IVV.AX vs. AGIX

Last updated Jul 16, 2026

IVV.AX (iShares S&P 500 ETF) and AGIX (KraneShares Artificial Intelligence & Technology ETF) are both exchange-traded funds - IVV.AX is a S&P 500 fund tracking the S&P 500 Net TR Index (AUD), while AGIX is a Technology Equities fund tracking the Solactive Etna Artificial General Intelligence Index. Both are passively managed. Over the past year, IVV.AX returned 13.58% vs 31.88% for AGIX. At a 0.15 correlation, their price movements are largely independent. IVV.AX charges 0.04%/yr vs 1.00%/yr for AGIX.

Performance

IVV.AX vs. AGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares S&P 500 ETF (IVV.AX) and KraneShares Artificial Intelligence & Technology ETF (AGIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IVV.AX is traded in AUD, while AGIX is traded in USD. To make them comparable, the AGIX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IVV.AX achieves a 5.73% return, which is significantly lower than AGIX's 16.91% return.

IVV.AX

• 1D: -0.01%
• 1M: 1.88%
• 6M: 4.77%
• YTD: 5.73%
• 1Y: 13.58%
• 3Y*: 19.06%
• 5Y*: 95.84%
• 10Y*: 110.22%

AGIX

• 1D: -0.55%
• 1M: -5.25%
• 6M: 16.87%
• YTD: 16.91%
• 1Y: 31.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVV.AX vs. AGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IVV.AX iShares S&P 500 ETF	5.73%	9.09%	13.72%
AGIX KraneShares Artificial Intelligence & Technology ETF	16.91%	19.85%	22.38%

Correlation

The correlation between IVV.AX and AGIX 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 Jul 18, 2024	0.15

Return for Risk

IVV.AX vs. AGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVV.AX

IVV.AX Risk / Return Rank: 38
IVV.AX Sharpe Ratio Rank: 45
IVV.AX Sortino Ratio Rank: 42
IVV.AX Omega Ratio Rank: 45
IVV.AX Calmar Ratio Rank: 28
IVV.AX Martin Ratio Rank: 28

AGIX

AGIX Risk / Return Rank: 50
AGIX Sharpe Ratio Rank: 54
AGIX Sortino Ratio Rank: 50
AGIX Omega Ratio Rank: 49
AGIX Calmar Ratio Rank: 51
AGIX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVV.AX vs. AGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ETF (IVV.AX) and KraneShares Artificial Intelligence & Technology ETF (AGIX). 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.

	IVV.AX	AGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.30	+0.02
Sortino ratio: Return per unit of downside risk	1.84	1.81	+0.02
Omega ratio: Gain probability vs. loss probability	1.24	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	1.17	1.36	-0.19
Martin ratio: Return relative to average drawdown	3.14	3.26	-0.12

IVV.AX vs. AGIX - Sharpe Ratio Comparison

The current IVV.AX Sharpe Ratio is 1.32, which is comparable to the AGIX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IVV.AX and AGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVV.AX vs. AGIX - Drawdown Comparison

The maximum IVV.AX drawdown since its inception was -38.37%, which is greater than AGIX's maximum drawdown of -28.91%. Use the drawdown chart below to compare losses from any high point for IVV.AX and AGIX.

Drawdown Indicators

	IVV.AX	AGIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.37%	-28.91%	-9.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-23.49%	+11.89%
Max Drawdown (3Y) Largest decline over 3 years	-17.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.89%	—	—
Current Drawdown Current decline from peak	-0.42%	-7.75%	+7.33%
Average Drawdown Average peak-to-trough decline	-9.46%	-6.92%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	9.79%	-5.38%

Volatility

IVV.AX vs. AGIX - Volatility Comparison

The current volatility for iShares S&P 500 ETF (IVV.AX) is 2.53%, while KraneShares Artificial Intelligence & Technology ETF (AGIX) has a volatility of 8.82%. This indicates that IVV.AX experiences smaller price fluctuations and is considered to be less risky than AGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVV.AX	AGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	8.82%	-6.29%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	20.42%	-12.61%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	24.59%	-14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	583.29%	27.38%	+555.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	772.05%	27.38%	+744.67%

IVV.AX vs. AGIX - Expense Ratio Comparison

IVV.AX has a 0.04% expense ratio, which is lower than AGIX's 1.00% expense ratio.

Dividends

IVV.AX vs. AGIX - Dividend Comparison

IVV.AX's dividend yield for the trailing twelve months is around 0.75%, less than AGIX's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGIX KraneShares Artificial Intelligence & Technology ETF	0.98%	1.21%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVV.AX iShares S&P 500 ETF	0.75%	0.73%	1.12%	1.67%	101.56%	79.67%	5.54%	19.41%	0.00%	0.00%	6.28%	6.83%

Frequently Asked Questions

Can I hold both IVV.AX and AGIX in my portfolio?

IVV.AX and AGIX 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.

Which ETF is better, IVV.AX or AGIX?

On fees, IVV.AX is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVV.AX or AGIX?

IVV.AX is cheaper with a 0.04% expense ratio, compared with 1.00% for AGIX.

What is the main difference between IVV.AX and AGIX?

IVV.AX is categorized as S&P 500, while AGIX is Technology Equities. IVV.AX tracks S&P 500 Net TR Index (AUD), while AGIX tracks Solactive Etna Artificial General Intelligence Index. They also come from different issuers: iShares and Kraneshares. Their fees differ too: 0.04% for IVV.AX and 1.00% for AGIX.