AIQ vs. SPY
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and SPDR S&P 500 ETF (SPY).
AIQ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AIQ and SPY 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 SPY.
Key characteristics
| AIQ | SPY | |
|---|---|---|
| YTD Return | 33.03% | 12.32% |
| 1Y Return | 14.80% | 4.26% |
| 5Y Return (Ann) | 12.44% | 11.25% |
| 10Y Return (Ann) | 12.63% | 12.17% |
| Sharpe Ratio | 0.65 | 0.30 |
| Daily Std Dev | 29.19% | 21.00% |
| Max Drawdown | -44.66% | -55.19% |
Correlation
The correlation between AIQ and SPY is 0.84, 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.
AIQ vs. SPY - Performance Comparison
In the year-to-date period, AIQ achieves a 33.03% return, which is significantly higher than SPY's 12.32% return. Both investments have delivered pretty close results over the past 10 years, with AIQ having a 12.63% annualized return and SPY not far behind at 12.17%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIQ vs. SPY - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.42%, less than SPY's 1.83% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.42% | 0.56% | 0.15% | 0.51% | 0.51% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.83% | 1.66% | 1.23% | 1.57% | 1.84% | 2.19% | 1.97% | 2.26% | 2.35% | 2.17% | 2.15% | 2.63% |
AIQ vs. SPY - Expense Ratio Comparison
AIQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and SPDR S&P 500 ETF (SPY). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.65 | ||||
SPY SPDR S&P 500 ETF | 0.30 |
AIQ vs. SPY - Drawdown Comparison
The maximum AIQ drawdown for the period was -41.23%, lower than the maximum SPY drawdown of -19.87%. The drawdown chart below compares losses from any high point along the way for AIQ and SPY
AIQ vs. SPY - Volatility Comparison
Global X Artificial Intelligence & Technology ETF (AIQ) has a higher volatility of 5.42% compared to SPDR S&P 500 ETF (SPY) at 3.76%. This indicates that AIQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.