IVAI.DE vs. ESIT.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and ESIT.DE (iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc)) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while ESIT.DE tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 60.98% for ESIT.DE. A 0.67 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.18%/yr for ESIT.DE.
Performance
IVAI.DE vs. ESIT.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 ESIT.DE's 52.07% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIT.DE
- 1D
- 0.17%
- 1M
- 17.90%
- YTD
- 52.07%
- 6M
- 48.91%
- 1Y
- 60.98%
- 3Y*
- 24.73%
- 5Y*
- 15.04%
- 10Y*
- —
IVAI.DE vs. ESIT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
ESIT.DE iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) | 52.07% | 10.07% | 2.56% |
Correlation
The correlation between IVAI.DE and ESIT.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.67 |
The correlation between IVAI.DE and ESIT.DE has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. ESIT.DE — Risk / Return Rank
IVAI.DE
ESIT.DE
IVAI.DE vs. ESIT.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 MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.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 | ESIT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 4.72 | -1.63 |
| Martin ratioReturn relative to average drawdown | 5.91 | 12.60 | -6.69 |
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 | ESIT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.38 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.72 | +0.38 |
Drawdowns
IVAI.DE vs. ESIT.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, smaller than the maximum ESIT.DE drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and ESIT.DE.
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Drawdown Indicators
| IVAI.DE | ESIT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -38.33% | +4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -13.03% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.33% | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.39% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -12.02% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 4.90% | +7.55% |
Volatility
IVAI.DE vs. ESIT.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.DE) at 10.57%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than ESIT.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 | ESIT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 10.57% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 21.01% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 25.89% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 25.75% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 25.30% | +11.09% |
IVAI.DE vs. ESIT.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than ESIT.DE's 0.18% expense ratio.
Dividends
IVAI.DE vs. ESIT.DE - Dividend Comparison
Neither IVAI.DE nor ESIT.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and ESIT.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for IVAI.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while ESIT.DE tracks MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for IVAI.DE and 0.18% for ESIT.DE.
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