Move Over, ChatGPT. AI-Powered ETF Outperforms This Year (3 min read)
The AI Powered Equity ETF (AIEQ), which uses IBM's Watson supercomputer to pick its portfolio, has outperformed the Vanguard Total Stock Market ETF (VTI) this year. AIEQ is up 13.5% YTD compared to VTI's 6.7%. AIEQ is a concentrated bet on the US stock market, with only 114 securities in its portfolio. In addition to standard market data, AIEQ also uses unstructured data such as tweets and earnings calls. Over the long term, AIEQ has underperformed VTI, but it has improved this year due to its machine learning capabilities, which continue to evolve.