NWH-UN.TO vs. IRBO

Last updated Jul 21, 2026

NWH-UN.TO (NorthWest Healthcare Properties Real Estate Investment Trust) is a stock, while IRBO (iShares Future AI & Tech ETF) is Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index. At a 0.30 correlation, their price movements are largely independent.

Performance

NWH-UN.TO vs. IRBO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO) and iShares Future AI & Tech ETF (IRBO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NWH-UN.TO is traded in CAD, while IRBO is traded in USD. To make them comparable, the IRBO values have been converted to CAD using the latest available exchange rates.

Returns By Period

NWH-UN.TO

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IRBO

• 1D: 0.22%
• 1M: -17.26%
• 6M: 28.50%
• YTD: 39.59%
• 1Y: 58.71%
• 3Y*: 27.24%
• 5Y*: 11.80%
• 10Y*: —
• ALL TIME*: 15.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NWH-UN.TO vs. IRBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NWH-UN.TO NorthWest Healthcare Properties Real Estate Investment Trust	7.39%	23.48%	-7.17%	-40.34%	-26.41%	16.50%	13.46%	34.80%	-12.17%
IRBO iShares Future AI & Tech ETF	39.59%	24.04%	17.17%	33.13%	-33.96%	6.27%	45.32%	28.93%	-11.87%

Correlation

The correlation between NWH-UN.TO and IRBO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.30

The correlation between NWH-UN.TO and IRBO shifts across timeframes, from 0.16 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NWH-UN.TO vs. IRBO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NWH-UN.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IRBO

IRBO Risk / Return Rank: 63
IRBO Sharpe Ratio Rank: 63
IRBO Sortino Ratio Rank: 55
IRBO Omega Ratio Rank: 56
IRBO Calmar Ratio Rank: 77
IRBO Martin Ratio Rank: 65

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.

NWH-UN.TO vs. IRBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO) and iShares Future AI & Tech 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.

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.

	NWH-UN.TO	IRBO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.11	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	3.20	—
Martin ratio: Return relative to average drawdown	—	9.39	—

Drawdowns

Drawdown Indicators

	NWH-UN.TO	IRBO	Difference
Max Drawdown Largest peak-to-trough decline	—	-50.45%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.42%	—
Current Drawdown Current decline from peak	—	-18.23%	—
Average Drawdown Average peak-to-trough decline	—	-17.38%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.27%	—

Volatility

Volatility by Period

	NWH-UN.TO	IRBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	35.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.39%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	29.04%	—

Dividends

NWH-UN.TO vs. IRBO - Dividend Comparison

NWH-UN.TO's dividend yield for the trailing twelve months is around 5.00%, more than IRBO's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRBO iShares Future AI & Tech ETF	0.07%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%	0.00%	0.00%	0.00%
NWH-UN.TO NorthWest Healthcare Properties Real Estate Investment Trust	5.00%	7.05%	8.09%	12.67%	8.46%	5.80%	6.35%	6.71%	8.44%	7.04%	7.84%	8.96%

Frequently Asked Questions

Can I hold both NWH-UN.TO and IRBO in my portfolio?

NWH-UN.TO and IRBO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.