IVAI.DE vs. VVSM.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - IVAI.DE is a Technology Equities fund tracking the S&P Kensho Global Artificial Intelligence Enablers Screened Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past year, IVAI.DE returned 73.80% vs 166.04% for VVSM.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
IVAI.DE vs. VVSM.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 VVSM.DE's 86.02% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.86%
- YTD
- 38.56%
- 6M
- 35.72%
- 1Y
- 73.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVSM.DE
- 1D
- -2.77%
- 1M
- 22.85%
- YTD
- 86.02%
- 6M
- 85.84%
- 1Y
- 166.04%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
IVAI.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | -0.19% |
Correlation
The correlation between IVAI.DE and VVSM.DE is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.76 |
The correlation between IVAI.DE and VVSM.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. VVSM.DE — Risk / Return Rank
IVAI.DE
VVSM.DE
IVAI.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.68 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 14.16 | -11.07 |
| Martin ratioReturn relative to average drawdown | 5.91 | 48.94 | -43.03 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 5.17 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.24 | -0.14 |
Drawdowns
IVAI.DE vs. VVSM.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, smaller than the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and VVSM.DE.
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Drawdown Indicators
| IVAI.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -37.64% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -11.65% | -12.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.64% | — |
Current DrawdownCurrent decline from peak | -3.53% | -2.77% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -10.22% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 3.38% | +9.07% |
Volatility
IVAI.DE vs. VVSM.DE - Volatility Comparison
The current volatility for Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) is 11.14%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that IVAI.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 12.04% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 24.35% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 31.92% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 31.15% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 30.81% | +5.58% |
IVAI.DE vs. VVSM.DE - Expense Ratio Comparison
Both IVAI.DE and VVSM.DE have an expense ratio of 0.35%.
Dividends
IVAI.DE vs. VVSM.DE - Dividend Comparison
Neither IVAI.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and VVSM.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IVAI.DE and VVSM.DE have the same expense ratio: 0.35% per year.
IVAI.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Invesco and VanEck.
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