KOMP vs. IRBO
Compare and contrast key facts about SPDR S&P Kensho New Economies Composite ETF (KOMP) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
KOMP and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both KOMP and IRBO 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: KOMP or IRBO.
Key characteristics
| KOMP | IRBO |
|---|
Correlation
The correlation between KOMP and IRBO 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
KOMP vs. IRBO - 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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KOMP vs. IRBO - Expense Ratio Comparison
KOMP has a 0.20% expense ratio, which is lower than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
KOMP vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO). 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
KOMP vs. IRBO - Dividend Comparison
KOMP's dividend yield for the trailing twelve months is around 1.06%, while IRBO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.06% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.54% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% |
Drawdowns
KOMP vs. IRBO - Drawdown Comparison
Volatility
KOMP vs. IRBO - Volatility Comparison
SPDR S&P Kensho New Economies Composite ETF (KOMP) has a higher volatility of 6.00% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 0.00%. This indicates that KOMP's price experiences larger fluctuations and is considered to be riskier than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.