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 | 5.43% | 24.49% |
| 1Y Return | 19.81% | 39.81% |
| 3Y Return (Ann) | 4.66% | 5.91% |
| 5Y Return (Ann) | 41.17% | 18.70% |
| Sharpe Ratio | 0.54 | 2.03 |
| Sortino Ratio | 1.08 | 2.66 |
| Omega Ratio | 1.14 | 1.36 |
| Calmar Ratio | 0.72 | 2.37 |
| Martin Ratio | 1.56 | 10.67 |
| Ulcer Index | 18.36% | 3.62% |
| Daily Std Dev | 52.89% | 19.04% |
| Max Drawdown | -82.98% | -44.66% |
| Current Drawdown | -16.23% | -0.82% |
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 5.43% return, which is significantly lower than AIQ's 24.49% 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 0.16%.
| 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 | 0.16% | 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 14.02% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 5.39%. 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.