AIEQ vs. AIQ
Compare and contrast key facts about AI Powered Equity ETF (AIEQ) and Global X Artificial Intelligence & Technology ETF (AIQ).
AIEQ and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIEQ is an actively managed fund by ETFMG. It was launched on Oct 17, 2017. AIQ is a passively managed fund by Global X that tracks the performance of the Indxx Artificial Intelligence & Big Data Index. It was launched on May 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIEQ or AIQ.
Performance
AIEQ vs. AIQ - Performance Comparison
Returns By Period
In the year-to-date period, AIEQ achieves a 15.94% return, which is significantly lower than AIQ's 23.62% return.
AIEQ
15.94%
7.36%
17.81%
33.67%
9.33%
N/A
AIQ
23.62%
2.56%
12.84%
30.39%
18.07%
N/A
Key characteristics
| AIEQ | AIQ | |
|---|---|---|
| Sharpe Ratio | 1.85 | 1.64 |
| Sortino Ratio | 2.54 | 2.20 |
| Omega Ratio | 1.33 | 1.29 |
| Calmar Ratio | 1.18 | 2.21 |
| Martin Ratio | 8.85 | 8.48 |
| Ulcer Index | 3.87% | 3.65% |
| Daily Std Dev | 18.55% | 18.86% |
| Max Drawdown | -38.97% | -44.66% |
| Current Drawdown | -5.02% | -1.51% |
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AIEQ vs. AIQ - Expense Ratio Comparison
AIEQ has a 0.80% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Correlation
The correlation between AIEQ and AIQ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AIEQ vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AI Powered Equity ETF (AIEQ) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
Dividends
AIEQ vs. AIQ - Dividend Comparison
AIEQ's dividend yield for the trailing twelve months is around 0.62%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
AIEQ AI Powered Equity ETF | 0.62% | 0.97% | 0.11% | 1.76% | 0.39% | 0.60% | 9.11% | 0.16% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% |
Drawdowns
AIEQ vs. AIQ - Drawdown Comparison
The maximum AIEQ drawdown since its inception was -38.97%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for AIEQ and AIQ. For additional features, visit the drawdowns tool.
Volatility
AIEQ vs. AIQ - Volatility Comparison
AI Powered Equity ETF (AIEQ) and Global X Artificial Intelligence & Technology ETF (AIQ) have volatilities of 5.25% and 5.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.