AIAG.L vs. HEAW.L
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAG.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.L).
AIAG.L and HEAW.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIAG.L is a passively managed fund by Legal & General that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jun 26, 2019. HEAW.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Apr 29, 2016. Both AIAG.L and HEAW.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIAG.L or HEAW.L.
Correlation
The correlation between AIAG.L and HEAW.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AIAG.L vs. HEAW.L - Performance Comparison
Key characteristics
AIAG.L:
0.56
HEAW.L:
0.30
AIAG.L:
1.07
HEAW.L:
0.49
AIAG.L:
1.20
HEAW.L:
1.06
AIAG.L:
0.75
HEAW.L:
0.28
AIAG.L:
1.16
HEAW.L:
0.91
AIAG.L:
18.45%
HEAW.L:
3.33%
AIAG.L:
38.03%
HEAW.L:
10.06%
AIAG.L:
-41.56%
HEAW.L:
-11.85%
AIAG.L:
-10.54%
HEAW.L:
-10.63%
Returns By Period
In the year-to-date period, AIAG.L achieves a 20.26% return, which is significantly higher than HEAW.L's 1.88% return.
AIAG.L
20.26%
4.47%
12.24%
20.49%
16.65%
N/A
HEAW.L
1.88%
-1.94%
-5.77%
3.07%
N/A
N/A
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AIAG.L vs. HEAW.L - Expense Ratio Comparison
AIAG.L has a 0.49% expense ratio, which is higher than HEAW.L's 0.30% expense ratio.
Risk-Adjusted Performance
AIAG.L vs. HEAW.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAG.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.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.
Dividends
AIAG.L vs. HEAW.L - Dividend Comparison
Neither AIAG.L nor HEAW.L has paid dividends to shareholders.
Drawdowns
AIAG.L vs. HEAW.L - Drawdown Comparison
The maximum AIAG.L drawdown since its inception was -41.56%, which is greater than HEAW.L's maximum drawdown of -11.85%. Use the drawdown chart below to compare losses from any high point for AIAG.L and HEAW.L. For additional features, visit the drawdowns tool.
Volatility
AIAG.L vs. HEAW.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAG.L) has a higher volatility of 7.00% compared to SPDR MSCI World Health Care UCITS ETF (HEAW.L) at 3.64%. This indicates that AIAG.L's price experiences larger fluctuations and is considered to be riskier than HEAW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.