AIQG.L vs. KARP.L
AIQG.L (Global X Artificial Intelligence UCITS ETF USD Accumulating) and KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) are both Technology Equities funds - AIQG.L tracks the Indxx Artificial Intelligence Index while KARP.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, AIQG.L returned 67.13% vs 64.99% for KARP.L. At a 0.49 correlation, their price movements are largely independent. AIQG.L charges 0.40%/yr vs 0.72%/yr for KARP.L.
Performance
AIQG.L vs. KARP.L - Performance Comparison
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Returns By Period
In the year-to-date period, AIQG.L achieves a 33.58% return, which is significantly higher than KARP.L's 15.05% return.
AIQG.L
- 1D
- -1.68%
- 1M
- 18.05%
- YTD
- 33.58%
- 6M
- 33.50%
- 1Y
- 67.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KARP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 15.05%
- 6M
- 14.03%
- 1Y
- 64.99%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
AIQG.L vs. KARP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIQG.L Global X Artificial Intelligence UCITS ETF USD Accumulating | 33.58% | 21.73% | 17.14% |
KARP.L KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD | 15.05% | 33.35% | 14.57% |
Correlation
The correlation between AIQG.L and KARP.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.49 |
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Return for Risk
AIQG.L vs. KARP.L — Risk / Return Rank
AIQG.L
KARP.L
AIQG.L vs. KARP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) and KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.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.
| AIQG.L | KARP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.55 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 6.99 | -2.52 |
| Martin ratioReturn relative to average drawdown | 12.81 | 19.86 | -7.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIQG.L | KARP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.22 | 3.13 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | -0.14 | +2.09 |
Drawdowns
AIQG.L vs. KARP.L - Drawdown Comparison
The maximum AIQG.L drawdown since its inception was -29.14%, smaller than the maximum KARP.L drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for AIQG.L and KARP.L.
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Drawdown Indicators
| AIQG.L | KARP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.14% | -56.63% | +27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.94% | -9.76% | -5.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -46.94% | — |
Current DrawdownCurrent decline from peak | -2.24% | -19.90% | +17.66% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -34.88% | +29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 3.44% | +1.79% |
Volatility
AIQG.L vs. KARP.L - Volatility Comparison
Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) has a higher volatility of 7.62% compared to KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) at 0.00%. This indicates that AIQG.L's price experiences larger fluctuations and is considered to be riskier than KARP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIQG.L | KARP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 0.00% | +7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 12.87% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.73% | 21.85% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.34% | 24.61% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 24.61% | -1.27% |
AIQG.L vs. KARP.L - Expense Ratio Comparison
AIQG.L has a 0.40% expense ratio, which is lower than KARP.L's 0.72% expense ratio.
Dividends
AIQG.L vs. KARP.L - Dividend Comparison
Neither AIQG.L nor KARP.L has paid dividends to shareholders.
Frequently Asked Questions
AIQG.L and KARP.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIQG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIQG.L is cheaper with a 0.40% expense ratio, compared with 0.72% for KARP.L.
AIQG.L tracks Indxx Artificial Intelligence Index, while KARP.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Global X and Waystone Management. Their fees differ too: 0.40% for AIQG.L and 0.72% for KARP.L.
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