ROBT vs. CLIX
ROBT (First Trust Nasdaq Artificial Intelligence & Robotics ETF) and CLIX (ProShares Long Online/Short Stores ETF) are both exchange-traded funds - ROBT is a Technology Equities fund tracking the Nasdaq CTA Artificial Intelligence and Robotics Index, while CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index. Both are passively managed. Over the past 5 years, ROBT returned -0.08%/yr vs -7.82%/yr for CLIX. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
ROBT vs. CLIX - Performance Comparison
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Returns By Period
In the year-to-date period, ROBT achieves a 3.51% return, which is significantly higher than CLIX's -8.57% return.
ROBT
- 1D
- -2.40%
- 1M
- -3.90%
- YTD
- 3.51%
- 6M
- 1.75%
- 1Y
- 17.15%
- 3Y*
- 6.95%
- 5Y*
- -0.08%
- 10Y*
- —
CLIX
- 1D
- 0.70%
- 1M
- -5.51%
- YTD
- -8.57%
- 6M
- -8.64%
- 1Y
- 9.82%
- 3Y*
- 17.63%
- 5Y*
- -7.82%
- 10Y*
- —
ROBT vs. CLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 3.51% | 15.16% | -0.41% | 27.77% | -34.94% | 9.91% | 46.18% | 34.28% | -14.66% |
CLIX ProShares Long Online/Short Stores ETF | -8.57% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | -10.99% |
Correlation
The correlation between ROBT and CLIX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2018 | 0.65 |
The correlation between ROBT and CLIX shifts across timeframes, from 0.59 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROBT vs. CLIX — Risk / Return Rank
ROBT
CLIX
ROBT vs. CLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) and ProShares Long Online/Short Stores ETF (CLIX). 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.
| ROBT | CLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.50 | +0.29 |
| Martin ratioReturn relative to average drawdown | 2.22 | 1.29 | +0.93 |
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Drawdowns
ROBT vs. CLIX - Drawdown Comparison
The maximum ROBT drawdown since its inception was -44.47%, smaller than the maximum CLIX drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for ROBT and CLIX.
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Drawdown Indicators
| ROBT | CLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.47% | -73.21% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.66% | -19.57% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -21.18% | -6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.26% | -68.22% | +24.96% |
Current DrawdownCurrent decline from peak | -10.93% | -45.99% | +35.06% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -34.75% | +18.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 7.61% | +0.14% |
Volatility
ROBT vs. CLIX - Volatility Comparison
First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a higher volatility of 10.81% compared to ProShares Long Online/Short Stores ETF (CLIX) at 6.64%. This indicates that ROBT's price experiences larger fluctuations and is considered to be riskier than CLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROBT | CLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 6.64% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 16.31% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 21.47% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 27.05% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 25.92% | -0.33% |
ROBT vs. CLIX - Expense Ratio Comparison
Both ROBT and CLIX have an expense ratio of 0.65%.
Dividends
ROBT vs. CLIX - Dividend Comparison
ROBT has not paid dividends to shareholders, while CLIX's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.58% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 0.00% | 0.00% | 0.68% | 0.23% | 0.35% | 0.06% | 0.17% | 0.42% | 0.44% |
Frequently Asked Questions
ROBT and CLIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROBT has higher volatility (10.81%) compared to CLIX (6.64%). In terms of maximum drawdown, ROBT dropped -44.47% vs CLIX's -73.21%.
On 5-year performance, ROBT leads with -0.08% vs -7.82% for CLIX. Both ETFs have the same 0.65% expense ratio. On volatility, CLIX has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROBT has performed better with a -0.08% return vs -7.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROBT and CLIX have the same expense ratio: 0.65% per year.
CLIX has the higher dividend yield at 0.58%, compared with 0.00% for ROBT.
ROBT is categorized as Technology Equities, while CLIX is Long-Short. ROBT tracks Nasdaq CTA Artificial Intelligence and Robotics Index, while CLIX tracks ProShares Long Online/Short Stores Index. They also come from different issuers: First Trust and ProShares.
ROBT currently has the higher Sharpe Ratio (0.70 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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