RYH vs. IRBO
Compare and contrast key facts about Invesco S&P 500® Equal Weight Health Care ETF (RYH) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).
RYH and IRBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYH is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Health Care. It was launched on Nov 7, 2006. 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 RYH 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: RYH or IRBO.
Key characteristics
| RYH | IRBO |
|---|
Correlation
The correlation between RYH and IRBO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RYH 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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RYH vs. IRBO - Expense Ratio Comparison
RYH has a 0.40% expense ratio, which is lower than IRBO's 0.47% expense ratio.
Risk-Adjusted Performance
RYH vs. IRBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Health Care ETF (RYH) 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
RYH vs. IRBO - Dividend Comparison
RYH has not paid dividends to shareholders, while IRBO's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYH Invesco S&P 500® Equal Weight Health Care ETF | 0.68% | 0.69% | 0.64% | 0.50% | 0.51% | 0.54% | 0.53% | 0.47% | 0.48% | 0.49% | 0.43% | 0.42% |
IRBO iShares Robotics and Artificial Intelligence Multisector ETF | 0.89% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RYH vs. IRBO - Drawdown Comparison
Volatility
RYH vs. IRBO - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Health Care ETF (RYH) is 0.00%, while iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) has a volatility of 5.53%. This indicates that RYH experiences smaller price fluctuations and is considered to be less risky than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.