PXQ vs. AIS
PXQ (Invesco Next Gen Connectivity ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while AIS is a Artificial Intelligence fund actively managed by VistaShares. PXQ is passively managed, while AIS is actively managed. Over the past year, PXQ returned 63.92% vs 119.85% for AIS. Their correlation of 0.88 means they have usually moved in the same direction. PXQ charges 0.40%/yr vs 0.75%/yr for AIS.
Performance
PXQ vs. AIS - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 40.12% return, which is significantly lower than AIS's 68.71% return.
PXQ
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
AIS
- 1D
- 0.47%
- 1M
- -14.16%
- 6M
- 49.61%
- YTD
- 68.71%
- 1Y
- 119.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 75.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.93M | $45.10M | $51.04M | |
| $741.37K | $822.66K | $837.91K |
PXQ vs. AIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 40.12% | 28.65% | -0.18% |
AIS VistaShares Artificial Intelligence Supercycle ETF | 68.71% | 58.35% | -4.74% |
Correlation
The correlation between PXQ and AIS is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024 | 0.88 |
The correlation between PXQ and AIS has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
PXQ vs. AIS — Risk / Return Rank
PXQ
AIS
PXQ vs. AIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.
| PXQ | AIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 3.35 | -0.04 |
| Martin ratioReturn relative to average drawdown | 13.33 | 13.91 | -0.58 |
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Drawdowns
PXQ vs. AIS - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than AIS's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for PXQ and AIS.
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Drawdown Indicators
| PXQ | AIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -34.44% | -22.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -34.44% | +15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -14.80% | -27.93% | +13.13% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -6.30% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 8.28% | -3.60% |
Volatility
PXQ vs. AIS - Volatility Comparison
The current volatility for Invesco Next Gen Connectivity ETF (PXQ) is 11.26%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 21.48%. This indicates that PXQ experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXQ | AIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 21.48% | -10.22% |
Volatility (6M)Calculated over the trailing 6-month period | 24.68% | 43.19% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.67% | 47.78% | -20.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 44.01% | -19.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.55% | 44.01% | -20.46% |
PXQ vs. AIS - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than AIS's 0.75% expense ratio.
Dividends
PXQ vs. AIS - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.68%, while AIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIS VistaShares Artificial Intelligence Supercycle ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXQ Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
With a correlation of 0.90, PXQ and AIS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AIS has higher volatility (21.48%) compared to PXQ (11.26%). In terms of maximum drawdown, PXQ dropped -57.18% vs AIS's -34.44%.
On 1-year performance, AIS leads with 119.85% vs 63.92% for PXQ. On fees, PXQ is cheaper at 0.40% per year. On volatility, PXQ has been the lower-risk option at 11.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIS has performed better with a 119.85% return vs 63.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 0.75% for AIS.
PXQ has the higher dividend yield at 0.68%, compared with 0.00% for AIS.
PXQ is categorized as Technology Equities, while AIS is Artificial Intelligence. They also come from different issuers: Invesco and VistaShares. Their fees differ too: 0.40% for PXQ and 0.75% for AIS.
AIS currently has the higher Sharpe Ratio (2.42 vs 2.27), 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.
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