AIVC vs. AIBD

Last updated Jul 15, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and AIBD (Direxion Daily AI and Big Data Bear 2X Shares) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index. Both are passively managed. Over the past year, AIVC returned 103.05% vs -41.86% for AIBD. At a correlation of -0.78, they often move in opposite directions. AIVC charges 0.59%/yr vs 1.05%/yr for AIBD.

Performance

AIVC vs. AIBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Direxion Daily AI and Big Data Bear 2X Shares (AIBD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 60.25% return, which is significantly higher than AIBD's -29.61% return.

AIVC

• 1D: 1.49%
• 1M: -3.04%
• 6M: 53.41%
• YTD: 60.25%
• 1Y: 103.05%
• 3Y*: 43.09%
• 5Y*: 16.95%
• 10Y*: 15.84%

AIBD

• 1D: 3.49%
• 1M: 0.52%
• 6M: -26.17%
• YTD: -29.61%
• 1Y: -41.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVC vs. AIBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIVC Amplify Bloomberg AI Value Chain ETF	60.25%	39.94%	6.87%
AIBD Direxion Daily AI and Big Data Bear 2X Shares	-29.61%	-49.15%	-34.56%

Correlation

The correlation between AIVC and AIBD is -0.75, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.75
Correlation (All Time) Calculated using the full available price history since May 15, 2024	-0.78

The correlation between AIVC and AIBD has been stable across timeframes, ranging from -0.78 to -0.75 - a consistent structural relationship.

Return for Risk

AIVC vs. AIBD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVC

AIVC Risk / Return Rank: 93
AIVC Sharpe Ratio Rank: 96
AIVC Sortino Ratio Rank: 90
AIVC Omega Ratio Rank: 89
AIVC Calmar Ratio Rank: 96
AIVC Martin Ratio Rank: 94

AIBD

AIBD Risk / Return Rank: 3
AIBD Sharpe Ratio Rank: 3
AIBD Sortino Ratio Rank: 3
AIBD Omega Ratio Rank: 4
AIBD Calmar Ratio Rank: 3
AIBD Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVC vs. AIBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Direxion Daily AI and Big Data Bear 2X Shares (AIBD). 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.

	AIVC	AIBD	Difference
Sharpe ratio: Return per unit of total volatility	3.09	-0.77	+3.86
Sortino ratio: Return per unit of downside risk	3.38	-1.00	+4.39
Omega ratio: Gain probability vs. loss probability	1.44	0.89	+0.55
Calmar ratio: Return relative to maximum drawdown	7.34	-0.71	+8.06
Martin ratio: Return relative to average drawdown	19.83	-1.45	+21.27

AIVC vs. AIBD - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 3.09, which is higher than the AIBD Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of AIVC and AIBD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. AIBD - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, smaller than the maximum AIBD drawdown of -82.11%. Use the drawdown chart below to compare losses from any high point for AIVC and AIBD.

Drawdown Indicators

	AIVC	AIBD	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-82.11%	+26.00%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-58.75%	+44.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	—	—
Current Drawdown Current decline from peak	-11.89%	-78.58%	+66.69%
Average Drawdown Average peak-to-trough decline	-16.35%	-49.58%	+33.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	28.94%	-23.72%

Volatility

AIVC vs. AIBD - Volatility Comparison

The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 13.23%, while Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a volatility of 16.94%. This indicates that AIVC experiences smaller price fluctuations and is considered to be less risky than AIBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVC	AIBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.23%	16.94%	-3.71%
Volatility (6M) Calculated over the trailing 6-month period	28.26%	41.93%	-13.67%
Volatility (1Y) Calculated over the trailing 1-year period	33.52%	54.88%	-21.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.03%	57.23%	-26.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.30%	57.23%	-29.93%

AIVC vs. AIBD - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is lower than AIBD's 1.05% expense ratio.

Dividends

AIVC vs. AIBD - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.11%, less than AIBD's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIBD Direxion Daily AI and Big Data Bear 2X Shares	3.58%	4.37%	3.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AIVC Amplify Bloomberg AI Value Chain ETF	0.11%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%

Frequently Asked Questions

Can I hold both AIVC and AIBD in my portfolio?

AIVC and AIBD have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVC or AIBD?

AIBD has higher volatility (16.94%) compared to AIVC (13.23%). In terms of maximum drawdown, AIVC dropped -56.11% vs AIBD's -82.11%.

Which ETF is better, AIVC or AIBD?

On 1-year performance, AIVC leads with 103.05% vs -41.86% for AIBD. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 13.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or AIBD?

Over the 1-year period, AIVC has performed better with a 103.05% return vs -41.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or AIBD?

AIVC is cheaper with a 0.59% expense ratio, compared with 1.05% for AIBD.

Which ETF pays a higher dividend yield, AIVC or AIBD?

AIBD has the higher dividend yield at 3.58%, compared with 0.11% for AIVC.

What is the main difference between AIVC and AIBD?

AIVC is categorized as Technology Equities, while AIBD is Inverse Equities. AIVC tracks Bloomberg AI Value Chain Index, while AIBD tracks Solactive US AI & Big Data Index. They also come from different issuers: Amplify and Direxion. Their fees differ too: 0.59% for AIVC and 1.05% for AIBD.

Which has better risk-adjusted returns?

AIVC currently has the higher Sharpe Ratio (3.09 vs -0.77), 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.