QULL vs. AIQ
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) and Global X Artificial Intelligence & Technology ETF (AIQ).
QULL and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QULL is a passively managed fund by UBS that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Feb 5, 2021. 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. Both QULL and AIQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QULL vs. AIQ - Performance Comparison
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QULL vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -6.95% | 17.61% | 38.03% | 57.07% | -42.00% | 51.36% |
AIQ Global X Artificial Intelligence & Technology ETF | -6.92% | 31.89% | 24.11% | 55.39% | -36.44% | 7.96% |
Returns By Period
The year-to-date returns for both investments are quite close, with QULL having a -6.95% return and AIQ slightly higher at -6.92%.
QULL
- 1D
- 1.22%
- 1M
- -11.66%
- YTD
- -6.95%
- 6M
- -4.90%
- 1Y
- 20.02%
- 3Y*
- 26.76%
- 5Y*
- 13.82%
- 10Y*
- —
AIQ
- 1D
- 1.44%
- 1M
- -5.43%
- YTD
- -6.92%
- 6M
- -5.03%
- 1Y
- 29.18%
- 3Y*
- 24.62%
- 5Y*
- 10.54%
- 10Y*
- —
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QULL vs. AIQ - Expense Ratio Comparison
QULL has a 0.95% expense ratio, which is higher than AIQ's 0.68% expense ratio.
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.
| QULL | AIQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 1.09 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.64 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.84 | -1.03 |
Martin ratioReturn relative to average drawdown | 3.82 | 6.13 | -2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QULL | AIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 1.09 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.42 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.64 | -0.20 |
Correlation
The correlation between QULL and AIQ is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
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 0.20%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.20% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
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 | -24.81% | -16.47% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -51.83% | -44.66% | -7.17% |
Current DrawdownCurrent decline from peak | -12.36% | -11.70% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -9.96% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 4.95% | +0.37% |
Volatility
QULL vs. AIQ - Volatility Comparison
ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) has a higher volatility of 11.33% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 8.98%. This indicates that QULL'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.
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Volatility by Period
| QULL | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.33% | 8.98% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 19.75% | 17.89% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.54% | 26.96% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.65% | 24.97% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.49% | 25.40% | +10.09% |