AIVC vs. PXQ

Last updated Jun 3, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - AIVC tracks the Bloomberg AI Value Chain Index while PXQ tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, AIVC returned 17.28%/yr vs 21.50%/yr for PXQ. A 0.76 correlation means they provide meaningful diversification when combined. AIVC charges 0.59%/yr vs 0.40%/yr for PXQ.

Performance

AIVC vs. PXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Next Gen Connectivity ETF (PXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 81.87% return, which is significantly higher than PXQ's 64.46% return. Over the past 10 years, AIVC has underperformed PXQ with an annualized return of 17.28%, while PXQ has yielded a comparatively higher 21.50% annualized return.

AIVC

• 1D: 2.19%
• 1M: 34.83%
• YTD: 81.87%
• 6M: 82.02%
• 1Y: 159.88%
• 3Y*: 52.10%
• 5Y*: 21.08%
• 10Y*: 17.28%

PXQ

• 1D: 2.22%
• 1M: 27.63%
• YTD: 64.46%
• 6M: 64.45%
• 1Y: 102.54%
• 3Y*: 43.66%
• 5Y*: 22.20%
• 10Y*: 21.50%

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

AIVC vs. PXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVC Amplify Bloomberg AI Value Chain ETF	81.87%	39.94%	18.22%	39.28%	-38.91%	-7.23%	41.45%	27.78%	-18.62%	35.42%
PXQ Invesco Next Gen Connectivity ETF	64.46%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between AIVC and PXQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Mar 10, 2016	0.76

The correlation between AIVC and PXQ shifts across timeframes, from 0.76 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

AIVC vs. PXQ - Sectors Allocation Comparison

Sectors	AIVC	PXQ
Technology	91.2%	83.7%
Communication Services	4.6%	11.8%
Consumer Cyclical	4.2%	-
Financial Services	0.8%	0.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.9%
Real Estate	-	3.2%
Utilities	-	-

Return for Risk

AIVC vs. PXQ — Risk / Return Rank

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

AIVC

AIVC Risk / Return Rank: 96
AIVC Sharpe Ratio Rank: 98
AIVC Sortino Ratio Rank: 95
AIVC Omega Ratio Rank: 95
AIVC Calmar Ratio Rank: 97
AIVC Martin Ratio Rank: 96

PXQ

PXQ Risk / Return Rank: 97
PXQ Sharpe Ratio Rank: 97
PXQ Sortino Ratio Rank: 96
PXQ Omega Ratio Rank: 96
PXQ Calmar Ratio Rank: 97
PXQ Martin Ratio Rank: 97

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. PXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Next Gen Connectivity ETF (PXQ). 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.

	AIVC	PXQ	Difference
Sharpe ratio Return per unit of total volatility	5.42	4.85	+0.57
Sortino ratio Return per unit of downside risk	5.40	5.85	-0.45
Omega ratio Gain probability vs. loss probability	1.72	1.78	-0.06
Calmar ratio Return relative to maximum drawdown	11.47	10.32	+1.15
Martin ratio Return relative to average drawdown	38.92	45.42	-6.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVC vs. PXQ - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 5.42, which is comparable to the PXQ Sharpe Ratio of 4.85. The chart below compares the historical Sharpe Ratios of AIVC and PXQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIVC	PXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.42	4.85	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.96	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.94	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.58	+0.07

Drawdowns

AIVC vs. PXQ - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, roughly equal to the maximum PXQ drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for AIVC and PXQ.

Drawdown Indicators

	AIVC	PXQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-57.18%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-9.99%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	-21.40%	-11.15%
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	-34.55%	-19.03%
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	-34.55%	-21.56%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-16.44%	-10.74%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	2.27%	+1.89%

Volatility

AIVC vs. PXQ - Volatility Comparison

Amplify Bloomberg AI Value Chain ETF (AIVC) has a higher volatility of 10.73% compared to Invesco Next Gen Connectivity ETF (PXQ) at 9.05%. This indicates that AIVC's price experiences larger fluctuations and is considered to be riskier than PXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVC	PXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.73%	9.05%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	23.65%	17.13%	+6.52%
Volatility (1Y) Calculated over the trailing 1-year period	29.67%	21.27%	+8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.20%	23.19%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.93%	22.97%	+3.96%

AIVC vs. PXQ - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is higher than PXQ's 0.40% expense ratio.

Dividends

AIVC vs. PXQ - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.09%, less than PXQ's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVC Amplify Bloomberg AI Value Chain ETF	0.09%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%
PXQ Invesco Next Gen Connectivity ETF	0.57%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both AIVC and PXQ in my portfolio?

AIVC and PXQ have a correlation of 0.87, 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 PXQ?

AIVC has higher volatility (10.73%) compared to PXQ (9.05%). In terms of maximum drawdown, AIVC dropped -56.11% vs PXQ's -57.18%.

Which ETF is better, AIVC or PXQ?

On 10-year performance, PXQ leads with 21.50% vs 17.28% for AIVC. On fees, PXQ is cheaper at 0.40% per year. On volatility, PXQ has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or PXQ?

Over the 10-year period, PXQ has performed better with a 21.50% return vs 17.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or PXQ?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.59% for AIVC.

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

PXQ has the higher dividend yield at 0.57%, compared with 0.09% for AIVC.

What is the main difference between AIVC and PXQ?

AIVC tracks Bloomberg AI Value Chain Index, while PXQ tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for AIVC and 0.40% for PXQ.

Which has better risk-adjusted returns?

AIVC currently has the higher Sharpe Ratio (5.42 vs 4.85), 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.