ROBO vs. IRBO
Compare and contrast key facts about ROBO Global Robotics & Automation Index ETF (ROBO) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
ROBO and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROBO is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global Robotics and Automation TR Index. It was launched on Oct 22, 2013. 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 ROBO 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: ROBO or IRBO.
Performance
ROBO vs. IRBO - Performance Comparison
Returns By Period
ROBO
-3.14%
-1.19%
-2.73%
10.09%
6.40%
7.98%
IRBO
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| ROBO | IRBO |
|---|
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ROBO vs. IRBO - Expense Ratio Comparison
ROBO has a 0.95% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Correlation
The correlation between ROBO and IRBO 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.
Risk-Adjusted Performance
ROBO vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Robotics & Automation Index ETF (ROBO) 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
ROBO vs. IRBO - Dividend Comparison
ROBO's dividend yield for the trailing twelve months is around 0.05%, while IRBO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ROBO ROBO Global Robotics & Automation Index ETF | 0.05% | 0.05% | 0.00% | 0.18% | 0.20% | 0.37% | 0.37% | 0.02% | 0.19% | 0.28% | 0.28% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.54% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ROBO vs. IRBO - Drawdown Comparison
Volatility
ROBO vs. IRBO - Volatility Comparison
ROBO Global Robotics & Automation Index ETF (ROBO) has a higher volatility of 5.28% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 0.00%. This indicates that ROBO'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.