AIAI.L vs. SMGB.L
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAI.L) and VanEck Semiconductor UCITS ETF (SMGB.L).
AIAI.L and SMGB.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. SMGB.L is a passively managed fund by VanEck that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 1, 2020. Both AIAI.L and SMGB.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 SMGB.L.
Performance
AIAI.L vs. SMGB.L - Performance Comparison
Returns By Period
In the year-to-date period, AIAI.L achieves a 13.56% return, which is significantly lower than SMGB.L's 21.09% return.
AIAI.L
13.56%
-0.10%
6.71%
28.35%
16.05%
N/A
SMGB.L
21.09%
-1.27%
-2.67%
32.30%
N/A
N/A
Key characteristics
| AIAI.L | SMGB.L | |
|---|---|---|
| Sharpe Ratio | 1.32 | 1.08 |
| Sortino Ratio | 1.83 | 1.54 |
| Omega Ratio | 1.23 | 1.20 |
| Calmar Ratio | 1.26 | 1.25 |
| Martin Ratio | 6.64 | 3.16 |
| Ulcer Index | 4.27% | 9.99% |
| Daily Std Dev | 21.58% | 29.20% |
| Max Drawdown | -49.61% | -35.48% |
| Current Drawdown | -4.99% | -16.02% |
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AIAI.L vs. SMGB.L - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is higher than SMGB.L's 0.35% expense ratio.
Correlation
The correlation between AIAI.L and SMGB.L is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AIAI.L vs. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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. SMGB.L - Dividend Comparison
Neither AIAI.L nor SMGB.L has paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AIAI.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% |
SMGB.L VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.44% |
Drawdowns
AIAI.L vs. SMGB.L - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than SMGB.L's maximum drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for AIAI.L and SMGB.L. For additional features, visit the drawdowns tool.
Volatility
AIAI.L vs. SMGB.L - Volatility Comparison
The current volatility for L&G Artificial Intelligence UCITS ETF (AIAI.L) is 6.53%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 7.69%. This indicates that AIAI.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.