IVAI.DE vs. AIAA.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, IVAI.DE returned 73.80% vs 6.16% for AIAA.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
IVAI.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IVAI.DE achieves a 38.56% return, which is significantly higher than AIAA.DE's -1.50% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.86%
- YTD
- 38.56%
- 6M
- 35.72%
- 1Y
- 73.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 5.90%
- YTD
- -1.50%
- 6M
- -0.98%
- 1Y
- 6.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVAI.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | -1.59% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between IVAI.DE and AIAA.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.67 |
The correlation between IVAI.DE and AIAA.DE has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. AIAA.DE — Risk / Return Rank
IVAI.DE
AIAA.DE
IVAI.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.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.
| IVAI.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.09 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 0.46 | +2.63 |
| Martin ratioReturn relative to average drawdown | 5.91 | 1.20 | +4.71 |
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
| IVAI.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.46 | +1.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.08 | +1.02 |
Drawdowns
IVAI.DE vs. AIAA.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and AIAA.DE.
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Drawdown Indicators
| IVAI.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -24.42% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -13.31% | -10.43% |
Current DrawdownCurrent decline from peak | -3.53% | -4.34% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -7.45% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 5.12% | +7.33% |
Volatility
IVAI.DE vs. AIAA.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVAI.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 3.63% | +7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 10.08% | +10.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 13.43% | +21.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 17.46% | +18.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 17.46% | +18.93% |
IVAI.DE vs. AIAA.DE - Expense Ratio Comparison
Both IVAI.DE and AIAA.DE have an expense ratio of 0.35%.
Dividends
IVAI.DE vs. AIAA.DE - Dividend Comparison
Neither IVAI.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and AIAA.DE have a correlation of 0.60, 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.
IVAI.DE and AIAA.DE have the same expense ratio: 0.35% per year.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: Invesco and iShares.
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