FTV vs. IRBO

Last updated Jun 5, 2026

FTV (Fortive Corporation) is a stock, while IRBO (iShares Robotics and Artificial Intelligence Multisector ETF) is Robotics fund tracking the NYSE FactSet Global Robotics and Artificial Intelligence Index. Over the past 5 years, FTV returned 2.55%/yr vs 13.66%/yr for IRBO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

FTV vs. IRBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortive Corporation (FTV) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTV achieves a 11.46% return, which is significantly lower than IRBO's 62.72% return.

FTV

• 1D: 1.44%
• 1M: 1.29%
• YTD: 11.46%
• 6M: 15.28%
• 1Y: 13.93%
• 3Y*: 7.30%
• 5Y*: 2.55%
• 10Y*: —

IRBO

• 1D: -2.02%
• 1M: 20.25%
• YTD: 62.72%
• 6M: 59.32%
• 1Y: 106.59%
• 3Y*: 35.80%
• 5Y*: 13.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTV vs. IRBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FTV Fortive Corporation	11.46%	-1.77%	2.28%	15.08%	-15.41%	8.14%	11.23%	13.33%	-10.58%
IRBO iShares Robotics and Artificial Intelligence Multisector ETF	62.72%	29.97%	8.02%	36.37%	-37.89%	6.32%	48.85%	34.47%	-14.31%

Correlation

The correlation between FTV and IRBO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018	0.52

Over the past year, the correlation between FTV and IRBO has dropped to 0.20 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

FTV vs. IRBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTV

FTV Risk / Return Rank: 57
FTV Sharpe Ratio Rank: 60
FTV Sortino Ratio Rank: 54
FTV Omega Ratio Rank: 52
FTV Calmar Ratio Rank: 61
FTV Martin Ratio Rank: 59

IRBO

IRBO Risk / Return Rank: 89
IRBO Sharpe Ratio Rank: 94
IRBO Sortino Ratio Rank: 88
IRBO Omega Ratio Rank: 86
IRBO Calmar Ratio Rank: 91
IRBO Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTV vs. IRBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortive Corporation (FTV) 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.

	FTV	IRBO	Difference
Sharpe ratio: Return per unit of total volatility	0.55	3.57	-3.03
Sortino ratio: Return per unit of downside risk	1.00	3.97	-2.97
Omega ratio: Gain probability vs. loss probability	1.12	1.52	-0.40
Calmar ratio: Return relative to maximum drawdown	0.90	5.70	-4.80
Martin ratio: Return relative to average drawdown	1.78	19.78	-18.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTV vs. IRBO - Sharpe Ratio Comparison

The current FTV Sharpe Ratio is 0.55, which is lower than the IRBO Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of FTV and IRBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTV	IRBO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	3.57	-3.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.48	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.62	-0.34

Drawdowns

FTV vs. IRBO - Drawdown Comparison

The maximum FTV drawdown since its inception was -52.65%, roughly equal to the maximum IRBO drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for FTV and IRBO.

Drawdown Indicators

	FTV	IRBO	Difference
Max Drawdown Largest peak-to-trough decline	-52.65%	-54.50%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-18.81%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-28.03%	-32.44%	+4.41%
Max Drawdown (5Y) Largest decline over 5 years	-32.10%	-50.53%	+18.43%
Current Drawdown Current decline from peak	-4.54%	-2.91%	-1.63%
Average Drawdown Average peak-to-trough decline	-11.33%	-19.84%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.84%	5.41%	+2.43%

Volatility

FTV vs. IRBO - Volatility Comparison

The current volatility for Fortive Corporation (FTV) is 5.17%, while iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a volatility of 12.28%. This indicates that FTV 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.

Volatility by Period

	FTV	IRBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	12.28%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	20.38%	25.22%	-4.84%
Volatility (1Y) Calculated over the trailing 1-year period	25.64%	30.01%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.03%	28.60%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.47%	27.75%	-1.28%

Dividends

FTV vs. IRBO - Dividend Comparison

FTV's dividend yield for the trailing twelve months is around 0.37%, while IRBO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTV Fortive Corporation	0.37%	0.53%	0.43%	0.39%	0.44%	0.37%	0.35%	0.37%	0.41%	0.39%	0.26%
IRBO iShares Robotics and Artificial Intelligence Multisector ETF	0.00%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTV and IRBO in my portfolio?

FTV and IRBO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTV or IRBO?

IRBO has higher volatility (12.28%) compared to FTV (5.17%). In terms of maximum drawdown, FTV dropped -52.65% vs IRBO's -54.50%.

Which has better risk-adjusted returns?

IRBO currently has the higher Sharpe Ratio (3.57 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.