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.
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.
Performance
VADDX vs. AIQ - Performance Comparison
Key characteristics
VADDX:
-0.18
AIQ:
0.13
VADDX:
-0.13
AIQ:
0.37
VADDX:
0.98
AIQ:
1.05
VADDX:
-0.14
AIQ:
0.13
VADDX:
-0.45
AIQ:
0.52
VADDX:
7.40%
AIQ:
6.78%
VADDX:
18.03%
AIQ:
26.62%
VADDX:
-70.42%
AIQ:
-44.66%
VADDX:
-18.31%
AIQ:
-20.74%
Returns By Period
In the year-to-date period, VADDX achieves a -6.73% return, which is significantly higher than AIQ's -12.27% return.
VADDX
-6.73%
-6.79%
-15.73%
-3.05%
7.07%
4.55%
AIQ
-12.27%
-11.14%
-10.22%
5.27%
14.67%
N/A
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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.
Risk-Adjusted Performance
VADDX vs. AIQ — Risk-Adjusted Performance Rank
VADDX
AIQ
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 1.78%, more than AIQ's 0.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.78% | 1.66% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.16% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 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 12.28%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 16.86%. 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.