AIAI.L vs. ARKK

Last updated Jun 5, 2026

AIAI.L (L&G Artificial Intelligence UCITS ETF) and ARKK (ARK Innovation ETF) are both Technology Equities funds. AIAI.L is passively managed, while ARKK is actively managed. Over the past 5 years, AIAI.L returned 18.10%/yr vs -7.16%/yr for ARKK. A 0.58 correlation means they provide meaningful diversification when combined. AIAI.L charges 0.49%/yr vs 0.75%/yr for ARKK.

Performance

AIAI.L vs. ARKK - Performance Comparison

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

Returns By Period

In the year-to-date period, AIAI.L achieves a 42.35% return, which is significantly higher than ARKK's -3.16% return.

AIAI.L

• 1D: -1.83%
• 1M: 18.80%
• YTD: 42.35%
• 6M: 39.03%
• 1Y: 75.99%
• 3Y*: 38.01%
• 5Y*: 18.10%
• 10Y*: —

ARKK

• 1D: -6.97%
• 1M: -6.40%
• YTD: -3.16%
• 6M: -9.06%
• 1Y: 32.17%
• 3Y*: 20.73%
• 5Y*: -7.16%
• 10Y*: 14.98%

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

AIAI.L vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIAI.L L&G Artificial Intelligence UCITS ETF	42.35%	30.30%	18.45%	59.58%	-40.29%	9.81%	68.60%	3.43%
ARKK ARK Innovation ETF	-3.16%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	5.89%

Correlation

The correlation between AIAI.L and ARKK is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 3, 2019	0.58

The correlation between AIAI.L and ARKK has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

AIAI.L vs. ARKK - Sectors Allocation Comparison

Sectors	AIAI.L	ARKK
Technology	71.5%	26.4%
Communication Services	10.3%	10.9%
Consumer Cyclical	9.2%	13.7%
Healthcare	5.7%	27.4%
Financial Services	1.3%	15.4%
Industrials	1.1%	6.3%
Real Estate	0.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

AIAI.L vs. ARKK — 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: 83
AIAI.L Sharpe Ratio Rank: 89
AIAI.L Sortino Ratio Rank: 83
AIAI.L Omega Ratio Rank: 78
AIAI.L Calmar Ratio Rank: 86
AIAI.L Martin Ratio Rank: 77

ARKK

ARKK Risk / Return Rank: 24
ARKK Sharpe Ratio Rank: 25
ARKK Sortino Ratio Rank: 26
ARKK Omega Ratio Rank: 24
ARKK Calmar Ratio Rank: 23
ARKK Martin Ratio Rank: 20

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. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and ARK Innovation ETF (ARKK). 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.

	AIAI.L	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	3.00	0.87	+2.12
Sortino ratio: Return per unit of downside risk	3.68	1.39	+2.29
Omega ratio: Gain probability vs. loss probability	1.46	1.16	+0.30
Calmar ratio: Return relative to maximum drawdown	4.73	1.03	+3.70
Martin ratio: Return relative to average drawdown	14.60	2.28	+12.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIAI.L vs. ARKK - Sharpe Ratio Comparison

The current AIAI.L Sharpe Ratio is 3.00, which is higher than the ARKK Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of AIAI.L and ARKK, 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

	AIAI.L	ARKK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	0.87	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	-0.16	+0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.34	+0.44

Drawdowns

AIAI.L vs. ARKK - Drawdown Comparison

The maximum AIAI.L drawdown since its inception was -49.61%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for AIAI.L and ARKK.

Drawdown Indicators

	AIAI.L	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-49.61%	-80.97%	+31.36%
Max Drawdown (1Y) Largest decline over 1 year	-16.80%	-31.35%	+14.55%
Max Drawdown (3Y) Largest decline over 3 years	-29.96%	-39.56%	+9.60%
Max Drawdown (5Y) Largest decline over 5 years	-49.61%	-77.23%	+27.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.97%	—
Current Drawdown Current decline from peak	-1.83%	-51.77%	+49.94%
Average Drawdown Average peak-to-trough decline	-14.16%	-30.13%	+15.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	14.14%	-8.69%

Volatility

AIAI.L vs. ARKK - Volatility Comparison

The current volatility for L&G Artificial Intelligence UCITS ETF (AIAI.L) is 10.67%, while ARK Innovation ETF (ARKK) has a volatility of 11.30%. This indicates that AIAI.L experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIAI.L	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.67%	11.30%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	20.49%	26.00%	-5.51%
Volatility (1Y) Calculated over the trailing 1-year period	26.55%	37.11%	-10.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	46.38%	-17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	40.32%	-11.51%

AIAI.L vs. ARKK - Expense Ratio Comparison

AIAI.L has a 0.49% expense ratio, which is lower than ARKK's 0.75% expense ratio.

Dividends

AIAI.L vs. ARKK - Dividend Comparison

Neither AIAI.L nor ARKK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%

Frequently Asked Questions

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

AIAI.L and ARKK have a correlation of 0.55, 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 ARKK?

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 ARKK?

AIAI.L is cheaper with a 0.49% expense ratio, compared with 0.75% for ARKK.

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

They also come from different issuers: Legal & General and ARK. Their fees differ too: 0.49% for AIAI.L and 0.75% for ARKK.