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.
Key characteristics
| VADDX | AIQ | |
|---|---|---|
| YTD Return | 11.82% | 12.61% |
| 1Y Return | 19.47% | 25.57% |
| 3Y Return (Ann) | 6.16% | 4.02% |
| 5Y Return (Ann) | 13.15% | 16.91% |
| Sharpe Ratio | 1.37 | 1.22 |
| Daily Std Dev | 15.24% | 19.29% |
| Max Drawdown | -70.42% | -44.66% |
| Current Drawdown | -0.46% | -5.29% |
Correlation
The correlation between VADDX and AIQ is 0.72, 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
In the year-to-date period, VADDX achieves a 11.82% return, which is significantly lower than AIQ's 12.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.34%, more than AIQ's 0.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 4.34% | 4.86% | 8.45% | 9.92% | 12.77% | 4.68% | 7.13% | 2.97% | 1.54% | 1.66% | 2.55% | 3.73% |
AIQ Global X Artificial Intelligence & Technology ETF | 0.18% | 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 3.12%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 6.05%. 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.