IVAI.DE vs. ES6Y.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while ES6Y.DE tracks the Solactive Emerging Cyber Security. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 55.75% for ES6Y.DE. A 0.75 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.49%/yr for ES6Y.DE.
Performance
IVAI.DE vs. ES6Y.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 lower than ES6Y.DE's 59.99% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ES6Y.DE
- 1D
- -0.82%
- 1M
- 24.88%
- YTD
- 59.99%
- 6M
- 53.39%
- 1Y
- 55.75%
- 3Y*
- 33.66%
- 5Y*
- —
- 10Y*
- —
IVAI.DE vs. ES6Y.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 59.99% | -9.21% | 16.94% |
Correlation
The correlation between IVAI.DE and ES6Y.DE is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.75 |
The correlation between IVAI.DE and ES6Y.DE has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. ES6Y.DE — Risk / Return Rank
IVAI.DE
ES6Y.DE
IVAI.DE vs. ES6Y.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 L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.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 | ES6Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.77 | -0.68 |
| Martin ratioReturn relative to average drawdown | 5.91 | 9.25 | -3.34 |
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 | ES6Y.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.18 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.99 | +0.11 |
Drawdowns
IVAI.DE vs. ES6Y.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, roughly equal to the maximum ES6Y.DE drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and ES6Y.DE.
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Drawdown Indicators
| IVAI.DE | ES6Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -34.72% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -15.05% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.72% | — |
Current DrawdownCurrent decline from peak | -3.53% | -1.36% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -9.52% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 6.15% | +6.30% |
Volatility
IVAI.DE vs. ES6Y.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) at 10.01%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than ES6Y.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 | ES6Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 10.01% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 20.66% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 26.06% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 26.64% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 26.64% | +9.75% |
IVAI.DE vs. ES6Y.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is lower than ES6Y.DE's 0.49% expense ratio.
Dividends
IVAI.DE vs. ES6Y.DE - Dividend Comparison
Neither IVAI.DE nor ES6Y.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and ES6Y.DE have a correlation of 0.71, 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 0.49% for ES6Y.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while ES6Y.DE tracks Solactive Emerging Cyber Security. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.35% for IVAI.DE and 0.49% for ES6Y.DE.
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