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IRBO vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IRBO vs. IWM

Last updated Jun 24, 2026

IRBO (iShares Future AI & Tech ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IRBO is a Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 5 years, IRBO returned 11.69%/yr vs 6.27%/yr for IWM. A 0.77 correlation means they provide meaningful diversification when combined. IRBO charges 0.47%/yr vs 0.19%/yr for IWM.

Performance

IRBO vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future AI & Tech ETF (IRBO) and iShares Russell 2000 ETF (IWM). 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 54.55% return, which is significantly higher than IWM's 20.47% return.

IRBO

1D
-6.30%
1M
8.26%
YTD
54.55%
6M
54.11%
1Y
93.11%
3Y*
33.04%
5Y*
11.69%
10Y*
—

IWM

1D
-0.96%
1M
3.82%
YTD
20.47%
6M
17.64%
1Y
40.90%
3Y*
19.22%
5Y*
6.27%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IRBO vs. IWM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IRBO
iShares Future AI & Tech ETF		54.55%29.97%8.02%36.37%-37.89%6.32%48.85%34.47%-13.76%
IWM
iShares Russell 2000 ETF		20.47%12.66%11.38%16.83%-20.48%14.54%20.03%25.39%-17.25%

Correlation

The correlation between IRBO and IWM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

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

0.77

The correlation between IRBO and IWM shifts across timeframes, from 0.67 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

IRBO vs. IWM - Sectors Allocation Comparison

Sectors
IRBO
IWM

Technology

83.8%
20.1%

Communication Services

5.5%
1.7%

Industrials

4.7%
17.3%

Utilities

3.2%
3.1%

Consumer Cyclical

2.9%
8.0%

Real Estate

1.2%
5.5%

Consumer Defensive

0.0%
2.0%

Healthcare

0.0%
15.6%

Basic Materials

-

4.5%

Energy

-

6.0%

Financial Services

-

15.5%

Technology

IRBO
83.8%
IWM
20.1%

Communication Services

IRBO
5.5%
IWM
1.7%

Industrials

IRBO
4.7%
IWM
17.3%

Utilities

IRBO
3.2%
IWM
3.1%

Consumer Cyclical

IRBO
2.9%
IWM
8.0%

Real Estate

IRBO
1.2%
IWM
5.5%

Consumer Defensive

IRBO
0.0%
IWM
2.0%

Healthcare

IRBO
0.0%
IWM
15.6%

Basic Materials

IRBO

-

IWM
4.5%

Energy

IRBO

-

IWM
6.0%

Financial Services

IRBO

-

IWM
15.5%

Compare stocks, funds, or ETFs

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iShares Future AI & Tech ETF

iShares Russell 2000 ETF

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Return for Risk

IRBO vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IRBO
IRBO Risk / Return Rank: 8181
Overall Rank
IRBO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IRBO Sortino Ratio Rank: 7171
Sortino Ratio Rank
IRBO Omega Ratio Rank: 7676
Omega Ratio Rank
IRBO Calmar Ratio Rank: 8888
Calmar Ratio Rank
IRBO Martin Ratio Rank: 8383
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6767
Overall Rank
IWM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWM Omega Ratio Rank: 5757
Omega Ratio Rank
IWM Calmar Ratio Rank: 7575
Calmar Ratio Rank
IWM Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRBO vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (IRBO) and iShares Russell 2000 ETF (IWM). 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.

IRBOIWMDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.08

+0.65

Sortino ratioReturn per unit of downside risk
3.07
2.86

+0.20

Omega ratioGain probability vs. loss probability

1.42

1.34

+0.08

Calmar ratioReturn relative to maximum drawdown

4.98

3.73

+1.25

Martin ratioReturn relative to average drawdown

16.28

13.18

+3.10

IRBO vs. IWM - Sharpe Ratio Comparison

The current IRBO Sharpe Ratio is 2.74, which is higher than the IWM Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of IRBO and IWM, 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. IWM - Drawdown Comparison

The maximum IRBO drawdown since its inception was -54.50%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IRBO and IWM.

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Drawdown Indicators

IRBOIWMDifference

Max Drawdown

Largest peak-to-trough decline

-54.50%

-59.05%

+4.55%

Max Drawdown (1Y)

Largest decline over 1 year

-18.81%

-11.03%

-7.78%

Max Drawdown (3Y)

Largest decline over 3 years

-32.44%

-27.50%

-4.94%

Max Drawdown (5Y)

Largest decline over 5 years

-50.53%

-31.91%

-18.62%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.13%

—

Current Drawdown

Current decline from peak

-7.78%

-0.96%

-6.82%

Average Drawdown

Average peak-to-trough decline

-19.76%

-10.75%

-9.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.74%

3.11%

+2.63%

Volatility

IRBO vs. IWM - Volatility Comparison

iShares Future AI & Tech ETF (IRBO) has a higher volatility of 19.32% compared to iShares Russell 2000 ETF (IWM) at 6.56%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IRBOIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.32%

6.56%

+12.76%

Volatility (6M)

Calculated over the trailing 6-month period

30.00%

14.31%

+15.69%

Volatility (1Y)

Calculated over the trailing 1-year period

34.22%

19.74%

+14.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.57%

22.61%

+6.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.30%

23.06%

+5.24%

IRBO vs. IWM - Expense Ratio Comparison

IRBO has a 0.47% expense ratio, which is higher than IWM's 0.19% expense ratio.

Dividends

IRBO vs. IWM - Dividend Comparison

IRBO's dividend yield for the trailing twelve months is around 0.06%, less than IWM's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWM
iShares Russell 2000 ETF		0.90%1.04%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%

Frequently Asked Questions

IRBO and IWM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IRBO has higher volatility (19.32%) compared to IWM (6.56%). In terms of maximum drawdown, IRBO dropped -54.50% vs IWM's -59.05%.

On 5-year performance, IRBO leads with 11.69% vs 6.27% for IWM. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IRBO has performed better with a 11.69% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWM is cheaper with a 0.19% expense ratio, compared with 0.47% for IRBO.

IWM has the higher dividend yield at 0.90%, compared with 0.06% for IRBO.

IRBO is categorized as Robotics, while IWM is Small Cap Blend Equities. IRBO tracks Morningstar Global Artificial Intelligence Select Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.47% for IRBO and 0.19% for IWM.

IRBO currently has the higher Sharpe Ratio (2.74 vs 2.08), 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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