EBIZ vs. AIQ

Last updated Jun 4, 2026

EBIZ (Global X E-commerce ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - EBIZ is a Consumer Discretionary Equities fund tracking the Solactive E-commerce 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, EBIZ returned -3.65%/yr vs 19.07%/yr for AIQ. A 0.79 correlation means they provide meaningful diversification when combined. EBIZ charges 0.50%/yr vs 0.68%/yr for AIQ.

Performance

EBIZ vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X E-commerce ETF (EBIZ) 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, EBIZ achieves a -15.29% return, which is significantly lower than AIQ's 35.98% return.

EBIZ

• 1D: -2.05%
• 1M: -2.71%
• YTD: -15.29%
• 6M: -15.50%
• 1Y: -8.74%
• 3Y*: 17.16%
• 5Y*: -3.65%
• 10Y*: —

AIQ

• 1D: -1.40%
• 1M: 21.10%
• YTD: 35.98%
• 6M: 36.15%
• 1Y: 69.19%
• 3Y*: 37.50%
• 5Y*: 19.07%
• 10Y*: —

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

EBIZ vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EBIZ Global X E-commerce ETF	-15.29%	17.74%	31.26%	30.88%	-40.96%	-13.26%	74.39%	32.76%	-11.01%
AIQ Global X Artificial Intelligence & Technology ETF	35.98%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-8.97%

Correlation

The correlation between EBIZ and AIQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018	0.79

The correlation between EBIZ and AIQ shifts across timeframes, from 0.66 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

EBIZ vs. AIQ - Sectors Allocation Comparison

Sectors	EBIZ	AIQ
Consumer Cyclical	75.6%	8.5%
Technology	13.2%	73.3%
Industrials	4.6%	4.2%
Real Estate	2.6%	-
Healthcare	2.1%	0.4%
Communication Services	1.6%	13.2%
Financial Services	0.3%	0.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

EBIZ vs. AIQ — Risk / Return Rank

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

EBIZ

EBIZ Risk / Return Rank: 5
EBIZ Sharpe Ratio Rank: 5
EBIZ Sortino Ratio Rank: 5
EBIZ Omega Ratio Rank: 5
EBIZ Calmar Ratio Rank: 6
EBIZ Martin Ratio Rank: 6

AIQ

AIQ Risk / Return Rank: 81
AIQ Sharpe Ratio Rank: 88
AIQ Sortino Ratio Rank: 81
AIQ Omega Ratio Rank: 80
AIQ Calmar Ratio Rank: 80
AIQ Martin Ratio Rank: 75

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.

EBIZ vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) 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.

	EBIZ	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	3.02	-3.46
Sortino ratio: Return per unit of downside risk	-0.49	3.70	-4.20
Omega ratio: Gain probability vs. loss probability	0.94	1.49	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.32	4.22	-4.54
Martin ratio: Return relative to average drawdown	-0.65	14.59	-15.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIZ vs. AIQ - Sharpe Ratio Comparison

The current EBIZ Sharpe Ratio is -0.44, which is lower than the AIQ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of EBIZ 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.

Sharpe Ratios by Period

	EBIZ	AIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	3.02	-3.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.76	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.84	-0.55

Drawdowns

EBIZ vs. AIQ - Drawdown Comparison

The maximum EBIZ drawdown since its inception was -61.58%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for EBIZ and AIQ.

Drawdown Indicators

	EBIZ	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.58%	-44.66%	-16.92%
Max Drawdown (1Y) Largest decline over 1 year	-27.73%	-16.47%	-11.26%
Max Drawdown (3Y) Largest decline over 3 years	-27.73%	-26.35%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-58.21%	-44.66%	-13.55%
Current Drawdown Current decline from peak	-25.77%	-1.40%	-24.37%
Average Drawdown Average peak-to-trough decline	-24.33%	-9.80%	-14.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	4.76%	+8.65%

Volatility

EBIZ vs. AIQ - Volatility Comparison

The current volatility for Global X E-commerce ETF (EBIZ) is 5.39%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 8.60%. This indicates that EBIZ 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

	EBIZ	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	8.60%	-3.21%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	18.46%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	23.04%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.90%	25.33%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	25.50%	+3.18%

EBIZ vs. AIQ - Expense Ratio Comparison

EBIZ has a 0.50% expense ratio, which is lower than AIQ's 0.68% expense ratio.

Dividends

EBIZ vs. AIQ - Dividend Comparison

EBIZ's dividend yield for the trailing twelve months is around 0.60%, more than AIQ's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIQ Global X Artificial Intelligence & Technology ETF	0.14%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%
EBIZ Global X E-commerce ETF	0.60%	0.51%	0.23%	0.00%	0.10%	0.57%	0.84%	0.18%	0.00%

Frequently Asked Questions

Can I hold both EBIZ and AIQ in my portfolio?

EBIZ and AIQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIZ or AIQ?

AIQ has higher volatility (8.60%) compared to EBIZ (5.39%). In terms of maximum drawdown, EBIZ dropped -61.58% vs AIQ's -44.66%.

Which ETF is better, EBIZ or AIQ?

On 5-year performance, AIQ leads with 19.07% vs -3.65% for EBIZ. On fees, EBIZ is cheaper at 0.50% per year. On volatility, EBIZ has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIZ or AIQ?

Over the 5-year period, AIQ has performed better with a 19.07% return vs -3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIZ or AIQ?

EBIZ is cheaper with a 0.50% expense ratio, compared with 0.68% for AIQ.

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

EBIZ has the higher dividend yield at 0.60%, compared with 0.14% for AIQ.

What is the main difference between EBIZ and AIQ?

EBIZ is categorized as Consumer Discretionary Equities, while AIQ is Technology Equities. EBIZ tracks Solactive E-commerce Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. Their fees differ too: 0.50% for EBIZ and 0.68% for AIQ.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (3.02 vs -0.44), 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.