L0CK.DE vs. AIAA.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds from iShares - L0CK.DE tracks the STOXX® Global Digital Security while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, L0CK.DE returned 22.61% vs 6.16% for AIAA.DE. A 0.75 correlation means they provide meaningful diversification when combined. L0CK.DE charges 0.40%/yr vs 0.35%/yr for AIAA.DE.
Performance
L0CK.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly higher than AIAA.DE's -1.50% return.
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 5.90%
- YTD
- -1.50%
- 6M
- -0.98%
- 1Y
- 6.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
L0CK.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | -3.74% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between L0CK.DE and AIAA.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.75 |
The correlation between L0CK.DE and AIAA.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
L0CK.DE vs. AIAA.DE — Risk / Return Rank
L0CK.DE
AIAA.DE
L0CK.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.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.
| L0CK.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.46 | +1.34 |
| Martin ratioReturn relative to average drawdown | 4.44 | 1.20 | +3.24 |
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
| L0CK.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.46 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.08 | +0.52 |
Drawdowns
L0CK.DE vs. AIAA.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and AIAA.DE.
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Drawdown Indicators
| L0CK.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -24.42% | -8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -13.31% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -4.34% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -7.45% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 5.12% | -0.04% |
Volatility
L0CK.DE vs. AIAA.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a higher volatility of 8.18% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that L0CK.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L0CK.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 3.63% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 10.08% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 13.43% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 17.46% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 17.46% | +2.75% |
L0CK.DE vs. AIAA.DE - Expense Ratio Comparison
L0CK.DE has a 0.40% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
L0CK.DE vs. AIAA.DE - Dividend Comparison
Neither L0CK.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and AIAA.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIAA.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for L0CK.DE.
L0CK.DE tracks STOXX® Global Digital Security, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. Their fees differ too: 0.40% for L0CK.DE and 0.35% for AIAA.DE.
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