AIAG.L vs. GBPC.L
AIAG.L (L&G Artificial Intelligence UCITS ETF) and GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) are both exchange-traded funds - AIAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while GBPC.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, AIAG.L returned 19.24%/yr vs -0.17%/yr for GBPC.L. At a 0.13 correlation, their price movements are largely independent. AIAG.L charges 0.49%/yr vs 0.09%/yr for GBPC.L.
Performance
AIAG.L vs. GBPC.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIAG.L achieves a 41.86% return, which is significantly higher than GBPC.L's 0.12% 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*
- —
GBPC.L
- 1D
- 0.26%
- 1M
- 2.00%
- YTD
- 0.12%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- 6.29%
- 5Y*
- -0.17%
- 10Y*
- —
AIAG.L vs. GBPC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AIAG.L L&G Artificial Intelligence UCITS ETF | 41.86% | 21.44% | 20.57% | 50.58% | -33.18% | 11.07% | 2.27% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.12% | 6.83% | 2.78% | 8.45% | -17.18% | -2.43% | -0.23% |
Correlation
The correlation between AIAG.L and GBPC.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.13 |
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Return for Risk
AIAG.L vs. GBPC.L — Risk / Return Rank
AIAG.L
GBPC.L
AIAG.L vs. GBPC.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 ESG GBP Corporate Bond UCITS ETF (GBPC.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 | GBPC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.15 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 1.18 | +3.47 |
| Martin ratioReturn relative to average drawdown | 12.44 | 3.91 | +8.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIAG.L | GBPC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 0.78 | +2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.02 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | -0.10 | +0.88 |
Drawdowns
AIAG.L vs. GBPC.L - Drawdown Comparison
The maximum AIAG.L drawdown since its inception was -41.56%, which is greater than GBPC.L's maximum drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for AIAG.L and GBPC.L.
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Drawdown Indicators
| AIAG.L | GBPC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -28.18% | -13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -4.14% | -12.66% |
Max Drawdown (3Y)Largest decline over 3 years | -30.73% | -4.14% | -26.59% |
Max Drawdown (5Y)Largest decline over 5 years | -41.56% | -27.49% | -14.07% |
Current DrawdownCurrent decline from peak | -2.07% | -4.53% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -11.46% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 1.25% | +5.04% |
Volatility
AIAG.L vs. GBPC.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAG.L) has a higher volatility of 9.70% compared to L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) at 3.33%. This indicates that AIAG.L's price experiences larger fluctuations and is considered to be riskier than GBPC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIAG.L | GBPC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 3.33% | +6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | 5.09% | +13.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 6.23% | +18.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.58% | 8.19% | +18.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 8.15% | +19.41% |
AIAG.L vs. GBPC.L - Expense Ratio Comparison
AIAG.L has a 0.49% expense ratio, which is higher than GBPC.L's 0.09% expense ratio.
Dividends
AIAG.L vs. GBPC.L - Dividend Comparison
AIAG.L has not paid dividends to shareholders, while GBPC.L's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AIAG.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 5.14% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
Frequently Asked Questions
AIAG.L and GBPC.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBPC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBPC.L is cheaper with a 0.09% expense ratio, compared with 0.49% for AIAG.L.
AIAG.L is categorized as Technology Equities, while GBPC.L is European Corporate Bonds. AIAG.L tracks MSCI World/Information Tech NR USD, while GBPC.L tracks Markit iBoxx GBP NonGilts TR. Their fees differ too: 0.49% for AIAG.L and 0.09% for GBPC.L.
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