GLOBAL X FDS
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$33.30
- Net Assets:$0 Million
- NAV:$33.85
- Premium-1.62%
- Peer Rank:11 of 54
- Investment Rating:C+
- Performance:B+
- RiskC
We rate Global X Artif Intell & Technology at C+. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Sector - Tech/Communications strategy.
Total return ranks above peers over the last three years. The Global X Artif Intell & Technology has returned an annual rate of 15.24% since inception. More recently, the fund has generated a total return of 18.20% in the last five years, 6.97% in the last three years, and 47.18% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 97% of them. It has also outpaced 70% of its competitors on a three year basis and 96% of them over the last year for the period ending 2/29/2024. On a year to date basis, AIQ has returned 8.76%.
Downside risk has been above average. AIQ has a draw down risk of -39.72%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 24.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As AIQ is an exchange traded fund, it has no front end or back end load.
The Global X Artif Intell & Technology is managed by Nam To at Global X Management Company LLC. This fund is one of 69 Global X Management Company LLC exchange-traded funds launched since 2/5/2009 that we track.