H3R0.DE vs. AIAA.DE
H3R0.DE (Global X Video Games & Esports UCITS ETF Acc USD) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - H3R0.DE tracks the Solactive Video Games & Esports while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, H3R0.DE returned -16.73% vs 6.16% for AIAA.DE. A 0.54 correlation means they provide meaningful diversification when combined. H3R0.DE charges 0.50%/yr vs 0.35%/yr for AIAA.DE.
Performance
H3R0.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H3R0.DE achieves a -13.47% return, which is significantly lower than AIAA.DE's -1.50% return.
H3R0.DE
- 1D
- -1.69%
- 1M
- -3.75%
- YTD
- -13.47%
- 6M
- -15.95%
- 1Y
- -16.73%
- 3Y*
- 5.22%
- 5Y*
- -4.14%
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 5.90%
- YTD
- -1.50%
- 6M
- -0.98%
- 1Y
- 6.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H3R0.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H3R0.DE Global X Video Games & Esports UCITS ETF Acc USD | -13.47% | 10.28% | -4.99% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between H3R0.DE and AIAA.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.54 |
The correlation between H3R0.DE and AIAA.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
H3R0.DE vs. AIAA.DE — Risk / Return Rank
H3R0.DE
AIAA.DE
H3R0.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Video Games & Esports UCITS ETF Acc USD (H3R0.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE). 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.
| H3R0.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.09 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.46 | -1.14 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.20 | -2.44 |
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
| H3R0.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.46 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.08 | -0.35 |
Drawdowns
H3R0.DE vs. AIAA.DE - Drawdown Comparison
The maximum H3R0.DE drawdown since its inception was -48.09%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for H3R0.DE and AIAA.DE.
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Drawdown Indicators
| H3R0.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.09% | -24.42% | -23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -13.31% | -11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.07% | — | — |
Current DrawdownCurrent decline from peak | -31.81% | -4.34% | -27.47% |
Average DrawdownAverage peak-to-trough decline | -29.88% | -7.45% | -22.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.45% | 5.12% | +8.33% |
Volatility
H3R0.DE vs. AIAA.DE - Volatility Comparison
Global X Video Games & Esports UCITS ETF Acc USD (H3R0.DE) has a higher volatility of 5.60% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that H3R0.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H3R0.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 3.63% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 10.08% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 13.43% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 17.46% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 17.46% | +3.13% |
H3R0.DE vs. AIAA.DE - Expense Ratio Comparison
H3R0.DE has a 0.50% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
H3R0.DE vs. AIAA.DE - Dividend Comparison
Neither H3R0.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
H3R0.DE and AIAA.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIAA.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for H3R0.DE.
H3R0.DE tracks Solactive Video Games & Esports, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for H3R0.DE and 0.35% for AIAA.DE.
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