AIQ vs. ETN

Last updated Jun 9, 2026

AIQ (Global X Artificial Intelligence & Technology ETF) is Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index, while ETN (Eaton Corporation plc) is a stock. Over the past 5 years, AIQ returned 17.37%/yr vs 24.42%/yr for ETN. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

AIQ vs. ETN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Artificial Intelligence & Technology ETF (AIQ) and Eaton Corporation plc (ETN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AIQ having a 26.70% return and ETN slightly higher at 27.32%.

AIQ

• 1D: 3.07%
• 1M: 3.42%
• YTD: 26.70%
• 6M: 25.19%
• 1Y: 55.14%
• 3Y*: 33.87%
• 5Y*: 17.37%
• 10Y*: —

ETN

• 1D: 1.82%
• 1M: 0.41%
• YTD: 27.32%
• 6M: 18.09%
• 1Y: 23.03%
• 3Y*: 30.80%
• 5Y*: 24.42%
• 10Y*: 23.50%

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

AIQ vs. ETN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	26.70%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.03%
ETN Eaton Corporation plc	27.32%	-2.79%	39.51%	56.22%	-7.18%	46.70%	29.88%	42.76%	-9.66%

Correlation

The correlation between AIQ and ETN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.54

The correlation between AIQ and ETN has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

AIQ vs. ETN — Risk / Return Rank

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

AIQ

AIQ Risk / Return Rank: 71
AIQ Sharpe Ratio Rank: 77
AIQ Sortino Ratio Rank: 67
AIQ Omega Ratio Rank: 71
AIQ Calmar Ratio Rank: 73
AIQ Martin Ratio Rank: 68

ETN

ETN Risk / Return Rank: 63
ETN Sharpe Ratio Rank: 66
ETN Sortino Ratio Rank: 58
ETN Omega Ratio Rank: 58
ETN Calmar Ratio Rank: 66
ETN Martin Ratio Rank: 65

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.

AIQ vs. ETN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and Eaton Corporation plc (ETN). 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.

	AIQ	ETN	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.71	+1.53
Sortino ratio: Return per unit of downside risk	2.76	1.14	+1.61
Omega ratio: Gain probability vs. loss probability	1.38	1.14	+0.24
Calmar ratio: Return relative to maximum drawdown	3.36	1.21	+2.16
Martin ratio: Return relative to average drawdown	11.43	2.63	+8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIQ vs. ETN - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 2.24, which is higher than the ETN Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of AIQ and ETN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIQ	ETN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.71	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.82	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.42	+0.37

Drawdowns

AIQ vs. ETN - Drawdown Comparison

The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum ETN drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for AIQ and ETN.

Drawdown Indicators

	AIQ	ETN	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-68.95%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	-19.14%	+2.67%
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	-34.46%	+8.11%
Max Drawdown (5Y) Largest decline over 5 years	-44.66%	-34.46%	-10.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.55%	—
Current Drawdown Current decline from peak	-8.13%	-6.64%	-1.49%
Average Drawdown Average peak-to-trough decline	-9.79%	-14.90%	+5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	8.78%	-3.94%

Volatility

AIQ vs. ETN - Volatility Comparison

Global X Artificial Intelligence & Technology ETF (AIQ) and Eaton Corporation plc (ETN) have volatilities of 12.72% and 12.39%, 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.

Volatility by Period

	AIQ	ETN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.72%	12.39%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	25.71%	-5.01%
Volatility (1Y) Calculated over the trailing 1-year period	24.76%	32.58%	-7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.63%	30.03%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.67%	30.01%	-4.34%

Dividends

AIQ vs. ETN - Dividend Comparison

AIQ's dividend yield for the trailing twelve months is around 0.15%, less than ETN's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
ETN Eaton Corporation plc	1.06%	1.31%	1.13%	1.43%	2.06%	1.76%	1.88%	3.00%	3.85%	3.04%	3.40%	4.23%

Frequently Asked Questions

Can I hold both AIQ and ETN in my portfolio?

AIQ and ETN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIQ or ETN?

AIQ has higher volatility (12.72%) compared to ETN (12.39%). In terms of maximum drawdown, AIQ dropped -44.66% vs ETN's -68.95%.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (2.24 vs 0.71), 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.