IEVD.DE vs. IVAI.DE
IEVD.DE (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) are both Technology Equities funds - IEVD.DE tracks the STOXX® Global Electric Vehicles & Driving Technology while IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index. Both are passively managed. Over the past year, IEVD.DE returned 75.04% vs 62.13% for IVAI.DE. A 0.72 correlation means they provide meaningful diversification when combined. IEVD.DE charges 0.40%/yr vs 0.35%/yr for IVAI.DE.
Performance
IEVD.DE vs. IVAI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEVD.DE achieves a 49.63% return, which is significantly higher than IVAI.DE's 29.37% return.
IEVD.DE
- 1D
- -0.08%
- 1M
- -3.13%
- YTD
- 49.63%
- 6M
- 50.75%
- 1Y
- 75.04%
- 3Y*
- 21.40%
- 5Y*
- 11.91%
- 10Y*
- —
IVAI.DE
- 1D
- 0.00%
- 1M
- -1.20%
- YTD
- 29.37%
- 6M
- 30.65%
- 1Y
- 62.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEVD.DE vs. IVAI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEVD.DE iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 49.63% | 10.71% | 2.10% |
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 29.37% | 15.37% | 6.83% |
Correlation
The correlation between IEVD.DE and IVAI.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.72 |
The correlation between IEVD.DE and IVAI.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
IEVD.DE vs. IVAI.DE — Risk / Return Rank
IEVD.DE
IVAI.DE
IEVD.DE vs. IVAI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) and Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEVD.DE | IVAI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.55 | 2.62 | +3.93 |
| Martin ratioReturn relative to average drawdown | 18.54 | 4.93 | +13.60 |
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Drawdowns
IEVD.DE vs. IVAI.DE - Drawdown Comparison
The maximum IEVD.DE drawdown since its inception was -42.30%, which is greater than IVAI.DE's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for IEVD.DE and IVAI.DE.
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Drawdown Indicators
| IEVD.DE | IVAI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.30% | -34.16% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -23.74% | +12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -30.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.43% | — | — |
Current DrawdownCurrent decline from peak | -7.52% | -9.93% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -11.19% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 12.59% | -8.56% |
Volatility
IEVD.DE vs. IVAI.DE - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (IEVD.DE) has a higher volatility of 11.33% compared to Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) at 10.12%. This indicates that IEVD.DE's price experiences larger fluctuations and is considered to be riskier than IVAI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEVD.DE | IVAI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.33% | 10.12% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.82% | 20.71% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 35.88% | -9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 36.18% | -13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 36.18% | -12.02% |
IEVD.DE vs. IVAI.DE - Expense Ratio Comparison
IEVD.DE has a 0.40% expense ratio, which is higher than IVAI.DE's 0.35% expense ratio.
Dividends
IEVD.DE vs. IVAI.DE - Dividend Comparison
Neither IEVD.DE nor IVAI.DE has paid dividends to shareholders.
Frequently Asked Questions
IEVD.DE and IVAI.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVAI.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVAI.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for IEVD.DE.
IEVD.DE tracks STOXX® Global Electric Vehicles & Driving Technology, while IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IEVD.DE and 0.35% for IVAI.DE.
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