IAIX.L vs. LEGR.L
Compare and contrast key facts about Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L).
IAIX.L and LEGR.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. LEGR.L is a passively managed fund by First Trust that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 9, 2018. Both IAIX.L and LEGR.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. LEGR.L - Performance Comparison
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IAIX.L vs. LEGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc | -7.83% | 20.04% | 20.41% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | -2.99% | 22.20% | 4.23% |
Different Trading Currencies
IAIX.L is traded in GBp, while LEGR.L is traded in USD. To make them comparable, the LEGR.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 LEGR.L's -2.99% return.
IAIX.L
- 1D
- 0.64%
- 1M
- -3.86%
- YTD
- -7.83%
- 6M
- -4.37%
- 1Y
- 37.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEGR.L
- 1D
- 0.30%
- 1M
- -5.51%
- YTD
- -2.99%
- 6M
- 4.04%
- 1Y
- 17.89%
- 3Y*
- 15.39%
- 5Y*
- 10.48%
- 10Y*
- —
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IAIX.L vs. LEGR.L - Expense Ratio Comparison
IAIX.L has a 0.35% expense ratio, which is lower than LEGR.L's 0.65% expense ratio.
Return for Risk
IAIX.L vs. LEGR.L — Risk / Return Rank
IAIX.L
LEGR.L
IAIX.L vs. LEGR.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 First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.12 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.58 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.52 | +0.72 |
Martin ratioReturn relative to average drawdown | 5.60 | 5.88 | -0.27 |
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 | LEGR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.12 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.69 | +0.10 |
Correlation
The correlation between IAIX.L and LEGR.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IAIX.L vs. LEGR.L - Dividend Comparison
Neither IAIX.L nor LEGR.L has paid dividends to shareholders.
Drawdowns
IAIX.L vs. LEGR.L - Drawdown Comparison
The maximum IAIX.L drawdown since its inception was -31.60%, which is greater than LEGR.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for IAIX.L and LEGR.L.
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Drawdown Indicators
| IAIX.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -34.70% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -11.86% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.56% | — |
Current DrawdownCurrent decline from peak | -14.85% | -9.07% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -6.75% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 2.95% | +3.20% |
Volatility
IAIX.L vs. LEGR.L - Volatility Comparison
The current volatility for Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) is 5.31%, while First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) has a volatility of 5.59%. This indicates that IAIX.L experiences smaller price fluctuations and is considered to be less risky than LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 5.59% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 10.20% | +8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 15.91% | +12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 14.97% | +13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 17.36% | +11.40% |