CLIX vs. ROBT
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT).
CLIX and ROBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 2018. Both CLIX and ROBT 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: CLIX or ROBT.
Performance
CLIX vs. ROBT - Performance Comparison
Returns By Period
In the year-to-date period, CLIX achieves a 23.04% return, which is significantly higher than ROBT's -1.16% return.
CLIX
23.04%
-0.56%
6.74%
29.56%
0.21%
N/A
ROBT
-1.16%
1.61%
2.37%
9.88%
6.70%
N/A
Key characteristics
| CLIX | ROBT | |
|---|---|---|
| Sharpe Ratio | 1.73 | 0.53 |
| Sortino Ratio | 2.37 | 0.85 |
| Omega Ratio | 1.29 | 1.10 |
| Calmar Ratio | 0.48 | 0.32 |
| Martin Ratio | 8.01 | 1.66 |
| Ulcer Index | 3.92% | 6.61% |
| Daily Std Dev | 18.10% | 20.85% |
| Max Drawdown | -73.21% | -44.47% |
| Current Drawdown | -54.67% | -23.59% |
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CLIX vs. ROBT - Expense Ratio Comparison
Both CLIX and ROBT have an expense ratio of 0.65%.
Correlation
The correlation between CLIX and ROBT is 0.65, 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.
Risk-Adjusted Performance
CLIX vs. ROBT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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
CLIX vs. ROBT - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.45%, more than ROBT's 0.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.45% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 0.25% | 0.24% | 0.36% | 0.06% | 0.17% | 0.42% | 0.44% |
Drawdowns
CLIX vs. ROBT - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than ROBT's maximum drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for CLIX and ROBT. For additional features, visit the drawdowns tool.
Volatility
CLIX vs. ROBT - Volatility Comparison
The current volatility for ProShares Long Online/Short Stores ETF (CLIX) is 4.66%, while First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a volatility of 6.74%. This indicates that CLIX experiences smaller price fluctuations and is considered to be less risky than ROBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.