IBOT vs. ROBO
Compare and contrast key facts about VanEck Robotics ETF (IBOT) and ROBO Global Robotics & Automation Index ETF (ROBO).
IBOT and ROBO 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. ROBO is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Robotics and Automation TR Index. It was launched on Oct 22, 2013. Both IBOT and ROBO 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 ROBO.
Key characteristics
| IBOT | ROBO | |
|---|---|---|
| YTD Return | 7.53% | -5.41% |
| 1Y Return | 21.23% | 4.87% |
| Sharpe Ratio | 1.01 | 0.23 |
| Daily Std Dev | 20.51% | 19.01% |
| Max Drawdown | -19.16% | -43.65% |
| Current Drawdown | -9.20% | -24.70% |
Correlation
The correlation between IBOT and ROBO is 0.91, 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. ROBO - Performance Comparison
In the year-to-date period, IBOT achieves a 7.53% return, which is significantly higher than ROBO's -5.41% 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. ROBO - Expense Ratio Comparison
IBOT has a 0.47% expense ratio, which is lower than ROBO's 0.95% expense ratio.
Risk-Adjusted Performance
IBOT vs. ROBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Robotics ETF (IBOT) and ROBO Global Robotics & Automation Index ETF (ROBO). 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. ROBO - Dividend Comparison
IBOT's dividend yield for the trailing twelve months is around 1.92%, more than ROBO's 0.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBOT VanEck Robotics ETF | 1.92% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ROBO ROBO Global Robotics & Automation Index ETF | 0.05% | 0.05% | 0.00% | 0.18% | 0.20% | 0.37% | 0.37% | 0.02% | 0.19% | 0.28% | 0.28% |
Drawdowns
IBOT vs. ROBO - Drawdown Comparison
The maximum IBOT drawdown since its inception was -19.16%, smaller than the maximum ROBO drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for IBOT and ROBO. For additional features, visit the drawdowns tool.
Volatility
IBOT vs. ROBO - Volatility Comparison
VanEck Robotics ETF (IBOT) has a higher volatility of 7.20% compared to ROBO Global Robotics & Automation Index ETF (ROBO) at 6.25%. This indicates that IBOT's price experiences larger fluctuations and is considered to be riskier than ROBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.