IAIX.L vs. XFSN.L
IAIX.L (Invesco Artificial Intelligence Enablers UCITS ETF Acc) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds - IAIX.L tracks the S&P Kensho Global AI Enablers Screened Index while XFSN.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, IAIX.L returned 83.72% vs -1.28% for XFSN.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
IAIX.L vs. XFSN.L - Performance Comparison
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Different Trading Currencies
IAIX.L is traded in GBp, while XFSN.L is traded in GBP. To make them comparable, the XFSN.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 39.63% return, which is significantly higher than XFSN.L's -3.47% return.
IAIX.L
- 1D
- -2.64%
- 1M
- 28.26%
- YTD
- 39.63%
- 6M
- 38.14%
- 1Y
- 83.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFSN.L
- 1D
- -2.16%
- 1M
- 6.48%
- YTD
- -3.47%
- 6M
- -4.83%
- 1Y
- -1.28%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
IAIX.L vs. XFSN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc | 39.63% | 20.04% | 20.41% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -3.47% | 2.93% | 6.91% |
Correlation
The correlation between IAIX.L and XFSN.L is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024 | 0.74 |
The correlation between IAIX.L and XFSN.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
IAIX.L vs. XFSN.L — Risk / Return Rank
IAIX.L
XFSN.L
IAIX.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.88 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.00 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | -0.05 | +5.47 |
| Martin ratioReturn relative to average drawdown | 13.80 | -0.11 | +13.91 |
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 | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.17 | -0.08 | +3.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.60 | +1.30 |
Drawdowns
IAIX.L vs. XFSN.L - Drawdown Comparison
The maximum IAIX.L drawdown since its inception was -31.60%, which is greater than XFSN.L's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for IAIX.L and XFSN.L.
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Drawdown Indicators
| IAIX.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -23.96% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -23.96% | +8.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.96% | — |
Current DrawdownCurrent decline from peak | -2.64% | -12.12% | +9.48% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -6.18% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 11.36% | -5.31% |
Volatility
IAIX.L vs. XFSN.L - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) has a higher volatility of 11.52% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.25%. This indicates that IAIX.L's price experiences larger fluctuations and is considered to be riskier than XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.52% | 4.25% | +7.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 11.65% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 15.60% | +10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.58% | 18.55% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.58% | 18.55% | +11.03% |
IAIX.L vs. XFSN.L - Expense Ratio Comparison
Both IAIX.L and XFSN.L have an expense ratio of 0.35%.
Dividends
IAIX.L vs. XFSN.L - Dividend Comparison
Neither IAIX.L nor XFSN.L has paid dividends to shareholders.
Frequently Asked Questions
IAIX.L and XFSN.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IAIX.L and XFSN.L have the same expense ratio: 0.35% per year.
IAIX.L tracks S&P Kensho Global AI Enablers Screened Index, while XFSN.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and DWS.
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