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.
Correlation
The correlation between BFCAX and AIQ is 0.08, 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
Key characteristics
BFCAX:
0.88
AIQ:
1.42
BFCAX:
1.30
AIQ:
1.94
BFCAX:
1.15
AIQ:
1.26
BFCAX:
0.29
AIQ:
2.00
BFCAX:
2.35
AIQ:
7.43
BFCAX:
2.13%
AIQ:
3.76%
BFCAX:
5.70%
AIQ:
19.65%
BFCAX:
-24.55%
AIQ:
-44.66%
BFCAX:
-11.51%
AIQ:
-3.58%
Returns By Period
In the year-to-date period, BFCAX achieves a 1.12% return, which is significantly lower than AIQ's 6.73% return.
BFCAX
1.12%
1.66%
-0.98%
4.67%
-0.65%
N/A
AIQ
6.73%
1.05%
16.10%
24.89%
17.68%
N/A
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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 Rank
BFCAX
AIQ
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 4.03%, more than AIQ's 0.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFCAX American Funds Corporate Bond Fund | 4.03% | 4.04% | 3.38% | 2.61% | 1.49% | 1.74% | 2.48% | 2.64% | 2.23% | 0.81% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.13% | 0.14% | 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 1.55%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.88%. 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.