AIAG.L vs. BATT.L

Last updated Jun 5, 2026

AIAG.L (L&G Artificial Intelligence UCITS ETF) and BATT.L (L&G Battery Value-Chain UCITS ETF) are both exchange-traded funds - AIAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while BATT.L is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 5 years, AIAG.L returned 19.24%/yr vs 17.44%/yr for BATT.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

AIAG.L vs. BATT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Artificial Intelligence UCITS ETF (AIAG.L) and L&G Battery Value-Chain UCITS ETF (BATT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIAG.L is traded in GBp, while BATT.L is traded in USD. To make them comparable, the BATT.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIAG.L achieves a 41.86% return, which is significantly higher than BATT.L's 35.68% return.

AIAG.L

• 1D: -0.50%
• 1M: 19.61%
• YTD: 41.86%
• 6M: 37.14%
• 1Y: 77.10%
• 3Y*: 34.00%
• 5Y*: 19.24%
• 10Y*: —

BATT.L

• 1D: -2.58%
• 1M: -2.52%
• YTD: 35.68%
• 6M: 37.21%
• 1Y: 128.63%
• 3Y*: 24.96%
• 5Y*: 17.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIAG.L vs. BATT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIAG.L L&G Artificial Intelligence UCITS ETF	41.86%	21.44%	20.57%	50.58%	-33.18%	11.07%	63.12%	-2.52%
BATT.L L&G Battery Value-Chain UCITS ETF	35.68%	59.22%	0.53%	3.36%	-3.98%	16.77%	76.00%	3.66%

Correlation

The correlation between AIAG.L and BATT.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 15, 2019	0.60

The correlation between AIAG.L and BATT.L has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.

AIAG.L vs. BATT.L - Sectors Allocation Comparison

Sectors	AIAG.L	BATT.L
Technology	71.5%	11.8%
Communication Services	10.3%	-
Consumer Cyclical	9.2%	15.0%
Healthcare	5.7%	-
Financial Services	1.3%	-
Industrials	1.1%	33.3%
Real Estate	0.9%	-
Basic Materials	-	36.9%
Consumer Defensive	-	-
Energy	-	-
Utilities	-	3.0%

Return for Risk

AIAG.L vs. BATT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIAG.L

AIAG.L Risk / Return Rank: 82
AIAG.L Sharpe Ratio Rank: 91
AIAG.L Sortino Ratio Rank: 84
AIAG.L Omega Ratio Rank: 82
AIAG.L Calmar Ratio Rank: 85
AIAG.L Martin Ratio Rank: 69

BATT.L

BATT.L Risk / Return Rank: 95
BATT.L Sharpe Ratio Rank: 96
BATT.L Sortino Ratio Rank: 93
BATT.L Omega Ratio Rank: 92
BATT.L Calmar Ratio Rank: 96
BATT.L Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIAG.L vs. BATT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAG.L) and L&G Battery Value-Chain UCITS ETF (BATT.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIAG.L	BATT.L	Difference
Sharpe ratio: Return per unit of total volatility	3.12	4.47	-1.36
Sortino ratio: Return per unit of downside risk	3.75	4.85	-1.09
Omega ratio: Gain probability vs. loss probability	1.49	1.65	-0.16
Calmar ratio: Return relative to maximum drawdown	4.65	10.03	-5.38
Martin ratio: Return relative to average drawdown	12.44	34.77	-22.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIAG.L vs. BATT.L - Sharpe Ratio Comparison

The current AIAG.L Sharpe Ratio is 3.12, which is lower than the BATT.L Sharpe Ratio of 4.47. The chart below compares the historical Sharpe Ratios of AIAG.L and BATT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIAG.L	BATT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	4.47	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.74	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.78	0.00

Drawdowns

AIAG.L vs. BATT.L - Drawdown Comparison

The maximum AIAG.L drawdown since its inception was -41.56%, which is greater than BATT.L's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for AIAG.L and BATT.L.

Drawdown Indicators

	AIAG.L	BATT.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.56%	-33.29%	-8.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.80%	-12.91%	-3.89%
Max Drawdown (3Y) Largest decline over 3 years	-30.73%	-33.29%	+2.56%
Max Drawdown (5Y) Largest decline over 5 years	-41.56%	-33.29%	-8.27%
Current Drawdown Current decline from peak	-2.07%	-4.31%	+2.24%
Average Drawdown Average peak-to-trough decline	-12.39%	-8.89%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	3.73%	+2.56%

Volatility

AIAG.L vs. BATT.L - Volatility Comparison

The current volatility for L&G Artificial Intelligence UCITS ETF (AIAG.L) is 9.70%, while L&G Battery Value-Chain UCITS ETF (BATT.L) has a volatility of 10.88%. This indicates that AIAG.L experiences smaller price fluctuations and is considered to be less risky than BATT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIAG.L	BATT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	10.88%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	18.98%	22.93%	-3.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	28.96%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.58%	23.60%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.56%	23.55%	+4.01%

AIAG.L vs. BATT.L - Expense Ratio Comparison

Both AIAG.L and BATT.L have an expense ratio of 0.49%.

Dividends

AIAG.L vs. BATT.L - Dividend Comparison

Neither AIAG.L nor BATT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIAG.L and BATT.L in my portfolio?

AIAG.L and BATT.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIAG.L or BATT.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIAG.L or BATT.L?

AIAG.L and BATT.L have the same expense ratio: 0.49% per year.

What is the main difference between AIAG.L and BATT.L?

AIAG.L is categorized as Technology Equities, while BATT.L is Alternative Energy Equities. AIAG.L tracks MSCI World/Information Tech NR USD, while BATT.L tracks Solactive Battery Value-Chain Index.