IAIX.L vs. AIAG.L

Last updated Jul 30, 2026

IAIX.L (Invesco Artificial Intelligence Enablers UCITS ETF Acc) and AIAG.L (L&G Artificial Intelligence UCITS ETF) are both Artificial Intelligence funds - IAIX.L tracks the S&P Kensho Global AI Enablers Screened Index while AIAG.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, IAIX.L returned 41.68% vs 42.70% for AIAG.L. Their correlation of 0.85 means they have usually moved in the same direction. IAIX.L charges 0.35%/yr vs 0.49%/yr for AIAG.L.

Performance

IAIX.L vs. AIAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and L&G Artificial Intelligence UCITS ETF (AIAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAIX.L achieves a 19.98% return, which is significantly lower than AIAG.L's 25.73% return.

IAIX.L

• 1D: 0.00%
• 1M: -3.32%
• 6M: 16.85%
• YTD: 19.98%
• 1Y: 41.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1,508.15%

AIAG.L

• 1D: -1.36%
• 1M: -9.41%
• 6M: 22.70%
• YTD: 25.73%
• 1Y: 42.70%
• 3Y*: 27.77%
• 5Y*: 14.32%
• 10Y*: —
• ALL TIME*: 15.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIAG.L L&G Artificial Intelligence UCITS ETF	£1.54M	£1.75M	£2.51M
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc	£101.29K	£117.00K	£221.11K

IAIX.L vs. AIAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc	19.98%	20.04%	8,786.27%
AIAG.L L&G Artificial Intelligence UCITS ETF	25.73%	21.44%	8.99%

Correlation

The correlation between IAIX.L and AIAG.L is 0.85, 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.	0.86
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.85

The correlation between IAIX.L and AIAG.L has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

IAIX.L vs. AIAG.L — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IAIX.L

IAIX.L Risk / Return Rank: 41
IAIX.L Sharpe Ratio Rank: 34
IAIX.L Sortino Ratio Rank: 44
IAIX.L Omega Ratio Rank: 63
IAIX.L Calmar Ratio Rank: 37
IAIX.L Martin Ratio Rank: 25

AIAG.L

AIAG.L Risk / Return Rank: 63
AIAG.L Sharpe Ratio Rank: 68
AIAG.L Sortino Ratio Rank: 63
AIAG.L Omega Ratio Rank: 60
AIAG.L Calmar Ratio Rank: 72
AIAG.L Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAIX.L vs. AIAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and L&G Artificial Intelligence UCITS ETF (AIAG.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.

	IAIX.L	AIAG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.53	-0.73
Sortino ratio: Return per unit of downside risk	1.55	2.10	-0.56
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.23	2.53	-1.30
Martin ratio: Return relative to average drawdown	2.00	6.24	-4.24

IAIX.L vs. AIAG.L - Sharpe Ratio Comparison

The current IAIX.L Sharpe Ratio is 0.81, which is lower than the AIAG.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IAIX.L and AIAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IAIX.L vs. AIAG.L - Drawdown Comparison

The maximum IAIX.L drawdown since its inception was -33.97%, smaller than the maximum AIAG.L drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for IAIX.L and AIAG.L.

Drawdown Indicators

	IAIX.L	AIAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-41.56%	+7.59%
Max Drawdown (1Y) Largest decline over 1 year	-33.97%	-16.80%	-17.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.56%	—
Current Drawdown Current decline from peak	-16.34%	-13.57%	-2.77%
Average Drawdown Average peak-to-trough decline	-14.03%	-14.04%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.81%	6.82%	+13.99%

Volatility

IAIX.L vs. AIAG.L - Volatility Comparison

Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and L&G Artificial Intelligence UCITS ETF (AIAG.L) have volatilities of 9.27% and 9.29%, 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.

Volatility by Period

	IAIX.L	AIAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	9.29%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	21.99%	22.13%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	51.63%	27.72%	+23.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5,793.86%	30.08%	+5,763.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,793.86%	30.29%	+5,763.57%

IAIX.L vs. AIAG.L - Expense Ratio Comparison

IAIX.L has a 0.35% expense ratio, which is lower than AIAG.L's 0.49% expense ratio.

Dividends

IAIX.L vs. AIAG.L - Dividend Comparison

Neither IAIX.L nor AIAG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAIX.L and AIAG.L in my portfolio?

IAIX.L and AIAG.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAIX.L or AIAG.L?

On fees, IAIX.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAIX.L or AIAG.L?

IAIX.L is cheaper with a 0.35% expense ratio, compared with 0.49% for AIAG.L.

What is the main difference between IAIX.L and AIAG.L?

IAIX.L tracks S&P Kensho Global AI Enablers Screened Index, while AIAG.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.35% for IAIX.L and 0.49% for AIAG.L.