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 0.39, 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
Key characteristics
NXE:
-0.35
AIQ:
1.42
NXE:
-0.15
AIQ:
1.94
NXE:
0.98
AIQ:
1.26
NXE:
-0.50
AIQ:
2.00
NXE:
-0.95
AIQ:
7.43
NXE:
21.01%
AIQ:
3.76%
NXE:
56.60%
AIQ:
19.65%
NXE:
-82.98%
AIQ:
-44.66%
NXE:
-37.05%
AIQ:
-3.58%
Returns By Period
In the year-to-date period, NXE achieves a -15.30% return, which is significantly lower than AIQ's 6.73% return.
NXE
-15.30%
-25.37%
-12.66%
-19.45%
38.28%
N/A
AIQ
6.73%
1.48%
16.10%
24.89%
16.81%
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 0.13%.
| 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 | 0.13% | 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 22.51% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 5.88%. 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.