TLH vs. AIAI.L
TLH (iShares 10-20 Year Treasury Bond ETF) and AIAI.L (L&G Artificial Intelligence UCITS ETF) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, 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, TLH returned -3.89%/yr vs 18.10%/yr for AIAI.L. At a 0.02 correlation, their price movements are largely independent. TLH charges 0.15%/yr vs 0.49%/yr for AIAI.L.
Performance
TLH vs. AIAI.L - Performance Comparison
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Returns By Period
In the year-to-date period, TLH achieves a -0.95% return, which is significantly lower than AIAI.L's 42.35% return.
TLH
- 1D
- -0.62%
- 1M
- -1.02%
- YTD
- -0.95%
- 6M
- -1.04%
- 1Y
- 3.54%
- 3Y*
- 0.36%
- 5Y*
- -3.89%
- 10Y*
- -0.87%
AIAI.L
- 1D
- -1.83%
- 1M
- 18.80%
- YTD
- 42.35%
- 6M
- 39.03%
- 1Y
- 75.99%
- 3Y*
- 38.01%
- 5Y*
- 18.10%
- 10Y*
- —
TLH vs. AIAI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | -0.95% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 1.27% |
AIAI.L L&G Artificial Intelligence UCITS ETF | 42.35% | 30.30% | 18.45% | 59.58% | -40.29% | 9.81% | 68.60% | 3.43% |
Correlation
The correlation between TLH and AIAI.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2019 | 0.02 |
The correlation between TLH and AIAI.L shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLH vs. AIAI.L — Risk / Return Rank
TLH
AIAI.L
TLH vs. AIAI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) 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.
| TLH | AIAI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.46 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 4.73 | -4.18 |
| Martin ratioReturn relative to average drawdown | 1.50 | 14.60 | -13.11 |
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
| TLH | AIAI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 3.00 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.63 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.77 | -0.50 |
Drawdowns
TLH vs. AIAI.L - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum AIAI.L drawdown of -49.61%. Use the drawdown chart below to compare losses from any high point for TLH and AIAI.L.
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Drawdown Indicators
| TLH | AIAI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -49.61% | +8.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -16.80% | +10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -29.96% | +14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -49.61% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -30.13% | -1.83% | -28.30% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -14.16% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 5.45% | -3.08% |
Volatility
TLH vs. AIAI.L - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.37%, while L&G Artificial Intelligence UCITS ETF (AIAI.L) has a volatility of 10.67%. This indicates that TLH 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.
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Volatility by Period
| TLH | AIAI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 10.67% | -8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 20.49% | -14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 26.55% | -18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 28.59% | -15.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 28.81% | -17.62% |
TLH vs. AIAI.L - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is lower than AIAI.L's 0.49% expense ratio.
Dividends
TLH vs. AIAI.L - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.50%, while AIAI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIAI.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.50% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
Frequently Asked Questions
TLH and AIAI.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLH is cheaper with a 0.15% expense ratio, compared with 0.49% for AIAI.L.
TLH is categorized as Government Bonds, while AIAI.L is Technology Equities. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while AIAI.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.15% for TLH and 0.49% for AIAI.L.
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