IGV vs. AIS

Last updated Jun 24, 2026

IGV (iShares Expanded Tech-Software Sector ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Technology Equities funds. IGV is passively managed, while AIS is actively managed. Over the past year, IGV returned -17.89% vs 204.96% for AIS. A 0.53 correlation means they provide meaningful diversification when combined. IGV charges 0.39%/yr vs 0.75%/yr for AIS.

Performance

IGV vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGV achieves a -17.37% return, which is significantly lower than AIS's 113.37% return.

IGV

• 1D: 0.01%
• 1M: -7.10%
• YTD: -17.37%
• 6M: -19.19%
• 1Y: -17.89%
• 3Y*: 9.05%
• 5Y*: 2.37%
• 10Y*: 15.70%

AIS

• 1D: -8.85%
• 1M: 12.86%
• YTD: 113.37%
• 6M: 114.50%
• 1Y: 204.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGV vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGV iShares Expanded Tech-Software Sector ETF	-17.37%	5.56%	-4.52%
AIS VistaShares Artificial Intelligence Supercycle ETF	113.37%	58.35%	-4.74%

Correlation

The correlation between IGV and AIS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.53

The correlation between IGV and AIS shifts across timeframes, from 0.37 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

IGV vs. AIS - Sectors Allocation Comparison

Sectors	IGV	AIS
Technology	89.1%	88.5%
Communication Services	8.6%	-
Financial Services	1.9%	-0.0%
Consumer Cyclical	0.3%	-
Industrials	0.1%	7.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	2.6%

Return for Risk

IGV vs. AIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGV

IGV Risk / Return Rank: 4
IGV Sharpe Ratio Rank: 4
IGV Sortino Ratio Rank: 4
IGV Omega Ratio Rank: 4
IGV Calmar Ratio Rank: 5
IGV Martin Ratio Rank: 4

AIS

AIS Risk / Return Rank: 96
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 94
AIS Omega Ratio Rank: 94
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGV vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	IGV	AIS	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	4.96	-5.59
Sortino ratio: Return per unit of downside risk	-0.75	4.50	-5.26
Omega ratio: Gain probability vs. loss probability	0.91	1.65	-0.74
Calmar ratio: Return relative to maximum drawdown	-0.49	13.02	-13.51
Martin ratio: Return relative to average drawdown	-1.00	39.90	-40.90

IGV vs. AIS - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.64, which is lower than the AIS Sharpe Ratio of 4.96. The chart below compares the historical Sharpe Ratios of IGV and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGV vs. AIS - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than AIS's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for IGV and AIS.

Drawdown Indicators

	IGV	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-32.78%	-30.67%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-15.84%	-20.77%
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-25.85%	-8.85%	-17.00%
Average Drawdown Average peak-to-trough decline	-14.46%	-5.48%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.94%	5.16%	+12.78%

Volatility

IGV vs. AIS - Volatility Comparison

The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.71%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 23.82%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGV	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.71%	23.82%	-11.11%
Volatility (6M) Calculated over the trailing 6-month period	24.86%	36.25%	-11.39%
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	41.61%	-13.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.97%	41.09%	-13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.38%	41.09%	-14.71%

IGV vs. AIS - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

IGV vs. AIS - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, while AIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGV iShares Expanded Tech-Software Sector ETF	0.02%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%

Frequently Asked Questions

Can I hold both IGV and AIS in my portfolio?

IGV and AIS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGV or AIS?

AIS has higher volatility (23.82%) compared to IGV (12.71%). In terms of maximum drawdown, IGV dropped -63.45% vs AIS's -32.78%.

Which ETF is better, IGV or AIS?

On 1-year performance, AIS leads with 204.96% vs -17.89% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 12.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGV or AIS?

Over the 1-year period, AIS has performed better with a 204.96% return vs -17.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGV or AIS?

IGV is cheaper with a 0.39% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, IGV or AIS?

IGV has the higher dividend yield at 0.02%, compared with 0.00% for AIS.

What is the main difference between IGV and AIS?

They also come from different issuers: iShares and VistaShares. Their fees differ too: 0.39% for IGV and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (4.96 vs -0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.