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.
Key characteristics
| NXE | AIQ | |
|---|---|---|
| YTD Return | 18.43% | 6.29% |
| 1Y Return | 121.66% | 41.81% |
| 3Y Return (Ann) | 26.80% | 5.37% |
| 5Y Return (Ann) | 38.31% | 14.89% |
| Sharpe Ratio | 2.50 | 2.28 |
| Daily Std Dev | 47.88% | 18.16% |
| Max Drawdown | -82.98% | -44.66% |
| Current Drawdown | -5.90% | -3.16% |
Correlation
The correlation between NXE and AIQ is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NXE vs. AIQ - Performance Comparison
In the year-to-date period, NXE achieves a 18.43% return, which is significantly higher than AIQ's 6.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.15% | 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 16.20% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 6.39%. 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.