NXE vs. AIQ
Compare and contrast key facts about NexGen Energy Ltd. (NXE) and Global X Artificial Intelligence & Technology ETF (AIQ).
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: NXE or AIQ.
Correlation
The correlation between NXE and AIQ is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NXE vs. AIQ - Performance Comparison
Key characteristics
NXE:
-0.59
AIQ:
0.52
NXE:
-0.59
AIQ:
0.89
NXE:
0.93
AIQ:
1.12
NXE:
-0.64
AIQ:
0.53
NXE:
-1.24
AIQ:
1.92
NXE:
28.12%
AIQ:
7.24%
NXE:
58.78%
AIQ:
27.04%
NXE:
-82.98%
AIQ:
-44.66%
NXE:
-42.57%
AIQ:
-14.03%
Returns By Period
In the year-to-date period, NXE achieves a -22.73% return, which is significantly lower than AIQ's -4.84% return.
NXE
-22.73%
3.24%
-32.27%
-33.85%
29.77%
N/A
AIQ
-4.84%
-3.03%
-1.55%
14.40%
16.54%
N/A
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Risk-Adjusted Performance
NXE vs. AIQ — Risk-Adjusted Performance Rank
NXE
AIQ
NXE vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) 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
NXE vs. AIQ - Dividend Comparison
NXE has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.15%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.15% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
NXE vs. AIQ - Drawdown Comparison
The maximum NXE drawdown since its inception was -82.98%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for NXE and AIQ. For additional features, visit the drawdowns tool.
Volatility
NXE vs. AIQ - Volatility Comparison
NexGen Energy Ltd. (NXE) has a higher volatility of 21.35% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 17.71%. This indicates that NXE'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.