AIAI.L vs. SHLD.L
AIAI.L (L&G Artificial Intelligence UCITS ETF) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - AIAI.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, AIAI.L returned 14.95%/yr vs 9.10%/yr for SHLD.L. Their correlation of 0.89 suggests significant overlap in exposure. AIAI.L charges 0.49%/yr vs 0.40%/yr for SHLD.L.
Performance
AIAI.L vs. SHLD.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 SHLD.L's 16.56% 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*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
AIAI.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AIAI.L L&G Artificial Intelligence UCITS ETF | 29.30% | 30.31% | 18.47% | 59.57% | -40.29% | 9.81% | 68.60% | 7.32% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 9.38% |
Correlation
The correlation between AIAI.L and SHLD.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.89 |
The correlation between AIAI.L and SHLD.L has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
AIAI.L vs. SHLD.L — Risk / Return Rank
AIAI.L
SHLD.L
AIAI.L vs. SHLD.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 iShares Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.91 | +1.09 |
| Martin ratioReturn relative to average drawdown | 8.61 | 4.12 | +4.49 |
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Drawdowns
AIAI.L vs. SHLD.L - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than SHLD.L's maximum drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for AIAI.L and SHLD.L.
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Drawdown Indicators
| AIAI.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.61% | -36.07% | -13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -11.40% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -29.94% | -22.72% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -49.61% | -36.07% | -13.54% |
Current DrawdownCurrent decline from peak | -10.81% | -5.36% | -5.45% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -9.27% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 5.28% | +0.58% |
Volatility
AIAI.L vs. SHLD.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) has a higher volatility of 9.99% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 6.81%. This indicates that AIAI.L's price experiences larger fluctuations and is considered to be riskier than SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 6.81% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 23.39% | 18.09% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.90% | 21.64% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.05% | 21.39% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 21.22% | +7.66% |
AIAI.L vs. SHLD.L - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
AIAI.L vs. SHLD.L - Dividend Comparison
AIAI.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AIAI.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
AIAI.L and SHLD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.49% for AIAI.L.
AIAI.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for AIAI.L and 0.40% for SHLD.L.
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