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:
0.78
AIQ:
1.54
VADDX:
1.04
AIQ:
2.07
VADDX:
1.16
AIQ:
1.27
VADDX:
0.62
AIQ:
2.14
VADDX:
2.54
AIQ:
7.98
VADDX:
4.12%
AIQ:
3.76%
VADDX:
13.48%
AIQ:
19.49%
VADDX:
-70.42%
AIQ:
-44.66%
VADDX:
-8.81%
AIQ:
0.00%
Returns By Period
In the year-to-date period, VADDX achieves a 4.12% return, which is significantly lower than AIQ's 5.62% return.
VADDX
4.12%
2.64%
2.64%
11.02%
4.75%
6.05%
AIQ
5.62%
2.18%
19.36%
28.12%
16.92%
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 1.60%, 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 | 1.60% | 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 | 0.13% | 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. 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 3.00%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 5.41%. 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.