TECB vs. AIQ
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Global X Artificial Intelligence & Technology ETF (AIQ).
TECB and AIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. 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 TECB 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: TECB or AIQ.
Performance
TECB vs. AIQ - Performance Comparison
Returns By Period
In the year-to-date period, TECB achieves a 24.66% return, which is significantly higher than AIQ's 21.15% return.
TECB
24.66%
2.46%
10.77%
36.80%
N/A
N/A
AIQ
21.15%
-0.11%
10.13%
29.23%
17.59%
N/A
Key characteristics
| TECB | AIQ | |
|---|---|---|
| Sharpe Ratio | 2.17 | 1.55 |
| Sortino Ratio | 2.84 | 2.10 |
| Omega Ratio | 1.39 | 1.28 |
| Calmar Ratio | 3.03 | 2.10 |
| Martin Ratio | 11.95 | 8.08 |
| Ulcer Index | 3.11% | 3.63% |
| Daily Std Dev | 17.12% | 18.89% |
| Max Drawdown | -41.62% | -44.66% |
| Current Drawdown | -3.23% | -3.48% |
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TECB vs. AIQ - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Correlation
The correlation between TECB and AIQ is 0.94, 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.
Risk-Adjusted Performance
TECB vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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
TECB vs. AIQ - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
Drawdowns
TECB vs. AIQ - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for TECB and AIQ. For additional features, visit the drawdowns tool.
Volatility
TECB vs. AIQ - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Global X Artificial Intelligence & Technology ETF (AIQ) have volatilities of 5.35% and 5.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.