IGPT vs. IRBO
Compare and contrast key facts about Invesco AI and Next Gen Software ETF (IGPT) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
IGPT and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGPT is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Software Development Index. It was launched on Jun 23, 2005. 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 IGPT 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: IGPT or IRBO.
Performance
IGPT vs. IRBO - Performance Comparison
Returns By Period
IGPT
22.66%
4.80%
3.27%
31.08%
12.53%
16.48%
IRBO
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| IGPT | IRBO |
|---|
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IGPT vs. IRBO - Expense Ratio Comparison
IGPT has a 0.60% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Correlation
The correlation between IGPT and IRBO is 0.82, 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
IGPT vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco AI and Next Gen Software ETF (IGPT) 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
IGPT vs. IRBO - Dividend Comparison
Neither IGPT nor IRBO has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGPT Invesco AI and Next Gen Software ETF | 0.00% | 0.00% | 4.23% | 18.63% | 0.11% | 0.15% | 0.00% | 0.00% | 0.10% | 0.44% | 0.29% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.54% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGPT vs. IRBO - Drawdown Comparison
Volatility
IGPT vs. IRBO - Volatility Comparison
Invesco AI and Next Gen Software ETF (IGPT) has a higher volatility of 6.69% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 0.00%. This indicates that IGPT's price experiences larger fluctuations and is considered to be riskier than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.