ANEW vs. AIQ
Compare and contrast key facts about ProShares MSCI Transformational Changes ETF (ANEW) and Global X Artificial Intelligence & Technology ETF (AIQ).
ANEW and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANEW is a passively managed fund by ProShares that tracks the performance of the MSCI Global Transformational Changes Index. It was launched on Oct 14, 2020. 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. Both ANEW and AIQ 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: ANEW or AIQ.
Key characteristics
| ANEW | AIQ | |
|---|---|---|
| YTD Return | 3.54% | 2.53% |
| 1Y Return | 15.85% | 35.99% |
| 3Y Return (Ann) | -3.22% | 3.23% |
| Sharpe Ratio | 1.07 | 1.93 |
| Daily Std Dev | 13.68% | 18.03% |
| Max Drawdown | -39.87% | -44.66% |
| Current Drawdown | -16.30% | -6.58% |
Correlation
The correlation between ANEW and AIQ is 0.93, 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.
Performance
ANEW vs. AIQ - Performance Comparison
In the year-to-date period, ANEW achieves a 3.54% return, which is significantly higher than AIQ's 2.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ANEW vs. AIQ - Expense Ratio Comparison
ANEW has a 0.45% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
ANEW vs. AIQ - Risk-Adjusted Performance 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.
Dividends
ANEW vs. AIQ - Dividend Comparison
ANEW's dividend yield for the trailing twelve months is around 0.70%, more than AIQ's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 0.70% | 0.87% | 1.05% | 0.24% | 0.04% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.15% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
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. For additional features, visit the drawdowns tool.
Volatility
ANEW vs. AIQ - Volatility Comparison
The current volatility for ProShares MSCI Transformational Changes ETF (ANEW) is 4.49%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.82%. 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.