EATZ vs. IRBO
Compare and contrast key facts about AdvisorShares Restaurant ETF (EATZ) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
EATZ and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EATZ is an actively managed fund by AdvisorShares. It was launched on Apr 20, 2021. 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: EATZ or IRBO.
Key characteristics
| EATZ | IRBO | |
|---|---|---|
| YTD Return | 2.92% | -6.30% |
| 1Y Return | 15.58% | 13.03% |
| 3Y Return (Ann) | -2.25% | -8.17% |
| Sharpe Ratio | 0.91 | 0.57 |
| Daily Std Dev | 17.16% | 20.00% |
| Max Drawdown | -34.40% | -54.50% |
| Current Drawdown | -6.80% | -34.74% |
Correlation
The correlation between EATZ and IRBO is 0.67, 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
EATZ vs. IRBO - Performance Comparison
In the year-to-date period, EATZ achieves a 2.92% return, which is significantly higher than IRBO's -6.30% return. 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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EATZ vs. IRBO - Expense Ratio Comparison
EATZ has a 0.79% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
EATZ vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Restaurant ETF (EATZ) 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
EATZ vs. IRBO - Dividend Comparison
EATZ's dividend yield for the trailing twelve months is around 0.48%, less than IRBO's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EATZ AdvisorShares Restaurant ETF | 0.48% | 0.49% | 2.35% | 0.15% | 0.00% | 0.00% | 0.00% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.94% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
Drawdowns
EATZ vs. IRBO - Drawdown Comparison
The maximum EATZ drawdown since its inception was -34.40%, smaller than the maximum IRBO drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for EATZ and IRBO. For additional features, visit the drawdowns tool.
Volatility
EATZ vs. IRBO - Volatility Comparison
The current volatility for AdvisorShares Restaurant ETF (EATZ) is 5.17%, while iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a volatility of 6.20%. This indicates that EATZ 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.