PEGA vs. AIQ

Last updated Jun 24, 2026

PEGA (Pegasystems Inc.) is a stock, while AIQ (Global X Artificial Intelligence & Technology ETF) is Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Over the past 5 years, PEGA returned -15.45%/yr vs 16.16%/yr for AIQ. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

PEGA vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pegasystems Inc. (PEGA) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEGA achieves a -49.97% return, which is significantly lower than AIQ's 24.56% return.

PEGA

• 1D: 1.57%
• 1M: -13.13%
• YTD: -49.97%
• 6M: -52.30%
• 1Y: -40.12%
• 3Y*: 6.94%
• 5Y*: -15.45%
• 10Y*: 8.53%

AIQ

• 1D: -5.57%
• 1M: 0.86%
• YTD: 24.56%
• 6M: 23.60%
• 1Y: 51.28%
• 3Y*: 32.41%
• 5Y*: 16.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEGA vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PEGA Pegasystems Inc.	-49.97%	28.39%	91.01%	43.07%	-69.29%	-16.01%	67.51%	66.81%	-22.35%
AIQ Global X Artificial Intelligence & Technology ETF	24.56%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	39.94%	-14.05%

Correlation

The correlation between PEGA and AIQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.62

Over the past year, the correlation between PEGA and AIQ has dropped to 0.38 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

PEGA vs. AIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEGA

PEGA Risk / Return Rank: 11
PEGA Sharpe Ratio Rank: 9
PEGA Sortino Ratio Rank: 11
PEGA Omega Ratio Rank: 12
PEGA Calmar Ratio Rank: 15
PEGA Martin Ratio Rank: 7

AIQ

AIQ Risk / Return Rank: 58
AIQ Sharpe Ratio Rank: 60
AIQ Sortino Ratio Rank: 52
AIQ Omega Ratio Rank: 56
AIQ Calmar Ratio Rank: 65
AIQ Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEGA vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pegasystems Inc. (PEGA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PEGA	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	1.94	-2.76
Sortino ratio: Return per unit of downside risk	-1.10	2.44	-3.55
Omega ratio: Gain probability vs. loss probability	0.87	1.34	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.72	3.13	-3.85
Martin ratio: Return relative to average drawdown	-1.45	10.06	-11.51

PEGA vs. AIQ - Sharpe Ratio Comparison

The current PEGA Sharpe Ratio is -0.81, which is lower than the AIQ Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of PEGA and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEGA vs. AIQ - Drawdown Comparison

The maximum PEGA drawdown since its inception was -94.81%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for PEGA and AIQ.

Drawdown Indicators

	PEGA	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.81%	-44.66%	-50.15%
Max Drawdown (1Y) Largest decline over 1 year	-55.86%	-16.47%	-39.39%
Max Drawdown (3Y) Largest decline over 3 years	-55.86%	-26.35%	-29.51%
Max Drawdown (5Y) Largest decline over 5 years	-78.59%	-44.66%	-33.93%
Max Drawdown (10Y) Largest decline over 10 years	-79.21%	—	—
Current Drawdown Current decline from peak	-58.88%	-9.68%	-49.20%
Average Drawdown Average peak-to-trough decline	-44.87%	-9.78%	-35.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.67%	5.11%	+22.56%

Volatility

PEGA vs. AIQ - Volatility Comparison

The current volatility for Pegasystems Inc. (PEGA) is 13.48%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 15.10%. This indicates that PEGA experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEGA	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.48%	15.10%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	38.61%	22.68%	+15.93%
Volatility (1Y) Calculated over the trailing 1-year period	49.43%	26.54%	+22.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.61%	26.01%	+25.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.02%	25.84%	+18.18%

Dividends

PEGA vs. AIQ - Dividend Comparison

PEGA's dividend yield for the trailing twelve months is around 0.40%, more than AIQ's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%	0.00%	0.00%	0.00%
PEGA Pegasystems Inc.	0.40%	0.15%	0.10%	0.25%	0.35%	0.11%	0.09%	0.15%	0.25%	0.25%	0.33%	0.44%

Frequently Asked Questions

Can I hold both PEGA and AIQ in my portfolio?

PEGA and AIQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEGA or AIQ?

AIQ has higher volatility (15.10%) compared to PEGA (13.48%). In terms of maximum drawdown, PEGA dropped -94.81% vs AIQ's -44.66%.

Which has better risk-adjusted returns?

AIQ currently has the higher Sharpe Ratio (1.94 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.