IAIX.L vs. ECOG.L

Last updated Jun 4, 2026

IAIX.L (Invesco Artificial Intelligence Enablers UCITS ETF Acc) and ECOG.L (Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds - IAIX.L tracks the S&P Kensho Global AI Enablers Screened Index while ECOG.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, IAIX.L returned 83.72% vs 7.32% for ECOG.L. A 0.61 correlation means they provide meaningful diversification when combined. IAIX.L charges 0.35%/yr vs 0.49%/yr for ECOG.L.

Performance

IAIX.L vs. ECOG.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 Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.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 39.63% return, which is significantly higher than ECOG.L's -1.05% return.

IAIX.L

• 1D: -2.64%
• 1M: 28.26%
• YTD: 39.63%
• 6M: 38.14%
• 1Y: 83.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECOG.L

• 1D: -1.41%
• 1M: 2.40%
• YTD: -1.05%
• 6M: 0.38%
• 1Y: 7.32%
• 3Y*: 5.55%
• 5Y*: 2.25%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc	39.63%	20.04%	20.41%
ECOG.L Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF	-1.05%	3.54%	2.14%

Correlation

The correlation between IAIX.L and ECOG.L is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024	0.61

The correlation between IAIX.L and ECOG.L has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAIX.L

IAIX.L Risk / Return Rank: 84
IAIX.L Sharpe Ratio Rank: 91
IAIX.L Sortino Ratio Rank: 86
IAIX.L Omega Ratio Rank: 81
IAIX.L Calmar Ratio Rank: 89
IAIX.L Martin Ratio Rank: 74

ECOG.L

ECOG.L Risk / Return Rank: 16
ECOG.L Sharpe Ratio Rank: 17
ECOG.L Sortino Ratio Rank: 16
ECOG.L Omega Ratio Rank: 16
ECOG.L Calmar Ratio Rank: 16
ECOG.L Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAIX.L vs. ECOG.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 Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.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.

	IAIX.L	ECOG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.17	0.51	+2.66
Sortino ratio: Return per unit of downside risk	3.87	0.80	+3.08
Omega ratio: Gain probability vs. loss probability	1.48	1.10	+0.39
Calmar ratio: Return relative to maximum drawdown	5.41	0.57	+4.84
Martin ratio: Return relative to average drawdown	13.80	1.54	+12.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IAIX.L Sharpe Ratio is 3.17, which is higher than the ECOG.L Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IAIX.L and ECOG.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.

Sharpe Ratios by Period

	IAIX.L	ECOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.17	0.51	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.47	+1.44

Drawdowns

IAIX.L vs. ECOG.L - Drawdown Comparison

The maximum IAIX.L drawdown since its inception was -31.60%, which is greater than ECOG.L's maximum drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for IAIX.L and ECOG.L.

Drawdown Indicators

	IAIX.L	ECOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.60%	-26.12%	-5.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.39%	-12.80%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.12%	—
Current Drawdown Current decline from peak	-2.64%	-4.62%	+1.98%
Average Drawdown Average peak-to-trough decline	-7.32%	-7.65%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	4.73%	+1.32%

Volatility

IAIX.L vs. ECOG.L - Volatility Comparison

Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) has a higher volatility of 11.52% compared to Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.L) at 4.15%. This indicates that IAIX.L's price experiences larger fluctuations and is considered to be riskier than ECOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAIX.L	ECOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	4.15%	+7.37%
Volatility (6M) Calculated over the trailing 6-month period	19.19%	10.71%	+8.48%
Volatility (1Y) Calculated over the trailing 1-year period	26.36%	14.40%	+11.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.58%	16.55%	+13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.58%	17.05%	+12.53%

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

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

Dividends

IAIX.L vs. ECOG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IAIX.L and ECOG.L have a correlation of 0.56, 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 ECOG.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 ECOG.L?

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

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

IAIX.L tracks S&P Kensho Global AI Enablers Screened Index, while ECOG.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 ECOG.L.