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ETFs

Global X Funds Global X Artificial Intelligence & Technology ETF

AIQ
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 11 2018
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$745,461
AUM
$127,767,947
Associated Index
Indxx Artificial Intelligence & Big Data Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
4.09%
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NVIDIA Corp
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Tesla Inc
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CRM
Salesforce Inc
3.45%
MSFT
Microsoft Corporation
3.29%
AAPL
Apple Inc
3.23%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.04%
CSCO
Cisco Systems, Inc.
3.01%
AMZN
Amazon.com Inc.
2.91%
ADBE
Adobe Inc
2.91%
Invest with AIQ

What is AIQ?

The Global X Future Analytics Tech ETF (AIQ) seeks to invest in companies that potentially stand to benefit from the further development and utilization of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the further development and utilization of artificial intelligence technology in their products and services, as well as to companies that provide hardware which facilitates the use of artificial intelligence for the analysis of big data (collectively, Artificial Intelligence & Big Data Companies ), as defined by Indxx, the provider of the Underlying Index.

ETFs related toAIQ

ETFs correlated to AIQ include XNTK, IRBO, FBCG

AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
GBUY
Goldman Sachs ETF Trust - Goldman Sachs Future Consumer Equity ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

AIQ is a Global Equities ETF. The Global X Future Analytics Tech ETF (AIQ) seeks to invest in companies that potentially stand to benefit from the further development and utilization of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the further development and utilization of artificial intelligence technology in their products and services, as well as to companies that provide hardware which facilitates the use of artificial intelligence for the analysis of big data (collectively, Artificial Intelligence & Big Data Companies ), as defined by Indxx, the provider of the Underlying Index.

AIQ tracks the Indxx Artificial Intelligence & Big Data Index.

No, AIQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AIQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AIQ is 0.0222%. This is the percent change in the value of AIQ over the most recent 1-month period. The 3-month return on AIQ is 0.1466%. This is the percent change in the value of AIQ over the most recent 3-month period.

The standard deviation of AIQ for the past year is 0.3244%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AIQ include ARKK, TAN, and EFG.

ETFs correlated to AIQ include XNTK, IRBO, and FBCG.

ETFs that are inversely correlated to AIQ include BERZ, HIBS, and QID.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.