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 | |
|---|---|---|
| YTD Return | -3.45% | -1.12% |
| 1Y Return | 17.16% | 16.36% |
| 3Y Return (Ann) | -6.09% | -9.32% |
| 5Y Return (Ann) | 6.26% | 8.09% |
| Sharpe Ratio | 0.85 | 0.76 |
| Daily Std Dev | 20.05% | 20.57% |
| Max Drawdown | -54.50% | -50.06% |
| Current Drawdown | -32.75% | -36.38% |
Correlation
The correlation between IRBO and KOMP 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. KOMP - Performance Comparison
In the year-to-date period, IRBO achieves a -3.45% return, which is significantly lower than KOMP's -1.12% 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. 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's dividend yield for the trailing twelve months is around 0.91%, less than KOMP's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.91% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.25% | 1.27% | 1.47% | 1.44% | 0.69% | 0.80% | 0.13% |
Drawdowns
IRBO vs. KOMP - Drawdown Comparison
The maximum IRBO drawdown since its inception was -54.50%, which is greater than KOMP's maximum drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for IRBO and KOMP. For additional features, visit the drawdowns tool.
Volatility
IRBO vs. KOMP - Volatility Comparison
iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a higher volatility of 6.56% compared to SPDR S&P Kensho New Economies Composite ETF (KOMP) at 6.01%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.