HTEC vs. IRBO

Last updated Jun 24, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and IRBO (iShares Future AI & Tech ETF) are both exchange-traded funds - HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index, while IRBO is a Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index. Both are passively managed. Over the past 5 years, HTEC returned -5.86%/yr vs 11.69%/yr for IRBO. A 0.72 correlation means they provide meaningful diversification when combined. HTEC charges 0.68%/yr vs 0.47%/yr for IRBO.

Performance

HTEC vs. IRBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and iShares Future AI & Tech ETF (IRBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTEC achieves a -0.55% return, which is significantly lower than IRBO's 54.55% return.

HTEC

• 1D: 1.26%
• 1M: 2.81%
• YTD: -0.55%
• 6M: -2.52%
• 1Y: 28.67%
• 3Y*: 6.38%
• 5Y*: -5.86%
• 10Y*: —

IRBO

• 1D: -6.30%
• 1M: 8.26%
• YTD: 54.55%
• 6M: 54.11%
• 1Y: 93.11%
• 3Y*: 33.04%
• 5Y*: 11.69%
• 10Y*: —

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

HTEC vs. IRBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HTEC ROBO Global Healthcare Technology and Innovation ETF	-0.55%	23.91%	2.68%	-2.94%	-33.72%	-0.28%	65.01%	8.28%
IRBO iShares Future AI & Tech ETF	54.55%	29.97%	8.02%	36.37%	-37.89%	6.32%	48.85%	10.26%

Correlation

The correlation between HTEC and IRBO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019	0.72

Over the past year, the correlation between HTEC and IRBO has dropped to 0.39 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

HTEC vs. IRBO - Sectors Allocation Comparison

Sectors	HTEC	IRBO
Healthcare	77.3%	0.0%
Financial Services	3.9%	-
Technology	3.7%	83.8%
Industrials	1.3%	4.7%
Energy	1.2%	-
Basic Materials	-	-
Communication Services	-	5.5%
Consumer Cyclical	-	2.9%
Consumer Defensive	-	0.0%
Real Estate	-	1.2%
Utilities	-	3.2%

Return for Risk

HTEC vs. IRBO — Risk / Return Rank

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

HTEC

HTEC Risk / Return Rank: 38
HTEC Sharpe Ratio Rank: 41
HTEC Sortino Ratio Rank: 43
HTEC Omega Ratio Rank: 37
HTEC Calmar Ratio Rank: 37
HTEC Martin Ratio Rank: 31

IRBO

IRBO Risk / Return Rank: 81
IRBO Sharpe Ratio Rank: 88
IRBO Sortino Ratio Rank: 71
IRBO Omega Ratio Rank: 76
IRBO Calmar Ratio Rank: 88
IRBO Martin Ratio Rank: 83

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.

HTEC vs. IRBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) and iShares Future AI & Tech 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HTEC	IRBO	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.74	-1.36
Sortino ratio: Return per unit of downside risk	2.07	3.07	-0.99
Omega ratio: Gain probability vs. loss probability	1.24	1.42	-0.19
Calmar ratio: Return relative to maximum drawdown	1.77	4.98	-3.21
Martin ratio: Return relative to average drawdown	4.22	16.28	-12.06

HTEC vs. IRBO - Sharpe Ratio Comparison

The current HTEC Sharpe Ratio is 1.38, which is lower than the IRBO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of HTEC 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.

Drawdowns

HTEC vs. IRBO - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than IRBO's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for HTEC and IRBO.

Drawdown Indicators

	HTEC	IRBO	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-54.50%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-18.81%	+2.50%
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	-32.44%	+3.77%
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	-50.53%	-5.57%
Current Drawdown Current decline from peak	-31.59%	-7.78%	-23.81%
Average Drawdown Average peak-to-trough decline	-29.00%	-19.76%	-9.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	5.74%	+1.07%

Volatility

HTEC vs. IRBO - Volatility Comparison

The current volatility for ROBO Global Healthcare Technology and Innovation ETF (HTEC) is 6.74%, while iShares Future AI & Tech ETF (IRBO) has a volatility of 19.32%. This indicates that HTEC 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

	HTEC	IRBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	19.32%	-12.58%
Volatility (6M) Calculated over the trailing 6-month period	15.77%	30.00%	-14.23%
Volatility (1Y) Calculated over the trailing 1-year period	20.92%	34.22%	-13.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.50%	29.57%	-5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	28.30%	-2.84%

HTEC vs. IRBO - Expense Ratio Comparison

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

Dividends

HTEC vs. IRBO - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 0.99%, more than IRBO's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HTEC ROBO Global Healthcare Technology and Innovation ETF	0.99%	0.98%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%
IRBO iShares Future AI & Tech ETF	0.06%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%

Frequently Asked Questions

Can I hold both HTEC and IRBO in my portfolio?

HTEC and IRBO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTEC or IRBO?

IRBO has higher volatility (19.32%) compared to HTEC (6.74%). In terms of maximum drawdown, HTEC dropped -57.53% vs IRBO's -54.50%.

Which ETF is better, HTEC or IRBO?

On 5-year performance, IRBO leads with 11.69% vs -5.86% for HTEC. On fees, IRBO is cheaper at 0.47% per year. On volatility, HTEC has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTEC or IRBO?

Over the 5-year period, IRBO has performed better with a 11.69% return vs -5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTEC or IRBO?

IRBO is cheaper with a 0.47% expense ratio, compared with 0.68% for HTEC.

Which ETF pays a higher dividend yield, HTEC or IRBO?

HTEC has the higher dividend yield at 0.99%, compared with 0.06% for IRBO.

What is the main difference between HTEC and IRBO?

HTEC is categorized as Health & Biotech Equities, while IRBO is Robotics. HTEC tracks ROBO Global® Healthcare Technology and Innovation Index, while IRBO tracks Morningstar Global Artificial Intelligence Select Index. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.68% for HTEC and 0.47% for IRBO.

Which has better risk-adjusted returns?

IRBO currently has the higher Sharpe Ratio (2.74 vs 1.38), 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.