FDCF vs. AIQ
Compare and contrast key facts about Fidelity Disruptive Communications ETF (FDCF) and Global X Artificial Intelligence & Technology ETF (AIQ).
FDCF and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDCF is an actively managed fund by Fidelity. It was launched on Apr 16, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDCF or AIQ.
Key characteristics
| FDCF | AIQ | |
|---|---|---|
| YTD Return | 31.28% | 24.43% |
| 1Y Return | 45.10% | 33.82% |
| Sharpe Ratio | 2.54 | 1.98 |
| Sortino Ratio | 3.32 | 2.60 |
| Omega Ratio | 1.45 | 1.35 |
| Calmar Ratio | 3.42 | 2.68 |
| Martin Ratio | 12.82 | 10.34 |
| Ulcer Index | 3.72% | 3.63% |
| Daily Std Dev | 18.76% | 18.97% |
| Max Drawdown | -14.27% | -44.66% |
| Current Drawdown | -1.83% | -0.87% |
Correlation
The correlation between FDCF and AIQ is 0.90, 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
FDCF vs. AIQ - Performance Comparison
In the year-to-date period, FDCF achieves a 31.28% return, which is significantly higher than AIQ's 24.43% 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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FDCF vs. AIQ - Expense Ratio Comparison
FDCF has a 0.50% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
FDCF vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) 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
FDCF vs. AIQ - Dividend Comparison
FDCF's dividend yield for the trailing twelve months is around 0.07%, less than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
FDCF vs. AIQ - Drawdown Comparison
The maximum FDCF drawdown since its inception was -14.27%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for FDCF and AIQ. For additional features, visit the drawdowns tool.
Volatility
FDCF vs. AIQ - Volatility Comparison
The current volatility for Fidelity Disruptive Communications ETF (FDCF) is 4.16%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.06%. This indicates that FDCF 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.