IPAV vs. BOTZ

Last updated Aug 4, 2026

IPAV (Global X Infrastructure Development ex-U.S. ETF) and BOTZ (Global X Robotics & Artificial Intelligence Thematic ETF) are both exchange-traded funds - IPAV is a Infrastructure Equities fund tracking the Global X Infrastructure Development ex-U.S. Index, while BOTZ is a Artificial Intelligence fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index. Both are passively managed. Over the past year, IPAV returned 18.73% vs 9.01% for BOTZ. Their 0.70 correlation means they have sometimes moved together and sometimes differently. IPAV charges 0.55%/yr vs 0.68%/yr for BOTZ.

Performance

IPAV vs. BOTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Infrastructure Development ex-U.S. ETF (IPAV) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPAV achieves a 7.44% return, which is significantly higher than BOTZ's -0.78% return.

IPAV

• 1D: 0.46%
• 1M: -1.01%
• 6M: 0.07%
• YTD: 7.44%
• 1Y: 18.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.49%

BOTZ

• 1D: 2.02%
• 1M: -3.90%
• 6M: -2.50%
• YTD: -0.78%
• 1Y: 9.01%
• 3Y*: 9.60%
• 5Y*: 1.12%
• 10Y*: —
• ALL TIME*: 9.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	$29.33M	$29.66M	$37.04M
IPAV Global X Infrastructure Development ex-U.S. ETF	$57.55K	$37.87K	$52.84K

IPAV vs. BOTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IPAV Global X Infrastructure Development ex-U.S. ETF	7.44%	29.77%	-6.87%
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	-0.78%	14.17%	0.82%

Correlation

The correlation between IPAV and BOTZ is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024	0.70

The correlation between IPAV and BOTZ has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

IPAV vs. BOTZ - Sectors Allocation Comparison

Sectors	IPAV	BOTZ
Industrials	48.8%	50.8%
Basic Materials	43.7%	0.0%
Real Estate	3.0%	-
Communication Services	2.3%	4.2%
Energy	1.2%	0.5%
Utilities	0.8%	0.0%
Consumer Cyclical	0.2%	6.2%
Technology	0.1%	30.8%
Consumer Defensive	-	0.0%
Financial Services	-	0.9%
Healthcare	-	8.0%

Return for Risk

IPAV vs. BOTZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IPAV

IPAV Risk / Return Rank: 37
IPAV Sharpe Ratio Rank: 38
IPAV Sortino Ratio Rank: 39
IPAV Omega Ratio Rank: 38
IPAV Calmar Ratio Rank: 35
IPAV Martin Ratio Rank: 34

BOTZ

BOTZ Risk / Return Rank: 19
BOTZ Sharpe Ratio Rank: 19
BOTZ Sortino Ratio Rank: 20
BOTZ Omega Ratio Rank: 19
BOTZ Calmar Ratio Rank: 19
BOTZ Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IPAV vs. BOTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Infrastructure Development ex-U.S. ETF (IPAV) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ). 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.

	IPAV	BOTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.04	0.34	+0.69
Sortino ratio: Return per unit of downside risk	1.58	0.66	+0.92
Omega ratio: Gain probability vs. loss probability	1.19	1.08	+0.12
Calmar ratio: Return relative to maximum drawdown	1.29	0.47	+0.82
Martin ratio: Return relative to average drawdown	3.50	1.18	+2.32

IPAV vs. BOTZ - Sharpe Ratio Comparison

The current IPAV Sharpe Ratio is 1.04, which is higher than the BOTZ Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of IPAV and BOTZ, 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

IPAV vs. BOTZ - Drawdown Comparison

The maximum IPAV drawdown since its inception was -14.59%, smaller than the maximum BOTZ drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for IPAV and BOTZ.

Drawdown Indicators

	IPAV	BOTZ	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-55.54%	+40.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-19.34%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.54%	—
Current Drawdown Current decline from peak	-10.34%	-13.65%	+3.31%
Average Drawdown Average peak-to-trough decline	-3.98%	-18.22%	+14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	7.64%	-2.28%

Volatility

IPAV vs. BOTZ - Volatility Comparison

The current volatility for Global X Infrastructure Development ex-U.S. ETF (IPAV) is 5.16%, while Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) has a volatility of 9.24%. This indicates that IPAV experiences smaller price fluctuations and is considered to be less risky than BOTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPAV	BOTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	9.24%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	16.18%	21.66%	-5.48%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	26.47%	-8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	27.29%	-9.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	25.89%	-7.95%

IPAV vs. BOTZ - Expense Ratio Comparison

IPAV has a 0.55% expense ratio, which is lower than BOTZ's 0.68% expense ratio.

Dividends

IPAV vs. BOTZ - Dividend Comparison

IPAV's dividend yield for the trailing twelve months is around 1.52%, more than BOTZ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	0.49%	0.66%	0.13%	0.20%	0.23%	0.16%	0.19%	0.83%	1.44%	0.01%	0.06%
IPAV Global X Infrastructure Development ex-U.S. ETF	1.52%	1.29%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IPAV and BOTZ in my portfolio?

IPAV and BOTZ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPAV or BOTZ?

BOTZ has higher volatility (9.24%) compared to IPAV (5.16%). In terms of maximum drawdown, IPAV dropped -14.59% vs BOTZ's -55.54%.

Which ETF is better, IPAV or BOTZ?

On 1-year performance, IPAV leads with 18.73% vs 9.01% for BOTZ. On fees, IPAV is cheaper at 0.55% per year. On volatility, IPAV has been the lower-risk option at 5.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPAV or BOTZ?

Over the 1-year period, IPAV has performed better with a 18.73% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPAV or BOTZ?

IPAV is cheaper with a 0.55% expense ratio, compared with 0.68% for BOTZ.

Which ETF pays a higher dividend yield, IPAV or BOTZ?

IPAV has the higher dividend yield at 1.52%, compared with 0.49% for BOTZ.

What is the main difference between IPAV and BOTZ?

IPAV is categorized as Infrastructure Equities, while BOTZ is Artificial Intelligence. IPAV tracks Global X Infrastructure Development ex-U.S. Index, while BOTZ tracks Indxx Global Robotics & Artificial Intelligence Thematic Index. Their fees differ too: 0.55% for IPAV and 0.68% for BOTZ.

Which has better risk-adjusted returns?

IPAV currently has the higher Sharpe Ratio (1.04 vs 0.34), 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.