AIAI.L vs. IYW
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAI.L) and iShares U.S. Technology ETF (IYW).
AIAI.L and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both AIAI.L and IYW 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 IYW.
Performance
AIAI.L vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, AIAI.L achieves a 13.56% return, which is significantly lower than IYW's 26.93% return.
AIAI.L
13.56%
-0.10%
6.71%
28.35%
16.05%
N/A
IYW
26.93%
0.87%
12.82%
34.37%
23.49%
20.46%
Key characteristics
| AIAI.L | IYW | |
|---|---|---|
| Sharpe Ratio | 1.32 | 1.66 |
| Sortino Ratio | 1.83 | 2.20 |
| Omega Ratio | 1.23 | 1.30 |
| Calmar Ratio | 1.26 | 2.19 |
| Martin Ratio | 6.64 | 7.58 |
| Ulcer Index | 4.27% | 4.66% |
| Daily Std Dev | 21.58% | 21.18% |
| Max Drawdown | -49.61% | -81.89% |
| Current Drawdown | -4.99% | -3.55% |
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AIAI.L vs. IYW - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is higher than IYW's 0.42% expense ratio.
Correlation
The correlation between AIAI.L and IYW 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.
Risk-Adjusted Performance
AIAI.L vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
AIAI.L has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.42%.
| 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% |
IYW iShares U.S. Technology ETF | 0.42% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
AIAI.L vs. IYW - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for AIAI.L and IYW. For additional features, visit the drawdowns tool.
Volatility
AIAI.L vs. IYW - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) and iShares U.S. Technology ETF (IYW) have volatilities of 6.53% and 6.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.