AIQ vs. PBD
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and Invesco Global Clean Energy ETF (PBD).
AIQ and PBD 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. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007. Both AIQ and PBD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIQ or PBD.
Performance
AIQ vs. PBD - Performance Comparison
Returns By Period
In the year-to-date period, AIQ achieves a 23.62% return, which is significantly higher than PBD's -25.28% return.
AIQ
23.62%
2.56%
12.84%
30.39%
18.07%
N/A
PBD
-25.28%
-9.31%
-17.40%
-16.16%
-0.15%
1.20%
Key characteristics
| AIQ | PBD | |
|---|---|---|
| Sharpe Ratio | 1.64 | -0.66 |
| Sortino Ratio | 2.20 | -0.83 |
| Omega Ratio | 1.29 | 0.91 |
| Calmar Ratio | 2.21 | -0.24 |
| Martin Ratio | 8.48 | -1.13 |
| Ulcer Index | 3.65% | 14.82% |
| Daily Std Dev | 18.86% | 25.12% |
| Max Drawdown | -44.66% | -78.60% |
| Current Drawdown | -1.51% | -68.88% |
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AIQ vs. PBD - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is lower than PBD's 0.75% expense ratio.
Correlation
The correlation between AIQ and PBD is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AIQ vs. PBD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and Invesco Global Clean Energy ETF (PBD). 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. PBD - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.16%, less than PBD's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBD Invesco Global Clean Energy ETF | 3.05% | 2.86% | 2.98% | 0.67% | 0.48% | 1.83% | 1.87% | 1.77% | 2.05% | 1.24% | 1.05% | 0.88% |
Drawdowns
AIQ vs. PBD - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum PBD drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for AIQ and PBD. For additional features, visit the drawdowns tool.
Volatility
AIQ vs. PBD - Volatility Comparison
The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 5.26%, while Invesco Global Clean Energy ETF (PBD) has a volatility of 9.26%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than PBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.