IRBO vs. KOMP
Compare and contrast key facts about iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and SPDR S&P Kensho New Economies Composite ETF (KOMP).
IRBO and KOMP 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. KOMP is a passively managed fund by State Street that tracks the performance of the S&P Kensho New Economies Composite Index. It was launched on Oct 22, 2018. Both IRBO and KOMP 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: IRBO or KOMP.
Key characteristics
| IRBO | KOMP |
|---|
Correlation
The correlation between IRBO and KOMP is 0.89, 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. KOMP - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IRBO vs. KOMP - Expense Ratio Comparison
IRBO has a 0.47% expense ratio, which is higher than KOMP's 0.20% expense ratio.
Risk-Adjusted Performance
IRBO vs. KOMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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. KOMP - Dividend Comparison
IRBO has not paid dividends to shareholders, while KOMP's dividend yield for the trailing twelve months is around 1.05%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.54% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.05% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
Drawdowns
IRBO vs. KOMP - Drawdown Comparison
Volatility
IRBO vs. KOMP - Volatility Comparison
The current volatility for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is 0.00%, while SPDR S&P Kensho New Economies Composite ETF (KOMP) has a volatility of 6.50%. This indicates that IRBO experiences smaller price fluctuations and is considered to be less risky than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.