ROBT vs. IRBO
Compare and contrast key facts about First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
ROBT and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 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 ROBT 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: ROBT or IRBO.
Key characteristics
| ROBT | IRBO |
|---|
Correlation
The correlation between ROBT and IRBO is 0.91, 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
ROBT 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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ROBT vs. IRBO - Expense Ratio Comparison
ROBT has a 0.65% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
ROBT vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) 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
ROBT vs. IRBO - Dividend Comparison
ROBT's dividend yield for the trailing twelve months is around 0.24%, while IRBO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 0.24% | 0.24% | 0.36% | 0.06% | 0.17% | 0.42% | 0.44% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.54% | 0.62% | 0.13% | 1.14% | 0.53% | 0.69% | 0.34% |
Drawdowns
ROBT vs. IRBO - Drawdown Comparison
Volatility
ROBT vs. IRBO - Volatility Comparison
First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a higher volatility of 6.49% compared to iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) at 0.00%. This indicates that ROBT'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.