IVAI.DE vs. SPYK.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past year, IVAI.DE returned 62.13% vs 55.99% for SPYK.DE. A 0.67 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.18%/yr for SPYK.DE.
Performance
IVAI.DE vs. SPYK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IVAI.DE achieves a 29.37% return, which is significantly lower than SPYK.DE's 44.14% return.
IVAI.DE
- 1D
- 0.00%
- 1M
- -1.20%
- YTD
- 29.37%
- 6M
- 30.65%
- 1Y
- 62.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYK.DE
- 1D
- 1.00%
- 1M
- 2.43%
- YTD
- 44.14%
- 6M
- 45.93%
- 1Y
- 55.99%
- 3Y*
- 24.01%
- 5Y*
- 13.45%
- 10Y*
- 16.97%
IVAI.DE vs. SPYK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 29.37% | 15.37% | 6.83% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 44.14% | 10.46% | 2.94% |
Correlation
The correlation between IVAI.DE and SPYK.DE is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.67 |
The correlation between IVAI.DE and SPYK.DE has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. SPYK.DE — Risk / Return Rank
IVAI.DE
SPYK.DE
IVAI.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVAI.DE | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 4.38 | -1.76 |
| Martin ratioReturn relative to average drawdown | 4.93 | 11.62 | -6.68 |
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Drawdowns
IVAI.DE vs. SPYK.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, smaller than the maximum SPYK.DE drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and SPYK.DE.
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Drawdown Indicators
| IVAI.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -38.45% | +4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -12.73% | -11.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -9.93% | -4.05% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -8.54% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 4.81% | +7.78% |
Volatility
IVAI.DE vs. SPYK.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 10.12% compared to SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) at 9.32%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 9.32% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 20.71% | 21.99% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.88% | 26.64% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.18% | 26.02% | +10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.18% | 24.20% | +11.98% |
IVAI.DE vs. SPYK.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
IVAI.DE vs. SPYK.DE - Dividend Comparison
Neither IVAI.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and SPYK.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.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 SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.35% for IVAI.DE and 0.18% for SPYK.DE.
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