IBOT vs. SPY
Compare and contrast key facts about VanEck Robotics ETF (IBOT) and SPDR S&P 500 ETF (SPY).
IBOT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IBOT and SPY 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 SPY.
Performance
IBOT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IBOT achieves a 8.39% return, which is significantly lower than SPY's 26.08% return.
IBOT
8.39%
-0.32%
-2.11%
19.69%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| IBOT | SPY | |
|---|---|---|
| Sharpe Ratio | 0.95 | 2.70 |
| Sortino Ratio | 1.39 | 3.60 |
| Omega Ratio | 1.18 | 1.50 |
| Calmar Ratio | 1.29 | 3.90 |
| Martin Ratio | 3.64 | 17.52 |
| Ulcer Index | 5.39% | 1.87% |
| Daily Std Dev | 20.64% | 12.14% |
| Max Drawdown | -19.16% | -55.19% |
| Current Drawdown | -8.48% | -0.85% |
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IBOT vs. SPY - Expense Ratio Comparison
IBOT has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between IBOT and SPY 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.
Risk-Adjusted Performance
IBOT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Robotics ETF (IBOT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IBOT's dividend yield for the trailing twelve months is around 1.90%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBOT VanEck Robotics ETF | 1.90% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IBOT vs. SPY - Drawdown Comparison
The maximum IBOT drawdown since its inception was -19.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IBOT and SPY. For additional features, visit the drawdowns tool.
Volatility
IBOT vs. SPY - Volatility Comparison
VanEck Robotics ETF (IBOT) has a higher volatility of 4.95% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that IBOT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.