IBOT vs. AIQ
Compare and contrast key facts about VanEck Robotics ETF (IBOT) and Global X Artificial Intelligence & Technology ETF (AIQ).
IBOT and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBOT is a passively managed fund by VanEck that tracks the performance of the BlueStar® Robotics Index. It was launched on Apr 5, 2023. 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. Both IBOT and AIQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBOT or AIQ.
Performance
IBOT vs. AIQ - Performance Comparison
Returns By Period
In the year-to-date period, IBOT achieves a 9.29% return, which is significantly lower than AIQ's 24.23% return.
IBOT
9.29%
1.62%
-2.34%
20.69%
N/A
N/A
AIQ
24.23%
3.70%
12.61%
31.12%
17.91%
N/A
Key characteristics
| IBOT | AIQ | |
|---|---|---|
| Sharpe Ratio | 1.00 | 1.65 |
| Sortino Ratio | 1.45 | 2.20 |
| Omega Ratio | 1.18 | 1.29 |
| Calmar Ratio | 1.36 | 2.22 |
| Martin Ratio | 3.82 | 8.51 |
| Ulcer Index | 5.42% | 3.65% |
| Daily Std Dev | 20.65% | 18.86% |
| Max Drawdown | -19.16% | -44.66% |
| Current Drawdown | -7.72% | -1.02% |
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IBOT vs. AIQ - Expense Ratio Comparison
IBOT has a 0.47% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Correlation
The correlation between IBOT and AIQ is 0.86, 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
IBOT vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Robotics ETF (IBOT) 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
IBOT vs. AIQ - Dividend Comparison
IBOT's dividend yield for the trailing twelve months is around 1.88%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBOT VanEck Robotics ETF | 1.88% | 2.06% | 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
IBOT vs. AIQ - Drawdown Comparison
The maximum IBOT drawdown since its inception was -19.16%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for IBOT and AIQ. For additional features, visit the drawdowns tool.
Volatility
IBOT vs. AIQ - Volatility Comparison
VanEck Robotics ETF (IBOT) and Global X Artificial Intelligence & Technology ETF (AIQ) have volatilities of 5.01% and 5.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.