SEMI.AS vs. AINF.L
SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and AINF.L (iShares AI Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - SEMI.AS is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while AINF.L is a Technology Equities fund tracking the STOXX Global AI Infrastructure Net Index. Both are passively managed. Over the past year, SEMI.AS returned 191.43% vs 112.72% for AINF.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
SEMI.AS vs. AINF.L - Performance Comparison
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Different Trading Currencies
SEMI.AS is traded in USD, while AINF.L is traded in GBP. To make them comparable, the AINF.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEMI.AS achieves a 102.46% return, which is significantly higher than AINF.L's 60.17% return.
SEMI.AS
- 1D
- -7.11%
- 1M
- 12.96%
- YTD
- 102.46%
- 6M
- 105.22%
- 1Y
- 191.43%
- 3Y*
- 61.99%
- 5Y*
- —
- 10Y*
- —
AINF.L
- 1D
- 0.00%
- 1M
- 10.95%
- YTD
- 60.17%
- 6M
- 60.76%
- 1Y
- 112.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SEMI.AS vs. AINF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 102.46% | 52.80% | -0.14% |
AINF.L iShares AI Infrastructure UCITS ETF USD (Acc) | 60.17% | 44.91% | -1.45% |
Correlation
The correlation between SEMI.AS and AINF.L is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | 0.88 |
The correlation between SEMI.AS and AINF.L has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
SEMI.AS vs. AINF.L — Risk / Return Rank
SEMI.AS
AINF.L
SEMI.AS vs. AINF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.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.
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.
| SEMI.AS | AINF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.60 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 12.89 | 3.68 | +9.21 |
| Martin ratioReturn relative to average drawdown | 45.20 | 7.11 | +38.09 |
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Drawdowns
SEMI.AS vs. AINF.L - Drawdown Comparison
The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than AINF.L's maximum drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and AINF.L.
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Drawdown Indicators
| SEMI.AS | AINF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -30.61% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -30.61% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | -0.04% | -7.07% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -10.16% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 15.85% | -11.67% |
Volatility
SEMI.AS vs. AINF.L - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 15.24% compared to iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.L) at 10.55%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than AINF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMI.AS | AINF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.24% | 10.55% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 28.92% | 20.43% | +8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 49.88% | -14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 44.41% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 44.41% | -12.35% |
SEMI.AS vs. AINF.L - Expense Ratio Comparison
Both SEMI.AS and AINF.L have an expense ratio of 0.35%.
Dividends
SEMI.AS vs. AINF.L - Dividend Comparison
Neither SEMI.AS nor AINF.L has paid dividends to shareholders.
Frequently Asked Questions
SEMI.AS and AINF.L have a correlation of 0.87, 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.
SEMI.AS and AINF.L have the same expense ratio: 0.35% per year.
SEMI.AS is categorized as Semiconductors, while AINF.L is Technology Equities. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while AINF.L tracks STOXX Global AI Infrastructure Net Index.
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