IBOT vs. IRBO
Compare and contrast key facts about VanEck Robotics ETF (IBOT) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
IBOT and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBOT is a passively managed fund by VanEck that tracks the performance of the BlueStar® Robotics Index. It was launched on Apr 5, 2023. 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. Both IBOT and IRBO 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: IBOT or IRBO.
Key characteristics
| IBOT | IRBO | |
|---|---|---|
| YTD Return | 8.10% | -3.67% |
| 1Y Return | 21.35% | 7.43% |
| Sharpe Ratio | 1.05 | 0.32 |
| Daily Std Dev | 20.50% | 21.07% |
| Max Drawdown | -19.16% | -54.50% |
| Current Drawdown | -8.72% | -32.91% |
Correlation
The correlation between IBOT and IRBO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBOT vs. IRBO - Performance Comparison
In the year-to-date period, IBOT achieves a 8.10% return, which is significantly higher than IRBO's -3.67% 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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IBOT vs. IRBO - Expense Ratio Comparison
Both IBOT and IRBO have an expense ratio of 0.47%.
Risk-Adjusted Performance
IBOT vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Robotics ETF (IBOT) 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
IBOT vs. IRBO - Dividend Comparison
IBOT's dividend yield for the trailing twelve months is around 1.91%, more than IRBO's 0.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBOT VanEck Robotics ETF | 1.91% | 2.06% | 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
IBOT vs. IRBO - Drawdown Comparison
The maximum IBOT drawdown since its inception was -19.16%, smaller than the maximum IRBO drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for IBOT and IRBO. For additional features, visit the drawdowns tool.
Volatility
IBOT vs. IRBO - Volatility Comparison
VanEck Robotics ETF (IBOT) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) have volatilities of 7.33% and 7.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.