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.
Correlation
The correlation between AIQ and IRBO is 0.90, 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.
Performance
AIQ vs. IRBO - Performance Comparison
Key characteristics
Returns By Period
AIQ
2.12%
1.29%
12.45%
26.05%
16.18%
N/A
IRBO
N/A
N/A
N/A
N/A
N/A
N/A
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AIQ vs. IRBO - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
AIQ vs. IRBO — Risk-Adjusted Performance Rank
AIQ
IRBO
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.
Dividends
AIQ vs. IRBO - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.14%, while IRBO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.35% | 0.35% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% |
Drawdowns
AIQ vs. IRBO - Drawdown Comparison
Volatility
AIQ vs. IRBO - Volatility Comparison
Global X Artificial Intelligence & Technology ETF (AIQ) has a higher volatility of 6.34% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 0.00%. This indicates that AIQ's price experiences larger fluctuations and is considered to be riskier than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.