I’ve been spending an increasingly large amount of my time researching and exploring artificial intelligence, particularly with respect to the investing world. I stumbled upon something I didn’t know existed, which is an ETF that trades based on AI technology. Its credentials seem to be dazzling:
![](https://slopeofhope.com/wp-content/uploads/2023/05/analy-640x473.png)
1,000 research analysts working around the clock! Goodness me!
It goes on………..
![](https://slopeofhope.com/wp-content/uploads/2023/05/process-640x555.png)
Deep learning models! Underlying signals! Financial health scores! Macro scores! The fund (symbol AIEQ) must be absolutely making bank!
So let’s check it out…………..since inception:
![](https://slopeofhope.com/wp-content/uploads/2023/05/slopechart_AIEQ-640x343.jpg)
Hmm. Ummm. Well maybe it’s at least outperforming the market, right? Let’s take the most straightforward, blase, simple-minded investment in the world: the SPY.
Over the lifespan of this AI-driven fund, how has AIEQ (blue line) compared to the boring old S&P 500 ETF (shown in black):
![](https://slopeofhope.com/wp-content/uploads/2023/05/layeredAIEQ_SPY-640x327.jpg)
So there you have it. Although, let’s be fair – – if 1,000 research analysts did work around-the-clock to do stock picks, this is indeed the kind of performance one might expect.
I, for one, am not impressed.