Correlation
The correlation between HAMGX and AIQ is 0.80, 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.
HAMGX vs. AIQ
Compare and contrast key facts about Harbor Disruptive Innovation Fund (HAMGX) and Global X Artificial Intelligence & Technology ETF (AIQ).
HAMGX is managed by Harbor. It was launched on Nov 1, 2000. 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: HAMGX or AIQ.
Performance
HAMGX vs. AIQ - Performance Comparison
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Key characteristics
Returns By Period
HAMGX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
AIQ
4.30%
9.30%
3.84%
20.73%
21.40%
16.01%
N/A
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HAMGX vs. AIQ - Expense Ratio Comparison
HAMGX has a 0.88% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
HAMGX vs. AIQ — Risk-Adjusted Performance Rank
HAMGX
AIQ
HAMGX vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Disruptive Innovation Fund (HAMGX) 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.
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Dividends
HAMGX vs. AIQ - Dividend Comparison
HAMGX has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.13%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAMGX Harbor Disruptive Innovation Fund | 100.00% | 0.00% | 0.00% | 0.00% | 73.12% | 14.50% | 23.00% | 21.30% | 11.79% | 0.00% | 12.99% | 18.86% |
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% | 0.00% | 0.00% |
Drawdowns
HAMGX vs. AIQ - Drawdown Comparison
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Volatility
HAMGX vs. AIQ - Volatility Comparison
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