UIC2.DE vs. AIAA.DE
UIC2.DE (UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - UIC2.DE tracks the Solactive China Technology while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, UIC2.DE returned 0.73% vs 6.08% for AIAA.DE. At a 0.35 correlation, their price movements are largely independent. UIC2.DE charges 0.47%/yr vs 0.35%/yr for AIAA.DE.
Performance
UIC2.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIC2.DE achieves a -6.51% return, which is significantly lower than AIAA.DE's -1.50% return.
UIC2.DE
- 1D
- -0.65%
- 1M
- -1.09%
- YTD
- -6.51%
- 6M
- -8.96%
- 1Y
- 0.73%
- 3Y*
- 8.94%
- 5Y*
- -8.06%
- 10Y*
- —
AIAA.DE
- 1D
- 1.37%
- 1M
- 4.93%
- YTD
- -1.50%
- 6M
- -1.86%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UIC2.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UIC2.DE UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc | -6.51% | 25.73% | -4.86% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between UIC2.DE and AIAA.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.35 |
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Return for Risk
UIC2.DE vs. AIAA.DE — Risk / Return Rank
UIC2.DE
AIAA.DE
UIC2.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (UIC2.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.
| UIC2.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.46 | -0.44 |
| Martin ratioReturn relative to average drawdown | 0.04 | 1.20 | -1.16 |
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
| UIC2.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.46 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.08 | -0.33 |
Drawdowns
UIC2.DE vs. AIAA.DE - Drawdown Comparison
The maximum UIC2.DE drawdown since its inception was -63.35%, 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 UIC2.DE and AIAA.DE.
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Drawdown Indicators
| UIC2.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.35% | -24.42% | -38.93% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -13.31% | -17.33% |
Max Drawdown (3Y)Largest decline over 3 years | -30.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.26% | — | — |
Current DrawdownCurrent decline from peak | -39.60% | -4.34% | -35.26% |
Average DrawdownAverage peak-to-trough decline | -42.07% | -7.45% | -34.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.47% | 5.12% | +13.35% |
Volatility
UIC2.DE vs. AIAA.DE - Volatility Comparison
UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (UIC2.DE) has a higher volatility of 10.04% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that UIC2.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
| UIC2.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 3.63% | +6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.36% | 10.08% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.06% | 13.43% | +19.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 17.46% | +20.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.40% | 17.46% | +19.94% |
UIC2.DE vs. AIAA.DE - Expense Ratio Comparison
UIC2.DE has a 0.47% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
UIC2.DE vs. AIAA.DE - Dividend Comparison
Neither UIC2.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
UIC2.DE and AIAA.DE have a correlation of 0.35, 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 0.47% for UIC2.DE.
UIC2.DE tracks Solactive China Technology, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.47% for UIC2.DE and 0.35% for AIAA.DE.
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