AIQ vs. IRBO
Compare and contrast key facts about Global X Artificial Intelligence & Technology ETF (AIQ) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
AIQ and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIQ is a passively managed fund by Global X that tracks the performance of the Indxx Artificial Intelligence & Big Data Index. It was launched on May 11, 2018. IRBO is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Robotics and Artificial Intelligence Index. It was launched on Jun 26, 2018. Both AIQ and IRBO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIQ or IRBO.
Key characteristics
| AIQ | IRBO | |
|---|---|---|
| YTD Return | 30.00% | 20.49% |
| 1Y Return | 15.64% | 5.97% |
| 5Y Return (Ann) | 11.95% | 6.54% |
| 10Y Return (Ann) | 12.14% | 6.54% |
| Sharpe Ratio | 0.54 | 0.21 |
| Daily Std Dev | 29.16% | 30.01% |
| Max Drawdown | -44.66% | -54.50% |
Correlation
The correlation between AIQ and IRBO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AIQ vs. IRBO - Performance Comparison
In the year-to-date period, AIQ achieves a 30.00% return, which is significantly higher than IRBO's 20.49% return. Over the past 10 years, AIQ has outperformed IRBO with an annualized return of 12.14%, while IRBO has yielded a comparatively lower 6.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
AIQ vs. IRBO - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.43%, less than IRBO's 0.62% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.43% | 0.56% | 0.15% | 0.51% | 0.51% | 0.52% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.62% | 0.75% | 2.43% | 0.54% | 0.71% | 0.35% |
AIQ vs. IRBO - Expense Ratio Comparison
AIQ vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.54 | ||||
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.21 |
AIQ vs. IRBO - Drawdown Comparison
The maximum AIQ drawdown for the period was -41.23%, roughly equal to the maximum IRBO drawdown of -50.58%. The drawdown chart below compares losses from any high point along the way for AIQ and IRBO
AIQ vs. IRBO - Volatility Comparison
Global X Artificial Intelligence & Technology ETF (AIQ) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) have volatilities of 5.50% and 5.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.