AIQ vs. SLV
AIQ (Global X Artificial Intelligence & Technology ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, AIQ returned 17.96%/yr vs 20.04%/yr for SLV. At a 0.24 correlation, their price movements are largely independent. AIQ charges 0.68%/yr vs 0.50%/yr for SLV.
Performance
AIQ vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, AIQ achieves a 31.34% return, which is significantly higher than SLV's -7.62% return.
AIQ
- 1D
- 3.84%
- 1M
- 6.69%
- YTD
- 31.34%
- 6M
- 31.79%
- 1Y
- 61.29%
- 3Y*
- 33.36%
- 5Y*
- 17.96%
- 10Y*
- —
SLV
- 1D
- -1.81%
- 1M
- -14.31%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
AIQ vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 31.34% | 31.89% | 24.11% | 55.39% | -36.44% | 17.09% | 52.88% | 39.94% | -14.05% |
SLV iShares Silver Trust | -7.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -5.28% |
Correlation
The correlation between AIQ and SLV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.24 |
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Return for Risk
AIQ vs. SLV — Risk / Return Rank
AIQ
SLV
AIQ vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and iShares Silver Trust (SLV). 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.
| AIQ | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.75 | +1.90 |
| Martin ratioReturn relative to average drawdown | 11.84 | 3.68 | +8.16 |
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Drawdowns
AIQ vs. SLV - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for AIQ and SLV.
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Drawdown Indicators
| AIQ | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.66% | -76.28% | +31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -16.47% | -45.40% | +28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | -45.40% | +19.05% |
Max Drawdown (5Y)Largest decline over 5 years | -44.66% | -45.40% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.40% | — |
Current DrawdownCurrent decline from peak | -4.76% | -43.65% | +38.89% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -44.65% | +34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 21.52% | -16.45% |
Volatility
AIQ vs. SLV - Volatility Comparison
Global X Artificial Intelligence & Technology ETF (AIQ) and iShares Silver Trust (SLV) have volatilities of 13.99% and 14.09%, 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.
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Volatility by Period
| AIQ | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.99% | 14.09% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 22.02% | 59.18% | -37.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 60.10% | -34.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 36.50% | -10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.78% | 32.04% | -6.26% |
AIQ vs. SLV - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
AIQ vs. SLV - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.14%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIQ and SLV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.09%) compared to AIQ (13.99%). In terms of maximum drawdown, AIQ dropped -44.66% vs SLV's -76.28%.
On 5-year performance, SLV leads with 20.04% vs 17.96% for AIQ. On fees, SLV is cheaper at 0.50% per year. On volatility, AIQ has been the lower-risk option at 13.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 20.04% return vs 17.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.68% for AIQ.
AIQ has the higher dividend yield at 0.14%, compared with 0.00% for SLV.
AIQ is categorized as Technology Equities, while SLV is Silver. AIQ tracks Indxx Artificial Intelligence & Big Data Index, while SLV tracks LBMA Silver Price. They also come from different issuers: Global X and iShares. Their fees differ too: 0.68% for AIQ and 0.50% for SLV.
AIQ currently has the higher Sharpe Ratio (2.32 vs 1.32), 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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