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.
Correlation
The correlation between HAMGX and AIQ is 0.88, 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
HAMGX vs. AIQ - Performance Comparison
Key characteristics
HAMGX:
0.24
AIQ:
1.52
HAMGX:
0.45
AIQ:
2.06
HAMGX:
1.06
AIQ:
1.27
HAMGX:
0.07
AIQ:
2.12
HAMGX:
0.78
AIQ:
7.91
HAMGX:
5.62%
AIQ:
3.75%
HAMGX:
18.43%
AIQ:
19.50%
HAMGX:
-73.60%
AIQ:
-44.66%
HAMGX:
-58.49%
AIQ:
-1.26%
Returns By Period
In the year-to-date period, HAMGX achieves a -0.96% return, which is significantly lower than AIQ's 9.29% return.
HAMGX
-0.96%
0.00%
6.34%
6.52%
-9.61%
-4.76%
AIQ
9.29%
5.36%
20.62%
31.63%
17.38%
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.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HAMGX Harbor Disruptive Innovation Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.73% |
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% |
Drawdowns
HAMGX vs. AIQ - Drawdown Comparison
The maximum HAMGX drawdown since its inception was -73.60%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for HAMGX and AIQ. For additional features, visit the drawdowns tool.
Volatility
HAMGX vs. AIQ - Volatility Comparison
The current volatility for Harbor Disruptive Innovation Fund (HAMGX) is 0.00%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.42%. This indicates that HAMGX 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.