AIQ vs. XLK
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and Technology Select Sector SPDR Fund (XLK).
AIQ and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both AIQ and XLK 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 XLK.
Performance
AIQ vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, AIQ achieves a 23.62% return, which is significantly higher than XLK's 21.93% return.
AIQ
23.62%
2.56%
12.84%
30.39%
18.07%
N/A
XLK
21.93%
0.75%
9.80%
27.30%
23.15%
20.32%
Key characteristics
| AIQ | XLK | |
|---|---|---|
| Sharpe Ratio | 1.64 | 1.29 |
| Sortino Ratio | 2.20 | 1.76 |
| Omega Ratio | 1.29 | 1.24 |
| Calmar Ratio | 2.21 | 1.64 |
| Martin Ratio | 8.48 | 5.66 |
| Ulcer Index | 3.65% | 4.92% |
| Daily Std Dev | 18.86% | 21.69% |
| Max Drawdown | -44.66% | -82.05% |
| Current Drawdown | -1.51% | -1.66% |
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AIQ vs. XLK - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between AIQ and XLK 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. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.16%, less than XLK's 0.67% 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% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
AIQ vs. XLK - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIQ and XLK. For additional features, visit the drawdowns tool.
Volatility
AIQ vs. XLK - Volatility Comparison
The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 5.26%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.25%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.