ANEW vs. AIQ

Last updated Jun 24, 2026

ANEW (ProShares MSCI Transformational Changes ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - ANEW is a Large Cap Growth Equities fund tracking the MSCI Global Transformational Changes Index, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, ANEW returned 2.56%/yr vs 16.16%/yr for AIQ. Their correlation of 0.90 suggests significant overlap in exposure. ANEW charges 0.45%/yr vs 0.68%/yr for AIQ.

Performance

ANEW vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Transformational Changes ETF (ANEW) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEW achieves a -0.60% return, which is significantly lower than AIQ's 24.56% return.

ANEW

• 1D: -0.80%
• 1M: -1.21%
• YTD: -0.60%
• 6M: -1.54%
• 1Y: 3.24%
• 3Y*: 12.26%
• 5Y*: 2.56%
• 10Y*: —

AIQ

• 1D: -5.57%
• 1M: 0.86%
• YTD: 24.56%
• 6M: 23.60%
• 1Y: 51.28%
• 3Y*: 32.41%
• 5Y*: 16.16%
• 10Y*: —

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

ANEW vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	-0.60%	12.01%	19.37%	22.81%	-29.62%	6.95%	5.40%
AIQ Global X Artificial Intelligence & Technology ETF	24.56%	31.89%	24.11%	55.39%	-36.44%	17.09%	10.71%

Correlation

The correlation between ANEW and AIQ is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020	0.90

The correlation between ANEW and AIQ has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

ANEW vs. AIQ - Sectors Allocation Comparison

Sectors	ANEW	AIQ
Technology	26.0%	77.4%
Healthcare	22.5%	0.4%
Communication Services	14.9%	11.0%
Consumer Cyclical	11.3%	7.2%
Basic Materials	10.9%	-
Industrials	6.1%	3.4%
Consumer Defensive	4.3%	-
Financial Services	3.8%	0.5%
Real Estate	0.2%	-
Energy	-	-
Utilities	-	-

Return for Risk

ANEW vs. AIQ — Risk / Return Rank

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

ANEW

ANEW Risk / Return Rank: 11
ANEW Sharpe Ratio Rank: 12
ANEW Sortino Ratio Rank: 11
ANEW Omega Ratio Rank: 11
ANEW Calmar Ratio Rank: 11
ANEW Martin Ratio Rank: 11

AIQ

AIQ Risk / Return Rank: 58
AIQ Sharpe Ratio Rank: 60
AIQ Sortino Ratio Rank: 52
AIQ Omega Ratio Rank: 56
AIQ Calmar Ratio Rank: 65
AIQ Martin Ratio Rank: 59

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.

ANEW vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

	ANEW	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.94	-1.71
Sortino ratio: Return per unit of downside risk	0.42	2.44	-2.02
Omega ratio: Gain probability vs. loss probability	1.05	1.34	-0.29
Calmar ratio: Return relative to maximum drawdown	0.20	3.13	-2.93
Martin ratio: Return relative to average drawdown	0.57	10.06	-9.49

ANEW vs. AIQ - Sharpe Ratio Comparison

The current ANEW Sharpe Ratio is 0.24, which is lower than the AIQ Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of ANEW and AIQ, 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

ANEW vs. AIQ - Drawdown Comparison

The maximum ANEW drawdown since its inception was -39.87%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for ANEW and AIQ.

Drawdown Indicators

	ANEW	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-44.66%	+4.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-16.47%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.26%	-26.35%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	-44.66%	+4.79%
Current Drawdown Current decline from peak	-5.45%	-9.68%	+4.23%
Average Drawdown Average peak-to-trough decline	-13.28%	-9.78%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	5.11%	+0.60%

Volatility

ANEW vs. AIQ - Volatility Comparison

The current volatility for ProShares MSCI Transformational Changes ETF (ANEW) is 4.75%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 15.10%. This indicates that ANEW experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEW	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	15.10%	-10.35%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	22.68%	-12.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	26.54%	-12.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	26.01%	-7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	25.84%	-7.04%

ANEW vs. AIQ - Expense Ratio Comparison

ANEW has a 0.45% expense ratio, which is lower than AIQ's 0.68% expense ratio.

Dividends

ANEW vs. AIQ - Dividend Comparison

ANEW's dividend yield for the trailing twelve months is around 0.63%, more than AIQ's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%
ANEW ProShares MSCI Transformational Changes ETF	0.63%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ANEW and AIQ in my portfolio?

ANEW and AIQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANEW or AIQ?

AIQ has higher volatility (15.10%) compared to ANEW (4.75%). In terms of maximum drawdown, ANEW dropped -39.87% vs AIQ's -44.66%.

Which ETF is better, ANEW or AIQ?

On 5-year performance, AIQ leads with 16.16% vs 2.56% for ANEW. On fees, ANEW is cheaper at 0.45% per year. On volatility, ANEW has been the lower-risk option at 4.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANEW or AIQ?

Over the 5-year period, AIQ has performed better with a 16.16% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ANEW or AIQ?

ANEW is cheaper with a 0.45% expense ratio, compared with 0.68% for AIQ.

Which ETF pays a higher dividend yield, ANEW or AIQ?

ANEW has the higher dividend yield at 0.63%, compared with 0.15% for AIQ.

What is the main difference between ANEW and AIQ?

ANEW is categorized as Large Cap Growth Equities, while AIQ is Technology Equities. ANEW tracks MSCI Global Transformational Changes Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.45% for ANEW and 0.68% for AIQ.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (1.94 vs 0.24), 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.