AIQ.L vs. AIQ
Compare and contrast key facts about AIQ Ltd (AIQ.L) and Global X Artificial Intelligence & Technology ETF (AIQ).
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: AIQ.L or AIQ.
Key characteristics
| AIQ.L | AIQ | |
|---|---|---|
| YTD Return | -40.00% | 6.96% |
| 1Y Return | -53.85% | 40.84% |
| 3Y Return (Ann) | -36.14% | 5.26% |
| 5Y Return (Ann) | -39.15% | 15.80% |
| Sharpe Ratio | -0.46 | 2.19 |
| Daily Std Dev | 116.62% | 18.16% |
| Max Drawdown | -97.93% | -44.66% |
| Current Drawdown | -97.93% | -2.54% |
Correlation
The correlation between AIQ.L and AIQ is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AIQ.L vs. AIQ - Performance Comparison
In the year-to-date period, AIQ.L achieves a -40.00% return, which is significantly lower than AIQ's 6.96% 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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Risk-Adjusted Performance
AIQ.L vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AIQ Ltd (AIQ.L) 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
AIQ.L vs. AIQ - Dividend Comparison
AIQ.L has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AIQ.L AIQ Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.15% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
AIQ.L vs. AIQ - Drawdown Comparison
The maximum AIQ.L drawdown since its inception was -97.93%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for AIQ.L and AIQ. For additional features, visit the drawdowns tool.
Volatility
AIQ.L vs. AIQ - Volatility Comparison
The current volatility for AIQ Ltd (AIQ.L) is 2.01%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 6.54%. This indicates that AIQ.L experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.