Amplify AI Powered Equity ETF (AIEQ)
ARCA ARCA Primary Summary
AIEQ Chart
AIEQ: Sophisticated AI-Driven Strategy That Underperforms
Amplify AI Powered Equity ETF tracks the AI Powered Equity Index, which selects constituents using the model that runs on the IBM Watson platform. Despite having a strategy powered by AI, AIEQ has not demonstrated consistent outperformance versus IVV and QQQ. It has trailed the former by close to 12% since January 2024. I remain neutral on AIEQ owing to its clearly disappointing performance, gargantuan turnover of 804%, and high expense ratio of 75 bps.
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AIEQ: The Human Vs. AI Stock-Picking Test
The Amplify AI-Powered Equity ETF leverages IBM Watson and EquBot AI to pick stocks, aiming for faster, data-driven decisions than human managers. AIEQ has underperformed the S&P 500 since 2021, struggling in markets dominated by a few mega-cap tech stocks and rapid regime changes. The ETF's high turnover and management fees, plus reliance on historical data, limit its ability to consistently outperform broad passive indexes.
Amplify AI Powered Equity ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CCW Cassaday & Co. Wealth Management LLC Cassaday & Co. Wealth Management LLC | 3 | $130 | $149.47 | $19.47 | 14.98% |
 Christopher C. Powers Farther Finance Advisors, LLC | 512 | $20,562.23 | $25,509.17 | $4,946.94 | 24.06% |
 Kevin Bresler TD Waterhouse Canada Inc. | 1,645 | $71,000.32 | $80,874.78 | $9,874.46 | 13.91% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 250 | $9,384 | $12,455.65 | $3,071.65 | 32.73% |
Amplify AI Powered Equity ETF (AIEQ) FAQ
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Amplify AI Powered Equity ETF Profile
| ARCA Exchange | US Country |
Overview
The fund described operates with an investment strategy that involves a passive or indexing approach, aimed at mirroring the performance objectives of a specific financial index. This particular fund is focused on equity securities that are part of the iShares Core S&P Total U.S. Stock Market ETF. The fund's distinctive strategy derives from leveraging a proprietary, quantitative model developed by EquBot Inc., a company that specializes in employing artificial intelligence (AI) for investment analysis. This model operates on the IBM Watson™ platform, marking a significant integration of AI technology into the financial investment sector. EquBot's role as the index provider places it at the forefront of technological innovation in the field of investment management, indicating a shift towards more data-driven and algorithm-based decision-making processes in the industry.
Products and Services
- Passive Indexing Investment Fund
This product is designed for investors seeking to invest in a broad representation of the U.S. equity market. It follows a passive investment strategy that aims to replicate the performance of the iShares Core S&P Total U.S. Stock Market ETF. This approach is suited for investors who prefer a more hands-off investment technique, relying on the overall performance of the market, as opposed to active management.
- AI-powered Equity Analysis
Offered as part of its unique value proposition, the proprietary quantitative model developed by EquBot showcases the company's focus on leveraging artificial intelligence for stock market analysis. This service utilizes the IBM Watson™ AI platform to analyze vast amounts of data, offering insights and predictive analytics that aid in investment decision-making. It represents a cutting-edge application of AI technology in the financial sector, aimed at enhancing investment strategies through superior data analysis capabilities.
