IDAT vs. AIQ
Compare and contrast key facts about iShares Cloud 5G and Tech ETF (IDAT) and Global X Artificial Intelligence & Technology ETF (AIQ).
IDAT and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDAT is a passively managed fund by iShares that tracks the performance of the Morningstar Global Digital Infrastructure & Connectivity Index. It was launched on Jun 8, 2021. 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 IDAT 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: IDAT or AIQ.
Correlation
The correlation between IDAT 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
IDAT vs. AIQ - Performance Comparison
Key characteristics
IDAT:
1.23
AIQ:
1.52
IDAT:
1.69
AIQ:
2.06
IDAT:
1.22
AIQ:
1.27
IDAT:
1.77
AIQ:
2.12
IDAT:
5.45
AIQ:
7.91
IDAT:
4.92%
AIQ:
3.75%
IDAT:
21.74%
AIQ:
19.50%
IDAT:
-38.40%
AIQ:
-44.66%
IDAT:
-0.80%
AIQ:
-1.26%
Returns By Period
In the year-to-date period, IDAT achieves a 7.97% return, which is significantly lower than AIQ's 9.29% return.
IDAT
7.97%
0.61%
16.64%
28.92%
N/A
N/A
AIQ
9.29%
5.36%
20.62%
31.63%
17.38%
N/A
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IDAT vs. AIQ - Expense Ratio Comparison
IDAT has a 0.47% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
IDAT vs. AIQ — Risk-Adjusted Performance Rank
IDAT
AIQ
IDAT vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cloud 5G and Tech ETF (IDAT) 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
IDAT vs. AIQ - Dividend Comparison
IDAT's dividend yield for the trailing twelve months is around 0.66%, more than AIQ's 0.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
IDAT iShares Cloud 5G and Tech ETF | 0.66% | 0.72% | 0.68% | 0.85% | 0.46% | 0.00% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.13% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
IDAT vs. AIQ - Drawdown Comparison
The maximum IDAT drawdown since its inception was -38.40%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for IDAT and AIQ. For additional features, visit the drawdowns tool.
Volatility
IDAT vs. AIQ - Volatility Comparison
iShares Cloud 5G and Tech ETF (IDAT) has a higher volatility of 7.96% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 5.42%. This indicates that IDAT'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.