AIAI.L vs. AIQ

Last updated Jun 14, 2026

AIAI.L (L&G Artificial Intelligence UCITS ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both Technology Equities funds - AIAI.L tracks the MSCI World/Information Tech NR USD while AIQ tracks the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past 5 years, AIAI.L returned 16.36%/yr vs 16.96%/yr for AIQ. A 0.63 correlation means they provide meaningful diversification when combined. AIAI.L charges 0.49%/yr vs 0.68%/yr for AIQ.

Performance

AIAI.L vs. AIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Artificial Intelligence UCITS ETF (AIAI.L) and Global X Artificial Intelligence & Technology ETF (AIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIAI.L achieves a 35.30% return, which is significantly higher than AIQ's 25.84% return.

AIAI.L

• 1D: 4.04%
• 1M: 7.88%
• YTD: 35.30%
• 6M: 35.16%
• 1Y: 67.09%
• 3Y*: 33.97%
• 5Y*: 16.36%
• 10Y*: —

AIQ

• 1D: 0.08%
• 1M: 4.85%
• YTD: 25.84%
• 6M: 26.79%
• 1Y: 54.15%
• 3Y*: 32.14%
• 5Y*: 16.96%
• 10Y*: —

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

AIAI.L vs. AIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIAI.L L&G Artificial Intelligence UCITS ETF	35.30%	30.31%	18.47%	59.57%	-40.29%	9.81%	68.60%	7.32%
AIQ Global X Artificial Intelligence & Technology ETF	25.84%	31.89%	24.11%	55.39%	-36.44%	17.09%	52.88%	12.76%

Correlation

The correlation between AIAI.L and AIQ is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019	0.63

The correlation between AIAI.L and AIQ has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

AIAI.L vs. AIQ - Sectors Allocation Comparison

Sectors	AIAI.L	AIQ
Technology	71.5%	77.4%
Communication Services	10.3%	11.0%
Consumer Cyclical	9.2%	7.2%
Healthcare	5.7%	0.4%
Financial Services	1.3%	0.5%
Industrials	1.1%	3.4%
Real Estate	0.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

AIAI.L vs. AIQ — Risk / Return Rank

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

AIAI.L

AIAI.L Risk / Return Rank: 78
AIAI.L Sharpe Ratio Rank: 84
AIAI.L Sortino Ratio Rank: 78
AIAI.L Omega Ratio Rank: 74
AIAI.L Calmar Ratio Rank: 83
AIAI.L Martin Ratio Rank: 71

AIQ

AIQ Risk / Return Rank: 69
AIQ Sharpe Ratio Rank: 74
AIQ Sortino Ratio Rank: 65
AIQ Omega Ratio Rank: 69
AIQ Calmar Ratio Rank: 72
AIQ Martin Ratio Rank: 66

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.

AIAI.L vs. AIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIAI.L	AIQ	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.06	+0.31
Sortino ratio: Return per unit of downside risk	3.03	2.59	+0.44
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.86	3.17	+0.69
Martin ratio: Return relative to average drawdown	11.59	10.43	+1.16

AIAI.L vs. AIQ - Sharpe Ratio Comparison

The current AIAI.L Sharpe Ratio is 2.37, which is comparable to the AIQ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of AIAI.L and AIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIAI.L vs. AIQ - Drawdown Comparison

The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for AIAI.L and AIQ.

Drawdown Indicators

	AIAI.L	AIQ	Difference
Max Drawdown Largest peak-to-trough decline	-49.61%	-44.66%	-4.95%
Max Drawdown (1Y) Largest decline over 1 year	-16.80%	-16.47%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-29.94%	-26.35%	-3.59%
Max Drawdown (5Y) Largest decline over 5 years	-49.61%	-44.66%	-4.95%
Current Drawdown Current decline from peak	-6.67%	-8.75%	+2.08%
Average Drawdown Average peak-to-trough decline	-14.08%	-9.79%	-4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.61%	5.00%	+0.61%

Volatility

AIAI.L vs. AIQ - Volatility Comparison

The current volatility for L&G Artificial Intelligence UCITS ETF (AIAI.L) is 11.38%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 12.90%. This indicates that AIAI.L experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIAI.L	AIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.38%	12.90%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	21.68%	21.38%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	25.31%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.73%	25.74%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	25.71%	+3.10%

AIAI.L vs. AIQ - Expense Ratio Comparison

AIAI.L has a 0.49% expense ratio, which is lower than AIQ's 0.68% expense ratio.

Dividends

AIAI.L vs. AIQ - Dividend Comparison

AIAI.L has not paid dividends to shareholders, while AIQ's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AIAI.L L&G Artificial Intelligence UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AIQ Global X Artificial Intelligence & Technology ETF	0.15%	0.18%	0.14%	0.16%	0.56%	0.15%	0.50%	0.51%	0.51%

Frequently Asked Questions

Can I hold both AIAI.L and AIQ in my portfolio?

AIAI.L and AIQ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIAI.L or AIQ?

On fees, AIAI.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIAI.L or AIQ?

AIAI.L is cheaper with a 0.49% expense ratio, compared with 0.68% for AIQ.

What is the main difference between AIAI.L and AIQ?

AIAI.L tracks MSCI World/Information Tech NR USD, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for AIAI.L and 0.68% for AIQ.