IAIX.L vs. SGLS.L
Compare and contrast key facts about Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) and Invesco Physical Gold GBP Hedged ETC (SGLS.L).
IAIX.L and SGLS.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. SGLS.L is a passively managed fund by Invesco that tracks the performance of the Gold (GBP Hedged). It was launched on Jul 9, 2020. Both IAIX.L and SGLS.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. SGLS.L - Performance Comparison
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IAIX.L vs. SGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc | -7.83% | 20.04% | 20.41% |
SGLS.L Invesco Physical Gold GBP Hedged ETC | 10.32% | 64.22% | -5.28% |
Returns By Period
In the year-to-date period, IAIX.L achieves a -7.83% return, which is significantly lower than SGLS.L's 10.32% return.
IAIX.L
- 1D
- 0.64%
- 1M
- -3.86%
- YTD
- -7.83%
- 6M
- -4.37%
- 1Y
- 37.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGLS.L
- 1D
- 3.51%
- 1M
- -9.97%
- YTD
- 10.32%
- 6M
- 22.83%
- 1Y
- 50.63%
- 3Y*
- 32.51%
- 5Y*
- 21.44%
- 10Y*
- —
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IAIX.L vs. SGLS.L - Expense Ratio Comparison
IAIX.L has a 0.35% expense ratio, which is higher than SGLS.L's 0.34% expense ratio.
Return for Risk
IAIX.L vs. SGLS.L — Risk / Return Rank
IAIX.L
SGLS.L
IAIX.L vs. SGLS.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 Invesco Physical Gold GBP Hedged ETC (SGLS.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 | SGLS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.94 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.41 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.83 | -0.59 |
Martin ratioReturn relative to average drawdown | 5.60 | 11.03 | -5.43 |
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 | SGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.94 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.03 | -0.24 |
Correlation
The correlation between IAIX.L and SGLS.L is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IAIX.L vs. SGLS.L - Dividend Comparison
Neither IAIX.L nor SGLS.L has paid dividends to shareholders.
Drawdowns
IAIX.L vs. SGLS.L - Drawdown Comparison
The maximum IAIX.L drawdown since its inception was -31.60%, which is greater than SGLS.L's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for IAIX.L and SGLS.L.
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Drawdown Indicators
| IAIX.L | SGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -21.94% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -17.93% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.94% | — |
Current DrawdownCurrent decline from peak | -14.85% | -10.03% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -6.78% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 4.60% | +1.55% |
Volatility
IAIX.L vs. SGLS.L - Volatility Comparison
The current volatility for Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) is 5.31%, while Invesco Physical Gold GBP Hedged ETC (SGLS.L) has a volatility of 11.86%. This indicates that IAIX.L experiences smaller price fluctuations and is considered to be less risky than SGLS.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 | SGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 11.86% | -6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 22.18% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.92% | 25.94% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 17.90% | +10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.76% | 18.20% | +10.56% |