AIAI.L vs. VEVE.AS
Compare and contrast key facts about L&G Artificial Intelligence UCITS ETF (AIAI.L) and Vanguard FTSE Developed World UCITS ETF (VEVE.AS).
AIAI.L and VEVE.AS 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. VEVE.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 30, 2014. Both AIAI.L and VEVE.AS 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 VEVE.AS.
Key characteristics
| AIAI.L | VEVE.AS | |
|---|---|---|
| YTD Return | 4.42% | 10.95% |
| 1Y Return | 40.48% | 22.33% |
| 3Y Return (Ann) | 4.81% | 8.75% |
| Sharpe Ratio | 1.77 | 2.22 |
| Daily Std Dev | 22.52% | 9.77% |
| Max Drawdown | -49.61% | -33.57% |
| Current Drawdown | -9.33% | -0.18% |
Correlation
The correlation between AIAI.L and VEVE.AS is 0.74, 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.
Performance
AIAI.L vs. VEVE.AS - Performance Comparison
In the year-to-date period, AIAI.L achieves a 4.42% return, which is significantly lower than VEVE.AS's 10.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIAI.L vs. VEVE.AS - Expense Ratio Comparison
AIAI.L has a 0.49% expense ratio, which is higher than VEVE.AS's 0.12% expense ratio.
Risk-Adjusted Performance
AIAI.L vs. VEVE.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAI.L) and Vanguard FTSE Developed World UCITS ETF (VEVE.AS). 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. VEVE.AS - Dividend Comparison
Neither AIAI.L nor VEVE.AS has paid dividends to shareholders.
Drawdowns
AIAI.L vs. VEVE.AS - Drawdown Comparison
The maximum AIAI.L drawdown since its inception was -49.61%, which is greater than VEVE.AS's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for AIAI.L and VEVE.AS. For additional features, visit the drawdowns tool.
Volatility
AIAI.L vs. VEVE.AS - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAI.L) has a higher volatility of 7.39% compared to Vanguard FTSE Developed World UCITS ETF (VEVE.AS) at 3.39%. This indicates that AIAI.L's price experiences larger fluctuations and is considered to be riskier than VEVE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.