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AIQ vs. IRBO

Last updated Jun 1, 2023

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


AIQIRBO
YTD Return30.00%20.49%
1Y Return15.64%5.97%
5Y Return (Ann)11.95%6.54%
10Y Return (Ann)12.14%6.54%
Sharpe Ratio0.540.21
Daily Std Dev29.16%30.01%
Max Drawdown-44.66%-54.50%

Correlation

0.92
-1.001.00

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.


-10.00%0.00%10.00%20.00%2023FebruaryMarchAprilMay
20.31%
14.00%
AIQ
IRBO

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.


TTM20222021202020192018
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 has a 0.68% expense ratio, which is higher than IRBO's 0.47% expense ratio.

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AIQ
Global X Artificial Intelligence & Technology ETF
0.54
IRBO
iShares Robotics and Artificial Intelligence Multisector ETF
0.21

AIQ vs. IRBO - Sharpe Ratio Comparison

The current AIQ Sharpe Ratio is 0.54, which is higher than the IRBO Sharpe Ratio of 0.21. The chart below compares the 12-month rolling Sharpe Ratio of AIQ and IRBO.


-1.00-0.500.000.502023FebruaryMarchAprilMay
0.54
0.21
AIQ
IRBO

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


-55.00%-50.00%-45.00%-40.00%-35.00%-30.00%-25.00%-20.00%2023FebruaryMarchAprilMay
-21.35%
-38.46%
AIQ
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.


4.00%6.00%8.00%10.00%12.00%2023FebruaryMarchAprilMay
5.50%
5.30%
AIQ
IRBO