SEMI.AS vs. IRBO

Last updated Jun 24, 2026

SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and IRBO (iShares Future AI & Tech ETF) are both exchange-traded funds - SEMI.AS is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while IRBO is a Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index. Both are passively managed. Over the past 3 years, SEMI.AS returned 61.99%/yr vs 33.04%/yr for IRBO. A 0.61 correlation means they provide meaningful diversification when combined. SEMI.AS charges 0.35%/yr vs 0.47%/yr for IRBO.

Performance

SEMI.AS vs. IRBO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and iShares Future AI & Tech ETF (IRBO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI.AS achieves a 102.46% return, which is significantly higher than IRBO's 54.55% return.

SEMI.AS

• 1D: -7.11%
• 1M: 12.96%
• YTD: 102.46%
• 6M: 105.22%
• 1Y: 191.43%
• 3Y*: 61.99%
• 5Y*: —
• 10Y*: —

IRBO

• 1D: -6.30%
• 1M: 8.26%
• YTD: 54.55%
• 6M: 54.11%
• 1Y: 93.11%
• 3Y*: 33.04%
• 5Y*: 11.69%
• 10Y*: —

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

SEMI.AS vs. IRBO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	102.46%	52.80%	15.12%	65.80%	-35.80%	14.91%
IRBO iShares Future AI & Tech ETF	54.55%	29.97%	8.02%	36.37%	-37.89%	-3.11%

Correlation

The correlation between SEMI.AS and IRBO is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.61

The correlation between SEMI.AS and IRBO shifts across timeframes, from 0.61 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SEMI.AS vs. IRBO — Risk / Return Rank

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

SEMI.AS

SEMI.AS Risk / Return Rank: 97
SEMI.AS Sharpe Ratio Rank: 98
SEMI.AS Sortino Ratio Rank: 96
SEMI.AS Omega Ratio Rank: 95
SEMI.AS Calmar Ratio Rank: 98
SEMI.AS Martin Ratio Rank: 97

IRBO

IRBO Risk / Return Rank: 81
IRBO Sharpe Ratio Rank: 88
IRBO Sortino Ratio Rank: 71
IRBO Omega Ratio Rank: 76
IRBO Calmar Ratio Rank: 88
IRBO Martin Ratio Rank: 83

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.

SEMI.AS vs. IRBO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) 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.

	SEMI.AS	IRBO	Difference
Sharpe ratio: Return per unit of total volatility	5.32	2.74	+2.59
Sortino ratio: Return per unit of downside risk	5.20	3.07	+2.13
Omega ratio: Gain probability vs. loss probability	1.68	1.42	+0.26
Calmar ratio: Return relative to maximum drawdown	12.89	4.98	+7.91
Martin ratio: Return relative to average drawdown	45.20	16.28	+28.92

SEMI.AS vs. IRBO - Sharpe Ratio Comparison

The current SEMI.AS Sharpe Ratio is 5.32, which is higher than the IRBO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of SEMI.AS and IRBO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEMI.AS vs. IRBO - Drawdown Comparison

The maximum SEMI.AS drawdown since its inception was -45.27%, smaller than the maximum IRBO drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and IRBO.

Drawdown Indicators

	SEMI.AS	IRBO	Difference
Max Drawdown Largest peak-to-trough decline	-45.27%	-54.50%	+9.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-18.81%	+4.24%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	-32.44%	-5.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.53%	—
Current Drawdown Current decline from peak	-7.11%	-7.78%	+0.67%
Average Drawdown Average peak-to-trough decline	-13.25%	-19.76%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	5.74%	-1.56%

Volatility

SEMI.AS vs. IRBO - Volatility Comparison

The current volatility for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) is 15.24%, while iShares Future AI & Tech ETF (IRBO) has a volatility of 19.32%. This indicates that SEMI.AS 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.

Volatility by Period

	SEMI.AS	IRBO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.24%	19.32%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	30.00%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	34.22%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.06%	29.57%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.06%	28.30%	+3.76%

SEMI.AS vs. IRBO - Expense Ratio Comparison

SEMI.AS has a 0.35% expense ratio, which is lower than IRBO's 0.47% expense ratio.

Dividends

SEMI.AS vs. IRBO - Dividend Comparison

SEMI.AS has not paid dividends to shareholders, while IRBO's dividend yield for the trailing twelve months is around 0.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IRBO iShares Future AI & Tech ETF	0.06%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEMI.AS and IRBO in my portfolio?

SEMI.AS and IRBO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEMI.AS or IRBO?

On fees, SEMI.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEMI.AS or IRBO?

SEMI.AS is cheaper with a 0.35% expense ratio, compared with 0.47% for IRBO.

What is the main difference between SEMI.AS and IRBO?

SEMI.AS is categorized as Semiconductors, while IRBO is Robotics. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while IRBO tracks Morningstar Global Artificial Intelligence Select Index. Their fees differ too: 0.35% for SEMI.AS and 0.47% for IRBO.