VADDX vs. AIQ
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Global X Artificial Intelligence & Technology ETF (AIQ).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. 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: VADDX or AIQ.
Performance
VADDX vs. AIQ - Performance Comparison
Returns By Period
In the year-to-date period, VADDX achieves a 18.07% return, which is significantly lower than AIQ's 23.62% return.
VADDX
18.07%
2.58%
12.54%
27.62%
13.82%
11.05%
AIQ
23.62%
2.56%
12.84%
30.39%
18.07%
N/A
Key characteristics
| VADDX | AIQ | |
|---|---|---|
| Sharpe Ratio | 1.96 | 1.64 |
| Sortino Ratio | 2.81 | 2.20 |
| Omega Ratio | 1.40 | 1.29 |
| Calmar Ratio | 3.44 | 2.21 |
| Martin Ratio | 10.29 | 8.48 |
| Ulcer Index | 2.74% | 3.65% |
| Daily Std Dev | 14.40% | 18.86% |
| Max Drawdown | -70.42% | -44.66% |
| Current Drawdown | -0.46% | -1.51% |
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VADDX vs. AIQ - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Correlation
The correlation between VADDX and AIQ is 0.71, 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
VADDX vs. AIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) 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
VADDX vs. AIQ - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 1.44%, more than AIQ's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.44% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% | 1.27% |
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
VADDX vs. AIQ - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for VADDX and AIQ. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. AIQ - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.64%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.26%. This indicates that VADDX 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.