AYEW.DE vs. AIAI.L
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and AIAI.L (L&G Artificial Intelligence UCITS ETF) are both Technology Equities funds - AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped while AIAI.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, AYEW.DE returned 21.48%/yr vs 19.23%/yr for AIAI.L. Their correlation of 0.82 suggests significant overlap in exposure. AYEW.DE charges 0.18%/yr vs 0.49%/yr for AIAI.L.
Performance
AYEW.DE vs. AIAI.L - Performance Comparison
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Different Trading Currencies
AYEW.DE is traded in EUR, while AIAI.L is traded in USD. To make them comparable, the AIAI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AYEW.DE achieves a 24.61% return, which is significantly lower than AIAI.L's 44.17% return.
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
AIAI.L
- 1D
- -1.55%
- 1M
- 21.64%
- YTD
- 44.17%
- 6M
- 40.91%
- 1Y
- 75.00%
- 3Y*
- 34.38%
- 5Y*
- 19.23%
- 10Y*
- —
AYEW.DE vs. AIAI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
AIAI.L L&G Artificial Intelligence UCITS ETF | 44.17% | 14.84% | 26.27% | 54.80% | -36.59% | 18.02% | 54.70% | 10.92% |
Correlation
The correlation between AYEW.DE and AIAI.L is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.82 |
The correlation between AYEW.DE and AIAI.L has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
AYEW.DE vs. AIAI.L — Risk / Return Rank
AYEW.DE
AIAI.L
AYEW.DE vs. AIAI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) 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.
| AYEW.DE | AIAI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.74 | -1.73 |
| Martin ratioReturn relative to average drawdown | 8.00 | 12.75 | -4.75 |
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
| AYEW.DE | AIAI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.86 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.69 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.77 | +0.25 |
Drawdowns
AYEW.DE vs. AIAI.L - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.36%, smaller than the maximum AIAI.L drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and AIAI.L.
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Drawdown Indicators
| AYEW.DE | AIAI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -42.80% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -16.06% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.01% | -32.84% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -42.80% | +12.70% |
Current DrawdownCurrent decline from peak | -2.13% | -1.55% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -12.82% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 5.98% | -0.34% |
Volatility
AYEW.DE vs. AIAI.L - Volatility Comparison
The current volatility for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) is 6.77%, while L&G Artificial Intelligence UCITS ETF (AIAI.L) has a volatility of 10.54%. This indicates that AYEW.DE experiences smaller price fluctuations and is considered to be less risky than AIAI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEW.DE | AIAI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 10.54% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 20.20% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 26.62% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 27.91% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 28.30% | -4.82% |
AYEW.DE vs. AIAI.L - Expense Ratio Comparison
AYEW.DE has a 0.18% expense ratio, which is lower than AIAI.L's 0.49% expense ratio.
Dividends
AYEW.DE vs. AIAI.L - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.25%, while AIAI.L has not paid dividends to shareholders.
| 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% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
Frequently Asked Questions
AYEW.DE and AIAI.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for AIAI.L.
AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while AIAI.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.18% for AYEW.DE and 0.49% for AIAI.L.
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