AIBU vs. IVES

Last updated Jun 24, 2026

AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - AIBU is a Leveraged Equities fund tracking the Solactive US AI & Big Data Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. Over the past year, AIBU returned 67.41% vs 40.84% for IVES. Their correlation of 0.92 suggests significant overlap in exposure. AIBU charges 0.96%/yr vs 0.75%/yr for IVES.

Performance

AIBU vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIBU achieves a 24.78% return, which is significantly higher than IVES's 15.94% return.

AIBU

• 1D: -4.43%
• 1M: -3.16%
• YTD: 24.78%
• 6M: 21.08%
• 1Y: 67.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVES

• 1D: -2.42%
• 1M: -1.61%
• YTD: 15.94%
• 6M: 13.43%
• 1Y: 40.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIBU vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
AIBU Direxion Daily AI and Big Data Bull 2X Shares	24.78%	41.47%
IVES Dan IVES Wedbush AI Revolution ETF	15.94%	25.11%

Correlation

The correlation between AIBU and IVES is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.92

The correlation between AIBU and IVES has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

AIBU vs. IVES - Sectors Allocation Comparison

Sectors	AIBU	IVES
Technology	32.3%	71.8%
Communication Services	4.1%	10.9%
Consumer Cyclical	2.4%	11.0%
Healthcare	0.3%	-
Industrials	0.1%	3.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.9%
Real Estate	-	-
Utilities	-	1.3%

Return for Risk

AIBU vs. IVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIBU

AIBU Risk / Return Rank: 34
AIBU Sharpe Ratio Rank: 40
AIBU Sortino Ratio Rank: 38
AIBU Omega Ratio Rank: 37
AIBU Calmar Ratio Rank: 30
AIBU Martin Ratio Rank: 26

IVES

IVES Risk / Return Rank: 40
IVES Sharpe Ratio Rank: 45
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 41
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIBU vs. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	AIBU	IVES	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.51	-0.17
Sortino ratio: Return per unit of downside risk	1.84	2.03	-0.19
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.39	1.81	-0.42
Martin ratio: Return relative to average drawdown	3.34	4.94	-1.61

AIBU vs. IVES - Sharpe Ratio Comparison

The current AIBU Sharpe Ratio is 1.35, which is comparable to the IVES Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of AIBU and IVES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIBU vs. IVES - Drawdown Comparison

The maximum AIBU drawdown since its inception was -51.17%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for AIBU and IVES.

Drawdown Indicators

	AIBU	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-22.64%	-28.53%
Max Drawdown (1Y) Largest decline over 1 year	-48.71%	-22.64%	-26.07%
Current Drawdown Current decline from peak	-19.38%	-12.17%	-7.21%
Average Drawdown Average peak-to-trough decline	-13.79%	-5.83%	-7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.26%	8.28%	+11.98%

Volatility

AIBU vs. IVES - Volatility Comparison

Direxion Daily AI and Big Data Bull 2X Shares (AIBU) has a higher volatility of 21.15% compared to Dan IVES Wedbush AI Revolution ETF (IVES) at 11.75%. This indicates that AIBU's price experiences larger fluctuations and is considered to be riskier than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIBU	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.15%	11.75%	+9.40%
Volatility (6M) Calculated over the trailing 6-month period	39.22%	21.34%	+17.88%
Volatility (1Y) Calculated over the trailing 1-year period	50.36%	27.10%	+23.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.97%	26.66%	+29.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.97%	26.66%	+29.31%

AIBU vs. IVES - Expense Ratio Comparison

AIBU has a 0.96% expense ratio, which is higher than IVES's 0.75% expense ratio.

Dividends

AIBU vs. IVES - Dividend Comparison

AIBU's dividend yield for the trailing twelve months is around 1.79%, more than IVES's 0.36% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.79%	2.27%	1.33%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	0.00%

Frequently Asked Questions

Can I hold both AIBU and IVES in my portfolio?

With a correlation of 0.92, AIBU and IVES move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AIBU or IVES?

AIBU has higher volatility (21.15%) compared to IVES (11.75%). In terms of maximum drawdown, AIBU dropped -51.17% vs IVES's -22.64%.

Which ETF is better, AIBU or IVES?

On 1-year performance, AIBU leads with 67.41% vs 40.84% for IVES. On fees, IVES is cheaper at 0.75% per year. On volatility, IVES has been the lower-risk option at 11.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIBU or IVES?

Over the 1-year period, AIBU has performed better with a 67.41% return vs 40.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIBU or IVES?

IVES is cheaper with a 0.75% expense ratio, compared with 0.96% for AIBU.

Which ETF pays a higher dividend yield, AIBU or IVES?

AIBU has the higher dividend yield at 1.79%, compared with 0.36% for IVES.

What is the main difference between AIBU and IVES?

AIBU is categorized as Leveraged Equities, while IVES is Technology Equities. AIBU tracks Solactive US AI & Big Data Index, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: Direxion and Wedbush. Their fees differ too: 0.96% for AIBU and 0.75% for IVES.

Which has better risk-adjusted returns?

IVES currently has the higher Sharpe Ratio (1.51 vs 1.35), 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.