AINF.L vs. AIAI.L
AINF.L (iShares AI Infrastructure UCITS ETF USD (Acc)) and AIAI.L (L&G Artificial Intelligence UCITS ETF) are both Artificial Intelligence funds - AINF.L tracks the STOXX Global AI Infrastructure Net Index while AIAI.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, AINF.L returned 67.02% vs 42.91% for AIAI.L. Their correlation of 0.85 means they have usually moved in the same direction. AINF.L charges 0.35%/yr vs 0.49%/yr for AIAI.L.
Performance
AINF.L vs. AIAI.L - Performance Comparison
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Different Trading Currencies
AINF.L is traded in GBP, while AIAI.L is traded in USD. To make them comparable, the AIAI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AINF.L achieves a 38.00% return, which is significantly higher than AIAI.L's 25.90% return.
AINF.L
- 1D
- 0.00%
- 1M
- -11.37%
- 6M
- 29.00%
- YTD
- 38.00%
- 1Y
- 67.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 46.54%
AIAI.L
- 1D
- -1.73%
- 1M
- -9.32%
- 6M
- 23.18%
- YTD
- 25.90%
- 1Y
- 42.91%
- 3Y*
- 27.64%
- 5Y*
- 14.31%
- 10Y*
- —
- ALL TIME*
- 19.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £2.93M | £2.16M | £2.79M | |
| £1.05M | £1.47M | £2.79M |
AINF.L vs. AIAI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AINF.L iShares AI Infrastructure UCITS ETF USD (Acc) | 38.00% | 34.74% | 0.43% |
AIAI.L L&G Artificial Intelligence UCITS ETF | 25.29% | 21.03% | -4.29% |
Correlation
The correlation between AINF.L and AIAI.L is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | 0.85 |
The correlation between AINF.L and AIAI.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
AINF.L vs. AIAI.L — Risk / Return Rank
AINF.L
AIAI.L
AINF.L vs. AIAI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.L) and L&G Artificial Intelligence UCITS ETF (AIAI.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.
| AINF.L | AIAI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.55 | -0.28 |
| Martin ratioReturn relative to average drawdown | 4.08 | 6.25 | -2.16 |
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Drawdowns
AINF.L vs. AIAI.L - Drawdown Comparison
The maximum AINF.L drawdown since its inception was -29.48%, smaller than the maximum AIAI.L drawdown of -41.66%. Use the drawdown chart below to compare losses from any high point for AINF.L and AIAI.L.
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Drawdown Indicators
| AINF.L | AIAI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.48% | -41.66% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -29.48% | -16.75% | -12.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.66% | — |
Current DrawdownCurrent decline from peak | -15.17% | -13.48% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -12.13% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 6.85% | +9.56% |
Volatility
AINF.L vs. AIAI.L - Volatility Comparison
iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.L) and L&G Artificial Intelligence UCITS ETF (AIAI.L) have volatilities of 9.56% and 9.35%, 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.
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Volatility by Period
| AINF.L | AIAI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 9.35% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 23.02% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.63% | 28.52% | +22.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.54% | 27.89% | +15.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.54% | 27.77% | +15.77% |
AINF.L vs. AIAI.L - Expense Ratio Comparison
AINF.L has a 0.35% expense ratio, which is lower than AIAI.L's 0.49% expense ratio.
Dividends
AINF.L vs. AIAI.L - Dividend Comparison
Neither AINF.L nor AIAI.L has paid dividends to shareholders.
Frequently Asked Questions
AINF.L and AIAI.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AINF.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AINF.L is cheaper with a 0.35% expense ratio, compared with 0.49% for AIAI.L.
AINF.L tracks STOXX Global AI Infrastructure Net Index, while AIAI.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.35% for AINF.L and 0.49% for AIAI.L.
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