QULL vs. AIQ
QULL (ETRACS 2x Leveraged MSCI US Quality Factor TR ETN) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - QULL is a Quality Factor fund tracking the MSCI USA Sector Neutral Quality Index, while AIQ is a Artificial Intelligence fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, QULL returned 14.44%/yr vs 14.37%/yr for AIQ. Their correlation of 0.83 means they have usually moved in the same direction. QULL charges 0.95%/yr vs 0.68%/yr for AIQ.
Performance
QULL vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, QULL achieves a 18.31% return, which is significantly higher than AIQ's 15.79% return.
QULL
- 1D
- 0.63%
- 1M
- 0.26%
- 6M
- 14.62%
- YTD
- 18.31%
- 1Y
- 38.52%
- 3Y*
- 27.71%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 19.45%
AIQ
- 1D
- 0.34%
- 1M
- -4.79%
- 6M
- 13.32%
- YTD
- 15.79%
- 1Y
- 35.59%
- 3Y*
- 26.21%
- 5Y*
- 14.37%
- 10Y*
- —
- ALL TIME*
- 18.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.56M | $130.50M | $165.49M | |
| $1.11K | $1.49K | $2.54K |
QULL vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 18.31% | 17.61% | 38.03% | 57.07% | -42.00% | 51.36% |
AIQ Global X Artificial Intelligence & Technology ETF | 15.79% | 31.89% | 24.11% | 55.39% | -36.44% | 8.85% |
Correlation
The correlation between QULL and AIQ is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021 | 0.83 |
The correlation between QULL and AIQ shifts across timeframes, from 0.73 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QULL vs. AIQ — Risk / Return Rank
QULL
AIQ
QULL vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) 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.
| QULL | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.60 | +0.36 |
| Martin ratioReturn relative to average drawdown | 8.61 | 4.82 | +3.79 |
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Drawdowns
QULL vs. AIQ - Drawdown Comparison
The maximum QULL drawdown since its inception was -51.83%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for QULL and AIQ.
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Drawdown Indicators
| QULL | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -44.66% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -20.19% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -26.35% | -10.47% |
Max Drawdown (5Y)Largest decline over 5 years | -51.83% | -44.66% | -7.17% |
Current DrawdownCurrent decline from peak | -1.05% | -16.04% | +14.99% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -9.82% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 6.71% | -2.52% |
Volatility
QULL vs. AIQ - Volatility Comparison
The current volatility for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) is 5.60%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 10.41%. This indicates that QULL 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.
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Volatility by Period
| QULL | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 10.41% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.43% | 24.84% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.05% | 28.57% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.65% | 26.42% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.83% | 25.98% | +8.85% |
QULL vs. AIQ - Expense Ratio Comparison
QULL has a 0.95% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Dividends
QULL vs. AIQ - Dividend Comparison
QULL has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.08% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QULL and AIQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIQ has higher volatility (10.41%) compared to QULL (5.60%). In terms of maximum drawdown, QULL dropped -51.83% vs AIQ's -44.66%.
On 5-year performance, QULL leads with 14.44% vs 14.37% for AIQ. On fees, AIQ is cheaper at 0.68% per year. On volatility, QULL has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QULL has performed better with a 14.44% return vs 14.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIQ is cheaper with a 0.68% expense ratio, compared with 0.95% for QULL.
AIQ has the higher dividend yield at 0.08%, compared with 0.00% for QULL.
QULL is categorized as Quality Factor, while AIQ is Artificial Intelligence. QULL tracks MSCI USA Sector Neutral Quality Index, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. They also come from different issuers: UBS and Global X. Their fees differ too: 0.95% for QULL and 0.68% for AIQ.
QULL currently has the higher Sharpe Ratio (1.45 vs 1.13), 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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