AIAI.L vs. CLPAX
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAI.L) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX).
AIAI.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. CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIAI.L or CLPAX.
Key characteristics
| AIAI.L | CLPAX | |
|---|---|---|
| YTD Return | 4.42% | 1.79% |
| 1Y Return | 40.48% | 20.00% |
| 3Y Return (Ann) | 4.81% | 3.51% |
| Sharpe Ratio | 1.77 | 1.66 |
| Daily Std Dev | 22.52% | 12.15% |
| Max Drawdown | -49.61% | -32.47% |
| Current Drawdown | -9.33% | -5.59% |
Correlation
The correlation between AIAI.L and CLPAX is 0.53, 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
AIAI.L vs. CLPAX - Performance Comparison
In the year-to-date period, AIAI.L achieves a 4.42% return, which is significantly higher than CLPAX's 1.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIAI.L vs. CLPAX - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is lower than CLPAX's 1.74% expense ratio.
Risk-Adjusted Performance
AIAI.L vs. CLPAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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
AIAI.L vs. CLPAX - Dividend Comparison
Neither AIAI.L nor CLPAX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.72% | 1.89% |
Drawdowns
AIAI.L vs. CLPAX - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than CLPAX's maximum drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for AIAI.L and CLPAX. For additional features, visit the drawdowns tool.
Volatility
AIAI.L vs. CLPAX - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) has a higher volatility of 7.39% compared to Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) at 3.30%. This indicates that AIAI.L's price experiences larger fluctuations and is considered to be riskier than CLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.