RCD vs. AIQ
Compare and contrast key facts about Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) and Global X Artificial Intelligence & Technology ETF (AIQ).
RCD and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RCD is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Consumer Discretionary -SEC. It was launched on Nov 1, 2006. 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 RCD 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RCD or AIQ.
Performance
RCD vs. AIQ - Performance Comparison
Returns By Period
In the year-to-date period, RCD achieves a 13.87% return, which is significantly lower than AIQ's 21.15% return.
RCD
13.87%
1.38%
11.82%
27.73%
9.46%
7.43%
AIQ
21.15%
-0.11%
10.13%
29.23%
17.59%
N/A
Key characteristics
| RCD | AIQ | |
|---|---|---|
| Sharpe Ratio | 1.72 | 1.55 |
| Sortino Ratio | 2.39 | 2.10 |
| Omega Ratio | 1.30 | 1.28 |
| Calmar Ratio | 1.47 | 2.10 |
| Martin Ratio | 6.56 | 8.08 |
| Ulcer Index | 4.22% | 3.63% |
| Daily Std Dev | 16.07% | 18.89% |
| Max Drawdown | -69.25% | -44.66% |
| Current Drawdown | -0.67% | -3.48% |
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RCD vs. AIQ - Expense Ratio Comparison
RCD has a 0.40% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Correlation
The correlation between RCD and AIQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
RCD vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) 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.
Dividends
RCD vs. AIQ - Dividend Comparison
RCD's dividend yield for the trailing twelve months is around 0.85%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCD Invesco S&P 500® Equal Weight Consumer Discretionary ETF | 0.85% | 1.09% | 0.99% | 0.53% | 0.81% | 1.59% | 0.29% | 0.00% | 0.00% | 0.00% | 1.05% | 0.87% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RCD vs. AIQ - Drawdown Comparison
The maximum RCD drawdown since its inception was -69.25%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for RCD and AIQ. For additional features, visit the drawdowns tool.
Volatility
RCD vs. AIQ - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) is 3.94%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.48%. This indicates that RCD 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.