BFCAX vs. AIQ
Compare and contrast key facts about American Funds Corporate Bond Fund (BFCAX) and Global X Artificial Intelligence & Technology ETF (AIQ).
BFCAX is managed by American Funds. It was launched on Dec 14, 2012. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFCAX or AIQ.
Key characteristics
| BFCAX | AIQ | |
|---|---|---|
| YTD Return | 2.20% | 24.49% |
| 1Y Return | 10.09% | 37.54% |
| 3Y Return (Ann) | -2.70% | 5.73% |
| 5Y Return (Ann) | -0.15% | 18.66% |
| Sharpe Ratio | 1.60 | 1.98 |
| Sortino Ratio | 2.38 | 2.60 |
| Omega Ratio | 1.29 | 1.35 |
| Calmar Ratio | 0.50 | 2.51 |
| Martin Ratio | 6.26 | 10.34 |
| Ulcer Index | 1.61% | 3.62% |
| Daily Std Dev | 6.30% | 18.97% |
| Max Drawdown | -24.55% | -44.66% |
| Current Drawdown | -12.05% | -0.82% |
Correlation
The correlation between BFCAX and AIQ is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BFCAX vs. AIQ - Performance Comparison
In the year-to-date period, BFCAX achieves a 2.20% return, which is significantly lower than AIQ's 24.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BFCAX vs. AIQ - Expense Ratio Comparison
BFCAX has a 0.70% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
BFCAX vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Corporate Bond Fund (BFCAX) 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
BFCAX vs. AIQ - Dividend Comparison
BFCAX's dividend yield for the trailing twelve months is around 3.95%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BFCAX American Funds Corporate Bond Fund | 3.95% | 3.38% | 2.61% | 1.49% | 1.74% | 2.48% | 2.64% | 2.23% | 0.81% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% |
Drawdowns
BFCAX vs. AIQ - Drawdown Comparison
The maximum BFCAX drawdown since its inception was -24.55%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for BFCAX and AIQ. For additional features, visit the drawdowns tool.
Volatility
BFCAX vs. AIQ - Volatility Comparison
The current volatility for American Funds Corporate Bond Fund (BFCAX) is 2.03%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.42%. This indicates that BFCAX 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.