AIVC vs. AIBD
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 Artificial Intelligence fund tracking the Solactive US AI & Big Data Index. Both are passively managed. Over the past year, AIVC returned 96.84% vs -41.24% for AIBD. Their -0.78 correlation means they have often moved in opposite directions in the past. AIVC charges 0.59%/yr vs 1.05%/yr for AIBD.
Performance
AIVC vs. AIBD - Performance Comparison
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Returns By Period
In the year-to-date period, AIVC achieves a 56.92% return, which is significantly higher than AIBD's -31.49% return.
AIVC
- 1D
- 3.37%
- 1M
- 0.06%
- 6M
- 47.24%
- YTD
- 56.92%
- 1Y
- 96.84%
- 3Y*
- 42.42%
- 5Y*
- 15.82%
- 10Y*
- 15.10%
- ALL TIME*
- 15.34%
AIBD
- 1D
- -6.61%
- 1M
- -5.41%
- 6M
- -32.88%
- YTD
- -31.49%
- 1Y
- -41.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -48.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $519.95K | $453.46K | $480.15K | |
| $721.94K | $1.14M | $2.79M |
AIVC vs. AIBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 56.92% | 39.94% | 6.87% |
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -31.49% | -49.15% | -34.56% |
Correlation
The correlation between AIVC and AIBD is -0.79, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.79 |
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 -0.79 to -0.78 - a consistent structural relationship.
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Return for Risk
AIVC vs. AIBD — Risk / Return Rank
AIVC
AIBD
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 ratioReturn per unit of total volatility | +3.50 | ||
| Sortino ratioReturn per unit of downside risk | +4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.90 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.70 | +4.89 |
| Martin ratioReturn relative to average drawdown | 14.70 | -1.38 | +16.08 |
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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.
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Drawdown Indicators
| AIVC | AIBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -82.11% | +26.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -58.75% | +35.46% |
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 DrawdownCurrent decline from peak | -13.72% | -79.15% | +65.43% |
Average DrawdownAverage peak-to-trough decline | -16.35% | -50.32% | +33.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 29.92% | -23.31% |
Volatility
AIVC vs. AIBD - Volatility Comparison
The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 13.60%, while Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a volatility of 19.15%. 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.
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Volatility by Period
| AIVC | AIBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.60% | 19.15% | -5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 29.91% | 44.02% | -14.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 56.47% | -21.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 57.51% | -26.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.52% | 57.51% | -29.99% |
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 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.68% | 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
AIVC and AIBD have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (19.15%) compared to AIVC (13.60%). In terms of maximum drawdown, AIVC dropped -56.11% vs AIBD's -82.11%.
On 1-year performance, AIVC leads with 96.84% vs -41.24% for AIBD. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 13.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIVC has performed better with a 96.84% return vs -41.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIVC is cheaper with a 0.59% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 3.68%, compared with 0.11% for AIVC.
AIVC is categorized as Technology Equities, while AIBD is Artificial Intelligence. 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.
AIVC currently has the higher Sharpe Ratio (2.77 vs -0.73), 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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