Correlation
The correlation between VADDX and AIQ is 0.90, 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.
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
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Key characteristics
VADDX:
0.13
AIQ:
0.77
VADDX:
0.25
AIQ:
1.03
VADDX:
1.04
AIQ:
1.14
VADDX:
0.07
AIQ:
0.64
VADDX:
0.20
AIQ:
2.17
VADDX:
8.68%
AIQ:
7.73%
VADDX:
18.81%
AIQ:
27.31%
VADDX:
-70.42%
AIQ:
-44.66%
VADDX:
-11.34%
AIQ:
-5.78%
Returns By Period
In the year-to-date period, VADDX achieves a 1.22% return, which is significantly lower than AIQ's 4.30% return.
VADDX
1.22%
4.46%
-11.34%
1.13%
1.77%
7.08%
5.39%
AIQ
4.30%
8.42%
3.84%
20.98%
21.40%
16.01%
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.
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Dividends
VADDX vs. AIQ - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 8.77%, more than AIQ's 0.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 8.77% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 1.54% | 2.98% | 2.55% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.13% | 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.
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Volatility
VADDX vs. AIQ - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 4.98%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 6.03%. 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.
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