IRBO vs. RYH
Compare and contrast key facts about iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and Invesco S&P 500® Equal Weight Health Care ETF (RYH).
IRBO and RYH 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. RYH is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Health Care. It was launched on Nov 7, 2006. Both IRBO and RYH 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 RYH.
Key characteristics
| IRBO | RYH |
|---|
Correlation
The correlation between IRBO and RYH is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IRBO vs. RYH - Performance Comparison
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. RYH - Expense Ratio Comparison
IRBO has a 0.47% expense ratio, which is higher than RYH's 0.40% expense ratio.
Risk-Adjusted Performance
IRBO vs. RYH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and Invesco S&P 500® Equal Weight Health Care ETF (RYH). 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. RYH - Dividend Comparison
IRBO's dividend yield for the trailing twelve months is around 0.91%, while RYH has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.91% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RYH Invesco S&P 500® Equal Weight Health Care ETF | 0.68% | 0.69% | 0.64% | 0.50% | 0.51% | 0.54% | 0.53% | 0.47% | 0.48% | 0.49% | 0.43% | 0.42% |
Drawdowns
IRBO vs. RYH - Drawdown Comparison
Volatility
IRBO vs. RYH - Volatility Comparison
iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a higher volatility of 6.56% compared to Invesco S&P 500® Equal Weight Health Care ETF (RYH) at 0.00%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than RYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.