LDEG.L vs. AIAI.L

Last updated Jun 5, 2026

LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and AIAI.L (L&G Artificial Intelligence UCITS ETF) are both exchange-traded funds - LDEG.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while AIAI.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, LDEG.L returned 16.11%/yr vs 19.38%/yr for AIAI.L. At a 0.38 correlation, their price movements are largely independent. LDEG.L charges 0.25%/yr vs 0.49%/yr for AIAI.L.

Performance

LDEG.L vs. AIAI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) and L&G Artificial Intelligence UCITS ETF (AIAI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDEG.L is traded in GBp, while AIAI.L is traded in USD. To make them comparable, the AIAI.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDEG.L achieves a 10.41% return, which is significantly lower than AIAI.L's 42.93% return.

LDEG.L

• 1D: 0.89%
• 1M: -0.33%
• YTD: 10.41%
• 6M: 14.16%
• 1Y: 30.16%
• 3Y*: 23.92%
• 5Y*: 16.11%
• 10Y*: —

AIAI.L

• 1D: -1.48%
• 1M: 21.77%
• YTD: 42.93%
• 6M: 39.37%
• 1Y: 79.46%
• 3Y*: 34.61%
• 5Y*: 19.38%
• 10Y*: —

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

LDEG.L vs. AIAI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	10.41%	44.92%	8.83%	14.32%	3.42%	2.83%
AIAI.L L&G Artificial Intelligence UCITS ETF	42.93%	21.02%	20.52%	51.61%	-33.19%	14.63%

Correlation

The correlation between LDEG.L and AIAI.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.38

LDEG.L vs. AIAI.L - Sectors Allocation Comparison

Sectors	LDEG.L	AIAI.L
Financial Services	41.5%	1.3%
Industrials	15.8%	1.1%
Basic Materials	9.9%	-
Utilities	8.2%	-
Energy	7.7%	-
Communication Services	5.2%	10.3%
Healthcare	3.4%	5.7%
Consumer Cyclical	3.3%	9.2%
Consumer Defensive	3.1%	-
Technology	2.0%	71.5%
Real Estate	-	0.9%

Return for Risk

LDEG.L vs. AIAI.L — Risk / Return Rank

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

LDEG.L

LDEG.L Risk / Return Rank: 78
LDEG.L Sharpe Ratio Rank: 82
LDEG.L Sortino Ratio Rank: 80
LDEG.L Omega Ratio Rank: 80
LDEG.L Calmar Ratio Rank: 76
LDEG.L Martin Ratio Rank: 74

AIAI.L

AIAI.L Risk / Return Rank: 83
AIAI.L Sharpe Ratio Rank: 89
AIAI.L Sortino Ratio Rank: 83
AIAI.L Omega Ratio Rank: 78
AIAI.L Calmar Ratio Rank: 86
AIAI.L Martin Ratio Rank: 77

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.

LDEG.L vs. AIAI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) and L&G Artificial Intelligence UCITS ETF (AIAI.L). 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.

	LDEG.L	AIAI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	3.12	-0.49
Sortino ratio: Return per unit of downside risk	3.52	3.74	-0.22
Omega ratio: Gain probability vs. loss probability	1.48	1.48	0.00
Calmar ratio: Return relative to maximum drawdown	3.78	4.83	-1.05
Martin ratio: Return relative to average drawdown	13.82	12.82	+1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDEG.L vs. AIAI.L - Sharpe Ratio Comparison

The current LDEG.L Sharpe Ratio is 2.63, which is comparable to the AIAI.L Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of LDEG.L and AIAI.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDEG.L	AIAI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	3.12	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	0.71	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.76	+0.48

Drawdowns

LDEG.L vs. AIAI.L - Drawdown Comparison

The maximum LDEG.L drawdown since its inception was -15.97%, smaller than the maximum AIAI.L drawdown of -41.66%. Use the drawdown chart below to compare losses from any high point for LDEG.L and AIAI.L.

Drawdown Indicators

	LDEG.L	AIAI.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.97%	-41.66%	+25.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-16.75%	+8.71%
Max Drawdown (3Y) Largest decline over 3 years	-12.05%	-31.03%	+18.98%
Max Drawdown (5Y) Largest decline over 5 years	-15.97%	-41.66%	+25.69%
Current Drawdown Current decline from peak	-1.33%	-1.48%	+0.15%
Average Drawdown Average peak-to-trough decline	-2.95%	-12.31%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	6.32%	-4.12%

Volatility

LDEG.L vs. AIAI.L - Volatility Comparison

The current volatility for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) is 3.57%, while L&G Artificial Intelligence UCITS ETF (AIAI.L) has a volatility of 10.58%. This indicates that LDEG.L experiences smaller price fluctuations and is considered to be less risky than AIAI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDEG.L	AIAI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	10.58%	-7.01%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	19.88%	-10.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	25.97%	-14.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	27.39%	-11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	27.68%	-11.67%

LDEG.L vs. AIAI.L - Expense Ratio Comparison

LDEG.L has a 0.25% expense ratio, which is lower than AIAI.L's 0.49% expense ratio.

Dividends

LDEG.L vs. AIAI.L - Dividend Comparison

LDEG.L's dividend yield for the trailing twelve months is around 3.13%, while AIAI.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AIAI.L L&G Artificial Intelligence UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.43%	4.21%	4.11%	3.70%	3.11%

Frequently Asked Questions

Can I hold both LDEG.L and AIAI.L in my portfolio?

LDEG.L and AIAI.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDEG.L or AIAI.L?

On fees, LDEG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDEG.L or AIAI.L?

LDEG.L is cheaper with a 0.25% expense ratio, compared with 0.49% for AIAI.L.

What is the main difference between LDEG.L and AIAI.L?

LDEG.L is categorized as Europe Equities, while AIAI.L is Technology Equities. LDEG.L tracks MSCI Europe Ex UK NR EUR, while AIAI.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.25% for LDEG.L and 0.49% for AIAI.L.