INTL.L vs. IAIX.L
INTL.L (WisdomTree Artificial Intelligence UCITS ETF - USD Acc) and IAIX.L (Invesco Artificial Intelligence Enablers UCITS ETF Acc) are both Technology Equities funds - INTL.L tracks the MSCI World/Information Tech NR USD while IAIX.L tracks the S&P Kensho Global AI Enablers Screened Index. Both are passively managed. Over the past year, INTL.L returned 96.68% vs 83.72% for IAIX.L. Their correlation of 0.88 suggests significant overlap in exposure. INTL.L charges 0.40%/yr vs 0.35%/yr for IAIX.L.
Performance
INTL.L vs. IAIX.L - Performance Comparison
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Returns By Period
In the year-to-date period, INTL.L achieves a 50.10% return, which is significantly higher than IAIX.L's 39.63% return.
INTL.L
- 1D
- -0.17%
- 1M
- 25.51%
- YTD
- 50.10%
- 6M
- 51.64%
- 1Y
- 96.68%
- 3Y*
- 31.07%
- 5Y*
- 17.40%
- 10Y*
- —
IAIX.L
- 1D
- -2.64%
- 1M
- 28.26%
- YTD
- 39.63%
- 6M
- 38.14%
- 1Y
- 83.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INTL.L vs. IAIX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INTL.L WisdomTree Artificial Intelligence UCITS ETF - USD Acc | 50.10% | 14.50% | 11.38% |
IAIX.L Invesco Artificial Intelligence Enablers UCITS ETF Acc | 39.63% | 20.04% | 20.41% |
Correlation
The correlation between INTL.L and IAIX.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024 | 0.88 |
The correlation between INTL.L and IAIX.L has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
INTL.L vs. IAIX.L — Risk / Return Rank
INTL.L
IAIX.L
INTL.L vs. IAIX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence UCITS ETF - USD Acc (INTL.L) and Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.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.
| INTL.L | IAIX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.48 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | 5.41 | +0.95 |
| Martin ratioReturn relative to average drawdown | 19.68 | 13.80 | +5.88 |
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
| INTL.L | IAIX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.85 | 3.17 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.91 | -0.96 |
Drawdowns
INTL.L vs. IAIX.L - Drawdown Comparison
The maximum INTL.L drawdown since its inception was -37.71%, which is greater than IAIX.L's maximum drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for INTL.L and IAIX.L.
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Drawdown Indicators
| INTL.L | IAIX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.71% | -31.60% | -6.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -15.39% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.92% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -2.64% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -7.32% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 6.05% | -1.15% |
Volatility
INTL.L vs. IAIX.L - Volatility Comparison
The current volatility for WisdomTree Artificial Intelligence UCITS ETF - USD Acc (INTL.L) is 9.73%, while Invesco Artificial Intelligence Enablers UCITS ETF Acc (IAIX.L) has a volatility of 11.52%. This indicates that INTL.L experiences smaller price fluctuations and is considered to be less risky than IAIX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INTL.L | IAIX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 11.52% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 19.19% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.03% | 26.36% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 29.58% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.29% | 29.58% | -3.29% |
INTL.L vs. IAIX.L - Expense Ratio Comparison
INTL.L has a 0.40% expense ratio, which is higher than IAIX.L's 0.35% expense ratio.
Dividends
INTL.L vs. IAIX.L - Dividend Comparison
Neither INTL.L nor IAIX.L has paid dividends to shareholders.
Frequently Asked Questions
INTL.L and IAIX.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAIX.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAIX.L is cheaper with a 0.35% expense ratio, compared with 0.40% for INTL.L.
INTL.L tracks MSCI World/Information Tech NR USD, while IAIX.L tracks S&P Kensho Global AI Enablers Screened Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.40% for INTL.L and 0.35% for IAIX.L.
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