PQUS vs. PQNT

Last updated Jul 4, 2026

PQUS (Pictet AI Enhanced US Equity ETF) and PQNT (Pictet AI Enhanced International Equity ETF) are both exchange-traded funds - PQUS is a Large Cap Blend Equities fund actively managed by Pictet, while PQNT is a International Equity fund actively managed by Pictet. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

PQUS vs. PQNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI Enhanced US Equity ETF (PQUS) and Pictet AI Enhanced International Equity ETF (PQNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PQUS

• 1D: -0.01%
• 1M: -1.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PQNT

• 1D: 1.15%
• 1M: 2.36%
• 6M: 7.52%
• YTD: 8.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PQUS vs. PQNT - Yearly Performance Comparison

	2026 (YTD)
PQUS Pictet AI Enhanced US Equity ETF	9.18%
PQNT Pictet AI Enhanced International Equity ETF	0.18%

Correlation

The correlation between PQUS and PQNT is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.80

Return for Risk

PQUS vs. PQNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) and Pictet AI Enhanced International Equity ETF (PQNT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PQUS vs. PQNT - Drawdown Comparison

The maximum PQUS drawdown since its inception was -7.19%, smaller than the maximum PQNT drawdown of -11.16%. Use the drawdown chart below to compare losses from any high point for PQUS and PQNT.

Drawdown Indicators

	PQUS	PQNT	Difference
Max Drawdown Largest peak-to-trough decline	-7.19%	-11.16%	+3.97%
Current Drawdown Current decline from peak	-1.71%	-0.31%	-1.40%
Average Drawdown Average peak-to-trough decline	-1.49%	-2.17%	+0.68%

Volatility

Volatility by Period

	PQUS	PQNT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	17.16%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	17.16%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	17.16%	-2.22%

PQUS vs. PQNT - Expense Ratio Comparison

Both PQUS and PQNT have an expense ratio of 0.30%.

Dividends

PQUS vs. PQNT - Dividend Comparison

PQUS has not paid dividends to shareholders, while PQNT's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025
PQNT Pictet AI Enhanced International Equity ETF	0.36%	0.39%
PQUS Pictet AI Enhanced US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQUS and PQNT in my portfolio?

PQUS and PQNT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQUS or PQNT?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PQUS or PQNT?

PQUS and PQNT have the same expense ratio: 0.30% per year.

Which ETF pays a higher dividend yield, PQUS or PQNT?

PQNT has the higher dividend yield at 0.36%, compared with 0.00% for PQUS.

What is the main difference between PQUS and PQNT?

PQUS is categorized as Large Cap Blend Equities, while PQNT is International Equity.