AIQ vs. IQM
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and Franklin Intelligent Machines ETF (IQM).
AIQ and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIQ or IQM.
Performance
AIQ vs. IQM - Performance Comparison
Returns By Period
In the year-to-date period, AIQ achieves a 21.15% return, which is significantly lower than IQM's 27.95% return.
AIQ
21.15%
-0.11%
10.13%
29.23%
17.59%
N/A
IQM
27.95%
3.95%
10.78%
37.96%
N/A
N/A
Key characteristics
| AIQ | IQM | |
|---|---|---|
| Sharpe Ratio | 1.55 | 1.57 |
| Sortino Ratio | 2.10 | 2.10 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 2.10 | 2.08 |
| Martin Ratio | 8.08 | 6.74 |
| Ulcer Index | 3.63% | 5.73% |
| Daily Std Dev | 18.89% | 24.60% |
| Max Drawdown | -44.66% | -44.91% |
| Current Drawdown | -3.48% | -3.79% |
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AIQ vs. IQM - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than IQM's 0.50% expense ratio.
Correlation
The correlation between AIQ and IQM is 0.89, 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
AIQ vs. IQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and Franklin Intelligent Machines ETF (IQM). 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 vs. IQM - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.16%, while IQM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
IQM Franklin Intelligent Machines ETF | 0.00% | 0.00% | 0.00% | 0.17% | 0.01% | 0.00% | 0.00% |
Drawdowns
AIQ vs. IQM - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, roughly equal to the maximum IQM drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for AIQ and IQM. For additional features, visit the drawdowns tool.
Volatility
AIQ vs. IQM - Volatility Comparison
The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 5.48%, while Franklin Intelligent Machines ETF (IQM) has a volatility of 6.31%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than IQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.