PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FDTX vs. AIQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FDTX vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.88%
11.28%
FDTX
AIQ

Returns By Period

In the year-to-date period, FDTX achieves a 23.89% return, which is significantly higher than AIQ's 22.63% return.


FDTX

YTD

23.89%

1M

4.55%

6M

8.88%

1Y

34.81%

5Y (annualized)

N/A

10Y (annualized)

N/A

AIQ

YTD

22.63%

1M

1.43%

6M

11.28%

1Y

29.87%

5Y (annualized)

17.90%

10Y (annualized)

N/A

Key characteristics


FDTXAIQ
Sharpe Ratio1.501.54
Sortino Ratio2.032.08
Omega Ratio1.271.28
Calmar Ratio2.002.08
Martin Ratio6.617.97
Ulcer Index5.13%3.64%
Daily Std Dev22.54%18.86%
Max Drawdown-18.61%-44.66%
Current Drawdown-1.18%-2.30%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FDTX vs. AIQ - Expense Ratio Comparison

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


AIQ
Global X Artificial Intelligence & Technology ETF
Expense ratio chart for AIQ: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for FDTX: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Correlation

-0.50.00.51.00.9

The correlation between FDTX 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.

Risk-Adjusted Performance

FDTX vs. AIQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.


Sharpe ratio
The chart of Sharpe ratio for FDTX, currently valued at 1.50, compared to the broader market0.002.004.001.501.54
The chart of Sortino ratio for FDTX, currently valued at 2.03, compared to the broader market-2.000.002.004.006.008.0010.0012.002.032.08
The chart of Omega ratio for FDTX, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.28
The chart of Calmar ratio for FDTX, currently valued at 2.00, compared to the broader market0.005.0010.0015.002.002.08
The chart of Martin ratio for FDTX, currently valued at 6.61, compared to the broader market0.0020.0040.0060.0080.00100.006.617.97
FDTX
AIQ

The current FDTX Sharpe Ratio is 1.50, which is comparable to the AIQ Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FDTX and AIQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovember
1.50
1.54
FDTX
AIQ

Dividends

FDTX vs. AIQ - Dividend Comparison

FDTX has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.16%.


TTM202320222021202020192018
FDTX
Fidelity Disruptive Technology ETF
0.00%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

FDTX vs. AIQ - Drawdown Comparison

The maximum FDTX drawdown since its inception was -18.61%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for FDTX and AIQ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.18%
-2.30%
FDTX
AIQ

Volatility

FDTX vs. AIQ - Volatility Comparison

Fidelity Disruptive Technology ETF (FDTX) has a higher volatility of 5.88% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 5.45%. This indicates that FDTX's price experiences larger fluctuations and is considered to be riskier than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.88%
5.45%
FDTX
AIQ