URND.L vs. AIQG.L

Last updated Jun 5, 2026

URND.L (Global X Uranium UCITS ETF USD Distributing) and AIQG.L (Global X Artificial Intelligence UCITS ETF USD Accumulating) are both exchange-traded funds - URND.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components, while AIQG.L is a Technology Equities fund tracking the Indxx Artificial Intelligence Index. Both are passively managed. Over the past year, URND.L returned 60.83% vs 63.72% for AIQG.L. A 0.52 correlation means they provide meaningful diversification when combined. URND.L charges 0.65%/yr vs 0.40%/yr for AIQG.L.

Performance

URND.L vs. AIQG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Uranium UCITS ETF USD Distributing (URND.L) and Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

URND.L is traded in USD, while AIQG.L is traded in GBP. To make them comparable, the AIQG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, URND.L achieves a 17.91% return, which is significantly lower than AIQG.L's 33.26% return.

URND.L

• 1D: -0.80%
• 1M: -11.34%
• YTD: 17.91%
• 6M: 7.56%
• 1Y: 60.83%
• 3Y*: 36.15%
• 5Y*: —
• 10Y*: —

AIQG.L

• 1D: -1.63%
• 1M: 13.57%
• YTD: 33.26%
• 6M: 32.65%
• 1Y: 63.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URND.L vs. AIQG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URND.L Global X Uranium UCITS ETF USD Distributing	17.91%	58.50%	14.50%
AIQG.L Global X Artificial Intelligence UCITS ETF USD Accumulating	33.26%	30.92%	11.70%

Correlation

The correlation between URND.L and AIQG.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024	0.52

The correlation between URND.L and AIQG.L has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

URND.L vs. AIQG.L - Sectors Allocation Comparison

Sectors	URND.L	AIQG.L
Energy	58.7%	-
Industrials	25.8%	5.5%
Utilities	9.4%	-
Basic Materials	4.9%	-
Technology	1.1%	75.7%
Communication Services	-	9.6%
Consumer Cyclical	-	8.5%
Consumer Defensive	-	-
Financial Services	-	0.4%
Healthcare	-	0.4%
Real Estate	-	-

Return for Risk

URND.L vs. AIQG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URND.L

URND.L Risk / Return Rank: 37
URND.L Sharpe Ratio Rank: 37
URND.L Sortino Ratio Rank: 38
URND.L Omega Ratio Rank: 35
URND.L Calmar Ratio Rank: 41
URND.L Martin Ratio Rank: 34

AIQG.L

AIQG.L Risk / Return Rank: 85
AIQG.L Sharpe Ratio Rank: 92
AIQG.L Sortino Ratio Rank: 90
AIQG.L Omega Ratio Rank: 87
AIQG.L Calmar Ratio Rank: 84
AIQG.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URND.L vs. AIQG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Distributing (URND.L) and Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L). 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.

	URND.L	AIQG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.97	-1.68
Sortino ratio: Return per unit of downside risk	1.91	3.90	-1.99
Omega ratio: Gain probability vs. loss probability	1.23	1.48	-0.25
Calmar ratio: Return relative to maximum drawdown	2.00	4.22	-2.22
Martin ratio: Return relative to average drawdown	4.91	14.13	-9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URND.L vs. AIQG.L - Sharpe Ratio Comparison

The current URND.L Sharpe Ratio is 1.29, which is lower than the AIQG.L Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of URND.L and AIQG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URND.L	AIQG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.97	-1.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.92	-1.21

Drawdowns

URND.L vs. AIQG.L - Drawdown Comparison

The maximum URND.L drawdown since its inception was -39.04%, which is greater than AIQG.L's maximum drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for URND.L and AIQG.L.

Drawdown Indicators

	URND.L	AIQG.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.04%	-28.48%	-10.56%
Max Drawdown (1Y) Largest decline over 1 year	-31.98%	-15.46%	-16.52%
Max Drawdown (3Y) Largest decline over 3 years	-39.04%	—	—
Current Drawdown Current decline from peak	-14.54%	-2.54%	-12.00%
Average Drawdown Average peak-to-trough decline	-11.14%	-4.02%	-7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.06%	4.62%	+8.44%

Volatility

URND.L vs. AIQG.L - Volatility Comparison

Global X Uranium UCITS ETF USD Distributing (URND.L) has a higher volatility of 14.95% compared to Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) at 8.17%. This indicates that URND.L's price experiences larger fluctuations and is considered to be riskier than AIQG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URND.L	AIQG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.95%	8.17%	+6.78%
Volatility (6M) Calculated over the trailing 6-month period	33.86%	16.95%	+16.91%
Volatility (1Y) Calculated over the trailing 1-year period	49.67%	22.00%	+27.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.41%	24.63%	+14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.41%	24.63%	+14.78%

URND.L vs. AIQG.L - Expense Ratio Comparison

URND.L has a 0.65% expense ratio, which is higher than AIQG.L's 0.40% expense ratio.

Dividends

URND.L vs. AIQG.L - Dividend Comparison

URND.L's dividend yield for the trailing twelve months is around 0.17%, while AIQG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
AIQG.L Global X Artificial Intelligence UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%
URND.L Global X Uranium UCITS ETF USD Distributing	0.17%	0.00%	1.19%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URND.L and AIQG.L in my portfolio?

URND.L and AIQG.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URND.L or AIQG.L?

On fees, AIQG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URND.L or AIQG.L?

AIQG.L is cheaper with a 0.40% expense ratio, compared with 0.65% for URND.L.

What is the main difference between URND.L and AIQG.L?

URND.L is categorized as Commodity Producers Equities, while AIQG.L is Technology Equities. URND.L tracks Solactive Global Uranium & Nuclear Components, while AIQG.L tracks Indxx Artificial Intelligence Index. Their fees differ too: 0.65% for URND.L and 0.40% for AIQG.L.