AIEQ vs. SPGP
Compare and contrast key facts about AI Powered Equity ETF (AIEQ) and Invesco S&P 500 GARP ETF (SPGP).
AIEQ and SPGP 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. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIEQ or SPGP.
Key characteristics
| AIEQ | SPGP | |
|---|---|---|
| YTD Return | 5.77% | 7.66% |
| 1Y Return | 23.24% | 15.43% |
| 3Y Return (Ann) | -2.42% | 6.79% |
| 5Y Return (Ann) | 8.10% | 14.38% |
| Sharpe Ratio | 1.22 | 0.95 |
| Daily Std Dev | 18.77% | 14.95% |
| Max Drawdown | -38.97% | -42.08% |
| Current Drawdown | -13.35% | -1.58% |
Correlation
The correlation between AIEQ and SPGP is 0.81, 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.
Performance
AIEQ vs. SPGP - Performance Comparison
In the year-to-date period, AIEQ achieves a 5.77% return, which is significantly lower than SPGP's 7.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIEQ vs. SPGP - Expense Ratio Comparison
AIEQ has a 0.80% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
AIEQ vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AI Powered Equity ETF (AIEQ) and Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
AIEQ's dividend yield for the trailing twelve months is around 0.57%, less than SPGP's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIEQ AI Powered Equity ETF | 0.57% | 0.98% | 0.11% | 1.76% | 0.39% | 0.60% | 9.11% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.07% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
AIEQ vs. SPGP - Drawdown Comparison
The maximum AIEQ drawdown since its inception was -38.97%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for AIEQ and SPGP. For additional features, visit the drawdowns tool.
Volatility
AIEQ vs. SPGP - Volatility Comparison
The current volatility for AI Powered Equity ETF (AIEQ) is 4.51%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.02%. This indicates that AIEQ experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.