AIAI.L vs. KROP.L
AIAI.L (L&G Artificial Intelligence UCITS ETF) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD (Acc)) are both Technology Equities funds - AIAI.L tracks the MSCI World/Information Tech NR USD while KROP.L tracks the Solactive AgTech & Food Innovation v2 Index. Both are passively managed. Over the past 3 years, AIAI.L returned 30.16%/yr vs -1.55%/yr for KROP.L. At a 0.49 correlation, their price movements are largely independent. AIAI.L charges 0.49%/yr vs 0.50%/yr for KROP.L.
Performance
AIAI.L vs. KROP.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIAI.L achieves a 29.30% return, which is significantly higher than KROP.L's 14.38% return.
AIAI.L
- 1D
- -3.15%
- 1M
- -6.72%
- 6M
- 25.92%
- YTD
- 29.30%
- 1Y
- 50.62%
- 3Y*
- 30.16%
- 5Y*
- 14.95%
- 10Y*
- —
KROP.L
- 1D
- -0.10%
- 1M
- 0.91%
- 6M
- 5.92%
- YTD
- 14.38%
- 1Y
- 10.47%
- 3Y*
- -1.55%
- 5Y*
- —
- 10Y*
- —
AIAI.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AIAI.L L&G Artificial Intelligence UCITS ETF | 29.30% | 30.31% | 18.47% | 59.57% | -30.76% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD (Acc) | 14.38% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between AIAI.L and KROP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.49 |
Over the past year, the correlation between AIAI.L and KROP.L has dropped to 0.19 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
AIAI.L vs. KROP.L — Risk / Return Rank
AIAI.L
KROP.L
AIAI.L vs. KROP.L - 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 AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.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.
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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.12 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 0.98 | +2.02 |
| Martin ratioReturn relative to average drawdown | 8.61 | 2.00 | +6.61 |
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Drawdowns
AIAI.L vs. KROP.L - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, roughly equal to the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for AIAI.L and KROP.L.
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Drawdown Indicators
| AIAI.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.61% | -52.04% | +2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -10.68% | -6.12% |
Max Drawdown (3Y)Largest decline over 3 years | -29.94% | -27.32% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -49.61% | — | — |
Current DrawdownCurrent decline from peak | -10.81% | -37.92% | +27.11% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -36.93% | +22.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 5.22% | +0.64% |
Volatility
AIAI.L vs. KROP.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) has a higher volatility of 9.99% compared to Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) at 4.12%. This indicates that AIAI.L's price experiences larger fluctuations and is considered to be riskier than KROP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIAI.L | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 4.12% | +5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 23.39% | 12.94% | +10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.90% | 16.50% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.05% | 21.23% | +7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 21.23% | +7.65% |
AIAI.L vs. KROP.L - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is lower than KROP.L's 0.50% expense ratio.
Dividends
AIAI.L vs. KROP.L - Dividend Comparison
Neither AIAI.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
AIAI.L and KROP.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AIAI.L is cheaper with a 0.49% expense ratio, compared with 0.50% for KROP.L.
AIAI.L tracks MSCI World/Information Tech NR USD, while KROP.L tracks Solactive AgTech & Food Innovation v2 Index. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for AIAI.L and 0.50% for KROP.L.
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