loading charts...
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 | -80.48% | -5.12% | -75.36% |
Average DrawdownAverage peak-to-trough decline | -50.43% | -15.18% | -35.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.33% | 5.72% | +24.61% |
Volatility
AIBD vs. IGM - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 20.76% compared to iShares Expanded Tech Sector ETF (IGM) at 9.13%. 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.
Loading charts...
Volatility by Period
| AIBD | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.76% | 9.13% | +11.63% |
Volatility (6M)Calculated over the trailing 6-month period | 44.77% | 20.62% | +24.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.12% | 24.63% | +32.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.74% | 26.43% | +31.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.74% | 24.88% | +32.86% |
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 3.93%, more than IGM's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.93% | 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 | 0.13% | 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 -0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (20.76%) compared to IGM (9.13%). In terms of maximum drawdown, AIBD dropped -82.11% vs IGM's -65.59%.
On 1-year performance, IGM leads with 41.22% vs -45.50% for AIBD. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 9.13%. 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 41.22% return vs -45.50%. 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 3.93%, compared with 0.13% for IGM.
AIBD is categorized as Artificial Intelligence, 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 (1.68 vs -0.80), 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.
Find the right allocation for AIBD and IGM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer