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AIQ vs. IAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AIQ vs. IAK

Last updated Aug 4, 2026
Documentation

AIQ (Global X Artificial Intelligence & Technology ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - AIQ is a Artificial Intelligence fund tracking the Indxx Artificial Intelligence & Big Data Index, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 5 years, AIQ returned 14.71%/yr vs 15.99%/yr for IAK. Their 0.29 correlation means their historical movements had little consistent relationship. AIQ charges 0.68%/yr vs 0.38%/yr for IAK.

Performance

AIQ vs. IAK - Performance Comparison

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

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Returns By Period

In the year-to-date period, AIQ achieves a 19.09% return, which is significantly higher than IAK's 10.11% return.

AIQ

1D
2.85%
1M
-2.07%
6M
15.64%
YTD
19.09%
1Y
39.46%
3Y*
28.94%
5Y*
14.71%
10Y*
—
ALL TIME*
18.89%

IAK

1D
0.03%
1M
-0.03%
6M
12.56%
YTD
10.11%
1Y
19.67%
3Y*
19.67%
5Y*
15.99%
10Y*
13.18%
ALL TIME*
7.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AIQ

Global X Artificial Intelligence & Technology ETF
$119.65M$125.66M$166.59M

IAK

iShares U.S. Insurance ETF
$15.27M$20.59M$12.29M

AIQ vs. IAK - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
AIQ
Global X Artificial Intelligence & Technology ETF		19.09%31.89%24.11%55.39%-36.44%17.09%52.88%39.94%-14.05%
IAK
iShares U.S. Insurance ETF		10.11%9.50%28.25%11.28%11.33%26.84%-2.86%25.94%-8.32%

Correlation

The correlation between AIQ and IAK is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.27

Correlation (3Y)
Balances recent behavior with more history.

0.01

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.21

Correlation (All Time)
Calculated using the full available price history since May 16, 2018

0.29

The correlation between AIQ and IAK shifts across timeframes, from -0.27 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

AIQ vs. IAK - Sectors Allocation Comparison

Sectors
AIQ
IAK

Technology

78.8%

-

Communication Services

10.1%

-

Consumer Cyclical

6.6%

-

Industrials

3.6%

-

Financial Services

0.5%
99.3%

Healthcare

0.4%
0.7%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Real Estate

-

-

Utilities

-

-

Technology

AIQ
78.8%
IAK

-

Communication Services

AIQ
10.1%
IAK

-

Consumer Cyclical

AIQ
6.6%
IAK

-

Industrials

AIQ
3.6%
IAK

-

Financial Services

AIQ
0.5%
IAK
99.3%

Healthcare

AIQ
0.4%
IAK
0.7%

Basic Materials

AIQ

-

IAK

-

Consumer Defensive

AIQ

-

IAK

-

Energy

AIQ

-

IAK

-

Real Estate

AIQ

-

IAK

-

Utilities

AIQ

-

IAK

-

Compare stocks, funds, or ETFs

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Global X Artificial Intelligence & Technology ETF

iShares U.S. Insurance ETF

Often compared with AIQ:
AIQ vs. BOTZAIQ vs. CHATAIQ vs. SPYAIQ vs. IRBOAIQ vs. AIEQAIQ vs. THNQAIQ vs. IGPT
Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. ^SP500TRIAK vs. VYM

Return for Risk

AIQ vs. IAK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
AIQ
AIQ Risk / Return Rank: 5353
Overall Rank
AIQ Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
AIQ Sortino Ratio Rank: 5252
Sortino Ratio Rank
AIQ Omega Ratio Rank: 5353
Omega Ratio Rank
AIQ Calmar Ratio Rank: 5454
Calmar Ratio Rank
AIQ Martin Ratio Rank: 5050
Martin Ratio Rank
IAK
IAK Risk / Return Rank: 5454
Overall Rank
IAK Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 4949
Sortino Ratio Rank
IAK Omega Ratio Rank: 4747
Omega Ratio Rank
IAK Calmar Ratio Rank: 7272
Calmar Ratio Rank
IAK Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIQ vs. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and iShares U.S. Insurance ETF (IAK). 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.

AIQIAKDifference
Sharpe ratioReturn per unit of total volatility
1.39
1.24

+0.15

Sortino ratioReturn per unit of downside risk
1.88
1.81

+0.07

Omega ratioGain probability vs. loss probability

1.24

1.22

+0.02

Calmar ratioReturn relative to maximum drawdown

1.96

2.59

-0.63

Martin ratioReturn relative to average drawdown

5.85

6.29

-0.45

AIQ vs. IAK - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 1.39, which is comparable to the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of AIQ and IAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AIQ vs. IAK - Drawdown Comparison

The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for AIQ and IAK.

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Drawdown Indicators

AIQIAKDifference

Max Drawdown

Largest peak-to-trough decline

-44.66%

-77.38%

+32.72%

Max Drawdown (1Y)

Largest decline over 1 year

-20.19%

-7.62%

-12.57%

Max Drawdown (3Y)

Largest decline over 3 years

-26.35%

-11.58%

-14.77%

Max Drawdown (5Y)

Largest decline over 5 years

-44.66%

-14.76%

-29.90%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.95%

—

Current Drawdown

Current decline from peak

-13.64%

-3.20%

-10.44%

Average Drawdown

Average peak-to-trough decline

-9.82%

-16.01%

+6.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.76%

3.13%

+3.63%

Volatility

AIQ vs. IAK - Volatility Comparison

Global X Artificial Intelligence & Technology ETF (AIQ) has a higher volatility of 10.54% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that AIQ's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AIQIAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.54%

6.56%

+3.98%

Volatility (6M)

Calculated over the trailing 6-month period

24.90%

12.42%

+12.48%

Volatility (1Y)

Calculated over the trailing 1-year period

28.63%

15.99%

+12.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.45%

18.13%

+8.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.99%

20.92%

+5.07%

AIQ vs. IAK - Expense Ratio Comparison

AIQ has a 0.68% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

AIQ vs. IAK - Dividend Comparison

AIQ's dividend yield for the trailing twelve months is around 0.08%, less than IAK's 2.42% yield.

PositionTTM20252024202320222021202020192018201720162015
AIQ
Global X Artificial Intelligence & Technology ETF		0.08%0.18%0.14%0.16%0.56%0.15%0.50%0.51%0.51%0.00%0.00%0.00%
IAK
iShares U.S. Insurance ETF		2.42%1.69%1.49%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%

Frequently Asked Questions

AIQ and IAK have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AIQ has higher volatility (10.54%) compared to IAK (6.56%). In terms of maximum drawdown, AIQ dropped -44.66% vs IAK's -77.38%.

On 5-year performance, IAK leads with 15.99% vs 14.71% for AIQ. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IAK has performed better with a 15.99% return vs 14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IAK is cheaper with a 0.38% expense ratio, compared with 0.68% for AIQ.

IAK has the higher dividend yield at 2.42%, compared with 0.08% for AIQ.

AIQ is categorized as Artificial Intelligence, while IAK is Financials Equities. AIQ tracks Indxx Artificial Intelligence & Big Data Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.68% for AIQ and 0.38% for IAK.

AIQ currently has the higher Sharpe Ratio (1.39 vs 1.24), 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.

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