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IRBO vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IRBO vs. HDV

Last updated Aug 4, 2026
Documentation

IRBO (iShares Future AI & Tech ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - IRBO is a Artificial Intelligence fund tracking the Morningstar Global Artificial Intelligence Select Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 5 years, IRBO returned 10.52%/yr vs 12.13%/yr for HDV. Their 0.35 correlation means their historical movements had little consistent relationship. IRBO charges 0.47%/yr vs 0.08%/yr for HDV.

Performance

IRBO vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future AI & Tech ETF (IRBO) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IRBO achieves a 43.11% return, which is significantly higher than HDV's 19.66% return.

IRBO

1D
3.39%
1M
-3.07%
6M
32.62%
YTD
43.11%
1Y
63.16%
3Y*
28.37%
5Y*
10.52%
10Y*
—
ALL TIME*
15.10%

HDV

1D
-0.31%
1M
2.46%
6M
10.00%
YTD
19.66%
1Y
25.24%
3Y*
15.80%
5Y*
12.13%
10Y*
9.57%
ALL TIME*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HDV

iShares Core High Dividend ETF
$168.30M$156.51M$108.57M

IRBO

iShares Future AI & Tech ETF
$35.64M$36.90M$59.33M

IRBO vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IRBO
iShares Future AI & Tech ETF		43.11%29.97%8.02%36.37%-37.89%6.32%48.85%34.47%-13.76%
HDV
iShares Core High Dividend ETF		19.66%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%1.69%

Correlation

The correlation between IRBO and HDV is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.21

Correlation (3Y)
Balances recent behavior with more history.

0.07

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.25

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2018

0.35

The correlation between IRBO and HDV shifts across timeframes, from -0.21 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

IRBO vs. HDV - Sectors Allocation Comparison

Sectors
IRBO
HDV

Technology

83.8%
0.9%

Communication Services

5.5%
5.2%

Industrials

4.7%
2.8%

Utilities

3.2%
8.2%

Consumer Cyclical

2.9%
9.3%

Real Estate

1.2%

-

Consumer Defensive

0.0%
24.3%

Healthcare

0.0%
23.9%

Basic Materials

-

0.8%

Energy

-

19.8%

Financial Services

-

4.7%

Technology

IRBO
83.8%
HDV
0.9%

Communication Services

IRBO
5.5%
HDV
5.2%

Industrials

IRBO
4.7%
HDV
2.8%

Utilities

IRBO
3.2%
HDV
8.2%

Consumer Cyclical

IRBO
2.9%
HDV
9.3%

Real Estate

IRBO
1.2%
HDV

-

Consumer Defensive

IRBO
0.0%
HDV
24.3%

Healthcare

IRBO
0.0%
HDV
23.9%

Basic Materials

IRBO

-

HDV
0.8%

Energy

IRBO

-

HDV
19.8%

Financial Services

IRBO

-

HDV
4.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Future AI & Tech ETF

iShares Core High Dividend ETF

Often compared with IRBO:
IRBO vs. BOTZIRBO vs. ROBOIRBO vs. AIQIRBO vs. ROBTIRBO vs. ARKQIRBO vs. IBOTIRBO vs. IGPT
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

IRBO vs. HDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IRBO
IRBO Risk / Return Rank: 6969
Overall Rank
IRBO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IRBO Sortino Ratio Rank: 6464
Sortino Ratio Rank
IRBO Omega Ratio Rank: 6565
Omega Ratio Rank
IRBO Calmar Ratio Rank: 7474
Calmar Ratio Rank
IRBO Martin Ratio Rank: 6868
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 9191
Overall Rank
HDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 9393
Sortino Ratio Rank
HDV Omega Ratio Rank: 8989
Omega Ratio Rank
HDV Calmar Ratio Rank: 9494
Calmar Ratio Rank
HDV Martin Ratio Rank: 8888
Martin Ratio Rank
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.

IRBO vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (IRBO) and iShares Core High Dividend ETF (HDV). 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.

IRBOHDVDifference
Sharpe ratioReturn per unit of total volatility
1.70
2.34

-0.65

Sortino ratioReturn per unit of downside risk
2.18
3.53

-1.35

Omega ratioGain probability vs. loss probability

1.28

1.41

-0.13

Calmar ratioReturn relative to maximum drawdown

2.64

4.90

-2.25

Martin ratioReturn relative to average drawdown

8.49

13.39

-4.90

IRBO vs. HDV - Sharpe Ratio Comparison

The current IRBO Sharpe Ratio is 1.70, which is comparable to the HDV Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of IRBO and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IRBO vs. HDV - Drawdown Comparison

The maximum IRBO drawdown since its inception was -54.50%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for IRBO and HDV.

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Drawdown Indicators

IRBOHDVDifference

Max Drawdown

Largest peak-to-trough decline

-54.50%

-37.04%

-17.46%

Max Drawdown (1Y)

Largest decline over 1 year

-24.00%

-5.18%

-18.82%

Max Drawdown (3Y)

Largest decline over 3 years

-32.44%

-10.49%

-21.95%

Max Drawdown (5Y)

Largest decline over 5 years

-50.53%

-15.42%

-35.11%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-14.61%

-1.72%

-12.89%

Average Drawdown

Average peak-to-trough decline

-19.68%

-3.06%

-16.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.46%

1.89%

+5.57%

Volatility

IRBO vs. HDV - Volatility Comparison

iShares Future AI & Tech ETF (IRBO) has a higher volatility of 14.41% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IRBOHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.41%

4.52%

+9.89%

Volatility (6M)

Calculated over the trailing 6-month period

33.09%

8.66%

+24.43%

Volatility (1Y)

Calculated over the trailing 1-year period

37.42%

10.83%

+26.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.34%

12.95%

+17.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.65%

15.79%

+12.86%

IRBO vs. HDV - Expense Ratio Comparison

IRBO has a 0.47% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

IRBO vs. HDV - Dividend Comparison

IRBO's dividend yield for the trailing twelve months is around 0.06%, less than HDV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.08%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
IRBO
iShares Future AI & Tech ETF		0.06%0.00%0.50%0.88%0.75%2.41%0.53%0.69%0.34%0.00%0.00%0.00%

Frequently Asked Questions

IRBO and HDV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IRBO has higher volatility (14.41%) compared to HDV (4.52%). In terms of maximum drawdown, IRBO dropped -54.50% vs HDV's -37.04%.

On 5-year performance, HDV leads with 12.13% vs 10.52% for IRBO. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HDV has performed better with a 12.13% return vs 10.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.47% for IRBO.

HDV has the higher dividend yield at 3.08%, compared with 0.06% for IRBO.

IRBO is categorized as Artificial Intelligence, while HDV is Dividend. IRBO tracks Morningstar Global Artificial Intelligence Select Index, while HDV tracks Morningstar Dividend Yield Focus Index. Their fees differ too: 0.47% for IRBO and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (2.34 vs 1.70), 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.

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