IVAI.DE vs. ZPDT.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 48.51% for ZPDT.DE. Their correlation of 0.81 suggests significant overlap in exposure. IVAI.DE charges 0.35%/yr vs 0.15%/yr for ZPDT.DE.
Performance
IVAI.DE vs. ZPDT.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 ZPDT.DE's 24.09% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPDT.DE
- 1D
- -2.28%
- 1M
- 11.72%
- YTD
- 24.09%
- 6M
- 22.52%
- 1Y
- 48.51%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
IVAI.DE vs. ZPDT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 6.17% |
Correlation
The correlation between IVAI.DE and ZPDT.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.81 |
The correlation between IVAI.DE and ZPDT.DE has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. ZPDT.DE — Risk / Return Rank
IVAI.DE
ZPDT.DE
IVAI.DE vs. ZPDT.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 S&P US Technology Select Sector UCITS ETF (ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.19 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.91 | 8.35 | -2.44 |
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 | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.43 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.99 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.03 | +0.07 |
Drawdowns
IVAI.DE vs. ZPDT.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, which is greater than ZPDT.DE's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and ZPDT.DE.
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Drawdown Indicators
| IVAI.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -31.48% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -15.47% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.48% | — |
Current DrawdownCurrent decline from peak | -3.53% | -3.09% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -5.68% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 5.91% | +6.54% |
Volatility
IVAI.DE vs. ZPDT.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) at 7.06%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 7.06% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 14.78% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 20.30% | +15.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 22.33% | +14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 21.38% | +15.01% |
IVAI.DE vs. ZPDT.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than ZPDT.DE's 0.15% expense ratio.
Dividends
IVAI.DE vs. ZPDT.DE - Dividend Comparison
Neither IVAI.DE nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and ZPDT.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for IVAI.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.35% for IVAI.DE and 0.15% for ZPDT.DE.
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