IVAI.DE vs. KROP.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while KROP.DE tracks the Solactive AgTech and Food Innovation. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 9.93% for KROP.DE. At a 0.29 correlation, their price movements are largely independent. IVAI.DE charges 0.35%/yr vs 0.50%/yr for KROP.DE.
Performance
IVAI.DE vs. KROP.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 KROP.DE's 17.14% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KROP.DE
- 1D
- 0.13%
- 1M
- -0.17%
- YTD
- 17.14%
- 6M
- 13.93%
- 1Y
- 9.93%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
IVAI.DE vs. KROP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.84% |
Correlation
The correlation between IVAI.DE and KROP.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.29 |
The correlation between IVAI.DE and KROP.DE shifts across timeframes, from 0.16 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IVAI.DE vs. KROP.DE — Risk / Return Rank
IVAI.DE
KROP.DE
IVAI.DE vs. KROP.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.12 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.04 | +2.05 |
| Martin ratioReturn relative to average drawdown | 5.91 | 2.21 | +3.70 |
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 | KROP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.62 | +1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | -0.47 | +1.57 |
Drawdowns
IVAI.DE vs. KROP.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, smaller than the maximum KROP.DE drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and KROP.DE.
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Drawdown Indicators
| IVAI.DE | KROP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -52.74% | +18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -9.22% | -14.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.28% | — |
Current DrawdownCurrent decline from peak | -3.53% | -41.08% | +37.55% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -36.46% | +25.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 4.34% | +8.11% |
Volatility
IVAI.DE vs. KROP.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) at 5.58%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 5.58% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 12.02% | +8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 15.43% | +19.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 19.64% | +16.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 19.64% | +16.75% |
IVAI.DE vs. KROP.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is lower than KROP.DE's 0.50% expense ratio.
Dividends
IVAI.DE vs. KROP.DE - Dividend Comparison
Neither IVAI.DE nor KROP.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and KROP.DE have a correlation of 0.16, 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 0.50% for KROP.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while KROP.DE tracks Solactive AgTech and Food Innovation. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.35% for IVAI.DE and 0.50% for KROP.DE.
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