BTEK vs. IRBO
Compare and contrast key facts about Future Tech ETF (BTEK) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
BTEK and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTEK is an actively managed fund by Blackrock Financial Management. It was launched on Sep 29, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTEK or IRBO.
Key characteristics
| BTEK | IRBO |
|---|
Correlation
The correlation between BTEK and IRBO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTEK vs. IRBO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BTEK vs. IRBO - Expense Ratio Comparison
BTEK has a 0.88% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
BTEK vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Future Tech ETF (BTEK) 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
BTEK vs. IRBO - Dividend Comparison
Neither BTEK nor IRBO has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BTEK Future Tech ETF | 100.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.81% | 0.88% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% |
Drawdowns
BTEK vs. IRBO - Drawdown Comparison
Volatility
BTEK vs. IRBO - Volatility Comparison
The current volatility for Future Tech ETF (BTEK) is 0.00%, while iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a volatility of 7.79%. This indicates that BTEK experiences smaller price fluctuations and is considered to be less risky than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.