TGFTX vs. AIQ
Compare and contrast key facts about TCW Artificial Intelligence Equity Fund (TGFTX) and Global X Artificial Intelligence & Technology ETF (AIQ).
TGFTX is managed by TCW. It was launched on Aug 30, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGFTX or AIQ.
Key characteristics
| TGFTX | AIQ |
|---|
Correlation
The correlation between TGFTX and AIQ is 0.88, 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.
Performance
TGFTX vs. AIQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TGFTX vs. AIQ - Expense Ratio Comparison
TGFTX has a 0.90% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Risk-Adjusted Performance
TGFTX vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Artificial Intelligence Equity Fund (TGFTX) 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
TGFTX vs. AIQ - Dividend Comparison
TGFTX has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TGFTX TCW Artificial Intelligence Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% |
Drawdowns
TGFTX vs. AIQ - Drawdown Comparison
Volatility
TGFTX vs. AIQ - Volatility Comparison
The current volatility for TCW Artificial Intelligence Equity Fund (TGFTX) is 0.00%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.39%. This indicates that TGFTX 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.