IAIX.L vs. HNSS.L
Compare and contrast key facts about Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L).
IAIX.L and HNSS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAIX.L is a passively managed fund by Invesco that tracks the performance of the S&P Kensho Global AI Enablers Screened Index. It was launched on Oct 29, 2024. HNSS.L is a passively managed fund by HSBC that tracks the performance of the Nasdaq Global Semiconductor Index. It was launched on Jan 25, 2022. Both IAIX.L and HNSS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IAIX.L vs. HNSS.L - Performance Comparison
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IAIX.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc | -7.83% | 20.04% | 20.41% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 8.86% | 45.50% | 3.30% |
Different Trading Currencies
IAIX.L is traded in GBp, while HNSS.L is traded in GBP. To make them comparable, the HNSS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAIX.L achieves a -7.83% return, which is significantly lower than HNSS.L's 8.86% return.
IAIX.L
- 1D
- 0.64%
- 1M
- -3.86%
- YTD
- -7.83%
- 6M
- -4.37%
- 1Y
- 37.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNSS.L
- 1D
- 0.35%
- 1M
- -10.05%
- YTD
- 8.86%
- 6M
- 27.77%
- 1Y
- 88.57%
- 3Y*
- 34.69%
- 5Y*
- —
- 10Y*
- —
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IAIX.L vs. HNSS.L - Expense Ratio Comparison
Both IAIX.L and HNSS.L have an expense ratio of 0.35%.
Return for Risk
IAIX.L vs. HNSS.L — Risk / Return Rank
IAIX.L
HNSS.L
IAIX.L vs. HNSS.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 HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.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 | HNSS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 2.75 | -1.43 |
Sortino ratioReturn per unit of downside risk | 1.87 | 3.25 | -1.37 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 5.99 | -3.75 |
Martin ratioReturn relative to average drawdown | 5.60 | 18.90 | -13.29 |
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
| IAIX.L | HNSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.75 | -1.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.83 | -0.04 |
Correlation
The correlation between IAIX.L and HNSS.L is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IAIX.L vs. HNSS.L - Dividend Comparison
Neither IAIX.L nor HNSS.L has paid dividends to shareholders.
Drawdowns
IAIX.L vs. HNSS.L - Drawdown Comparison
The maximum IAIX.L drawdown since its inception was -31.60%, smaller than the maximum HNSS.L drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for IAIX.L and HNSS.L.
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Drawdown Indicators
| IAIX.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -36.83% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -14.21% | -1.18% |
Current DrawdownCurrent decline from peak | -14.85% | -12.85% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -9.88% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 4.50% | +1.65% |
Volatility
IAIX.L vs. HNSS.L - Volatility Comparison
The current volatility for Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) is 5.31%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 9.56%. This indicates that IAIX.L experiences smaller price fluctuations and is considered to be less risky than HNSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAIX.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 9.56% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 22.85% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 32.11% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 29.29% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 29.29% | -0.53% |