IVAI.DE vs. ETLH.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and ETLH.DE (L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while ETLH.DE tracks the Solactive eCommerce Logistics. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 4.62% for ETLH.DE. A 0.63 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.49%/yr for ETLH.DE.
Performance
IVAI.DE vs. ETLH.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 ETLH.DE's 0.49% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.11%
- YTD
- 0.49%
- 6M
- 1.45%
- 1Y
- 4.62%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
IVAI.DE vs. ETLH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 0.92% |
Correlation
The correlation between IVAI.DE and ETLH.DE is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.63 |
The correlation between IVAI.DE and ETLH.DE has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. ETLH.DE — Risk / Return Rank
IVAI.DE
ETLH.DE
IVAI.DE vs. ETLH.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 Ecommerce Logistics UCITS ETF (ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.06 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 0.37 | +2.72 |
| Martin ratioReturn relative to average drawdown | 5.91 | 0.96 | +4.95 |
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 | ETLH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.32 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.56 | +0.54 |
Drawdowns
IVAI.DE vs. ETLH.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, which is greater than ETLH.DE's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and ETLH.DE.
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Drawdown Indicators
| IVAI.DE | ETLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -27.60% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -12.61% | -11.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.37% | — |
Current DrawdownCurrent decline from peak | -3.53% | -7.50% | +3.97% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -8.28% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 4.89% | +7.56% |
Volatility
IVAI.DE vs. ETLH.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to L&G Ecommerce Logistics UCITS ETF (ETLH.DE) at 4.00%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 4.00% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 10.62% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 14.85% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 16.60% | +19.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 17.49% | +18.90% |
IVAI.DE vs. ETLH.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is lower than ETLH.DE's 0.49% expense ratio.
Dividends
IVAI.DE vs. ETLH.DE - Dividend Comparison
Neither IVAI.DE nor ETLH.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and ETLH.DE have a correlation of 0.58, 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 ETLH.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while ETLH.DE tracks Solactive eCommerce Logistics. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.35% for IVAI.DE and 0.49% for ETLH.DE.
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