IRBO vs. ARKQ
Compare and contrast key facts about iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and ARK Autonomous Technology & Robotics ETF (ARKQ).
IRBO and ARKQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKQ is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRBO or ARKQ.
Key characteristics
| IRBO | ARKQ | |
|---|---|---|
| YTD Return | -4.41% | -6.69% |
| 1Y Return | 15.96% | 18.90% |
| 3Y Return (Ann) | -7.15% | -12.94% |
| 5Y Return (Ann) | 6.05% | 9.13% |
| Sharpe Ratio | 0.76 | 0.77 |
| Daily Std Dev | 20.04% | 23.63% |
| Max Drawdown | -54.50% | -59.89% |
| Current Drawdown | -33.42% | -45.30% |
Correlation
The correlation between IRBO and ARKQ is 0.90, 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
IRBO vs. ARKQ - Performance Comparison
In the year-to-date period, IRBO achieves a -4.41% return, which is significantly higher than ARKQ's -6.69% 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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IRBO vs. ARKQ - Expense Ratio Comparison
IRBO has a 0.47% expense ratio, which is lower than ARKQ's 0.75% expense ratio.
Risk-Adjusted Performance
IRBO vs. ARKQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and ARK Autonomous Technology & Robotics ETF (ARKQ). 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
IRBO vs. ARKQ - Dividend Comparison
IRBO's dividend yield for the trailing twelve months is around 0.92%, while ARKQ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.92% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% |
ARKQ ARK Autonomous Technology & Robotics ETF | 0.00% | 0.00% | 0.00% | 0.80% | 0.86% | 0.00% | 2.86% | 1.54% | 0.00% | 0.98% |
Drawdowns
IRBO vs. ARKQ - Drawdown Comparison
The maximum IRBO drawdown since its inception was -54.50%, smaller than the maximum ARKQ drawdown of -59.89%. Use the drawdown chart below to compare losses from any high point for IRBO and ARKQ. For additional features, visit the drawdowns tool.
Volatility
IRBO vs. ARKQ - Volatility Comparison
The current volatility for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is 6.57%, while ARK Autonomous Technology & Robotics ETF (ARKQ) has a volatility of 7.31%. This indicates that IRBO experiences smaller price fluctuations and is considered to be less risky than ARKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.