AIAI.L vs. HMEF.L
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAI.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L).
AIAI.L and HMEF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HMEF.L is a passively managed fund by HSBC that tracks the performance of the MSCI EM NR USD. It was launched on Sep 5, 2011. Both AIAI.L and HMEF.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: AIAI.L or HMEF.L.
Performance
AIAI.L vs. HMEF.L - Performance Comparison
Returns By Period
In the year-to-date period, AIAI.L achieves a 13.56% return, which is significantly higher than HMEF.L's 9.93% return.
AIAI.L
13.56%
-0.10%
6.71%
28.35%
16.05%
N/A
HMEF.L
9.93%
-2.38%
0.31%
11.79%
3.31%
5.26%
Key characteristics
| AIAI.L | HMEF.L | |
|---|---|---|
| Sharpe Ratio | 1.32 | 0.84 |
| Sortino Ratio | 1.83 | 1.28 |
| Omega Ratio | 1.23 | 1.16 |
| Calmar Ratio | 1.26 | 0.48 |
| Martin Ratio | 6.64 | 3.94 |
| Ulcer Index | 4.27% | 2.82% |
| Daily Std Dev | 21.58% | 13.19% |
| Max Drawdown | -49.61% | -31.72% |
| Current Drawdown | -4.99% | -10.38% |
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AIAI.L vs. HMEF.L - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is higher than HMEF.L's 0.15% expense ratio.
Correlation
The correlation between AIAI.L and HMEF.L is 0.63, 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.
Risk-Adjusted Performance
AIAI.L vs. HMEF.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.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
AIAI.L vs. HMEF.L - Dividend Comparison
AIAI.L has not paid dividends to shareholders, while HMEF.L's dividend yield for the trailing twelve months is around 2.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD | 2.41% | 2.58% | 2.99% | 2.01% | 1.66% | 2.11% | 2.14% | 1.61% | 1.69% | 2.25% | 1.92% | 2.12% |
Drawdowns
AIAI.L vs. HMEF.L - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than HMEF.L's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for AIAI.L and HMEF.L. For additional features, visit the drawdowns tool.
Volatility
AIAI.L vs. HMEF.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) has a higher volatility of 6.52% compared to HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) at 5.15%. This indicates that AIAI.L's price experiences larger fluctuations and is considered to be riskier than HMEF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.