TECH.AX vs. ROBO.AX

Last updated Jul 16, 2026

TECH.AX (Global X Morningstar Global Technology ETF) and ROBO.AX (Global X ROBO Global Robotics & Automation ETF) are both exchange-traded funds - TECH.AX is a Technology Equities fund tracking the Global X Morningstar Global Technology Index, while ROBO.AX is a Global Equities fund tracking the Global X ROBO Global Robotics & Automation Index. Both are passively managed. Over the past 5 years, TECH.AX returned 9.17%/yr vs 6.26%/yr for ROBO.AX. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

TECH.AX vs. ROBO.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Global X Morningstar Global Technology ETF (TECH.AX) and Global X ROBO Global Robotics & Automation ETF (ROBO.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECH.AX achieves a 13.34% return, which is significantly higher than ROBO.AX's 10.71% return.

TECH.AX

• 1D: -0.93%
• 1M: -1.39%
• 6M: 13.58%
• YTD: 13.34%
• 1Y: 10.92%
• 3Y*: 13.91%
• 5Y*: 9.17%
• 10Y*: —

ROBO.AX

• 1D: -0.97%
• 1M: -3.97%
• 6M: 4.45%
• YTD: 10.71%
• 1Y: 25.10%
• 3Y*: 10.55%
• 5Y*: 6.26%
• 10Y*: —

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

TECH.AX vs. ROBO.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECH.AX Global X Morningstar Global Technology ETF	13.34%	0.78%	22.63%	38.47%	-29.11%	22.40%	34.82%	39.22%	12.39%	8.82%
ROBO.AX Global X ROBO Global Robotics & Automation ETF	10.71%	15.06%	8.41%	22.97%	-28.81%	22.23%	32.89%	29.65%	-13.06%	12.80%

Correlation

The correlation between TECH.AX and ROBO.AX 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	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017	0.78

The correlation between TECH.AX and ROBO.AX shifts across timeframes, from 0.59 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TECH.AX vs. ROBO.AX — Risk / Return Rank

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

TECH.AX

TECH.AX Risk / Return Rank: 18
TECH.AX Sharpe Ratio Rank: 20
TECH.AX Sortino Ratio Rank: 20
TECH.AX Omega Ratio Rank: 20
TECH.AX Calmar Ratio Rank: 15
TECH.AX Martin Ratio Rank: 15

ROBO.AX

ROBO.AX Risk / Return Rank: 40
ROBO.AX Sharpe Ratio Rank: 37
ROBO.AX Sortino Ratio Rank: 38
ROBO.AX Omega Ratio Rank: 37
ROBO.AX Calmar Ratio Rank: 45
ROBO.AX Martin Ratio Rank: 43

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.

TECH.AX vs. ROBO.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Morningstar Global Technology ETF (TECH.AX) and Global X ROBO Global Robotics & Automation ETF (ROBO.AX). 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.

	TECH.AX	ROBO.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.13	-0.57
Sortino ratio: Return per unit of downside risk	0.93	1.66	-0.74
Omega ratio: Gain probability vs. loss probability	1.11	1.21	-0.10
Calmar ratio: Return relative to maximum drawdown	0.46	1.88	-1.43
Martin ratio: Return relative to average drawdown	0.99	5.71	-4.72

TECH.AX vs. ROBO.AX - Sharpe Ratio Comparison

The current TECH.AX Sharpe Ratio is 0.57, which is lower than the ROBO.AX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of TECH.AX and ROBO.AX, 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

TECH.AX vs. ROBO.AX - Drawdown Comparison

The maximum TECH.AX drawdown since its inception was -31.78%, smaller than the maximum ROBO.AX drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for TECH.AX and ROBO.AX.

Drawdown Indicators

	TECH.AX	ROBO.AX	Difference
Max Drawdown Largest peak-to-trough decline	-31.78%	-34.87%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-26.30%	-13.46%	-12.84%
Max Drawdown (3Y) Largest decline over 3 years	-26.49%	-25.40%	-1.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.78%	-34.87%	+3.09%
Current Drawdown Current decline from peak	-6.24%	-9.33%	+3.09%
Average Drawdown Average peak-to-trough decline	-7.73%	-9.97%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	4.49%	+7.78%

Volatility

TECH.AX vs. ROBO.AX - Volatility Comparison

The current volatility for Global X Morningstar Global Technology ETF (TECH.AX) is 6.78%, while Global X ROBO Global Robotics & Automation ETF (ROBO.AX) has a volatility of 7.93%. This indicates that TECH.AX experiences smaller price fluctuations and is considered to be less risky than ROBO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECH.AX	ROBO.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	7.93%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	18.70%	19.03%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	21.13%	22.37%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.61%	20.03%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	19.76%	+1.27%

Dividends

TECH.AX vs. ROBO.AX - Dividend Comparison

TECH.AX's dividend yield for the trailing twelve months is around 3.40%, less than ROBO.AX's 10.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROBO.AX Global X ROBO Global Robotics & Automation ETF	10.35%	0.20%	0.19%	0.53%	8.00%	8.53%	0.62%	0.31%	2.09%	0.00%
TECH.AX Global X Morningstar Global Technology ETF	3.40%	11.08%	6.23%	0.50%	4.95%	13.65%	7.67%	7.75%	6.07%	0.84%

Frequently Asked Questions

Can I hold both TECH.AX and ROBO.AX in my portfolio?

TECH.AX and ROBO.AX 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.

What is the main difference between TECH.AX and ROBO.AX?

TECH.AX is categorized as Technology Equities, while ROBO.AX is Global Equities. TECH.AX tracks Global X Morningstar Global Technology Index, while ROBO.AX tracks Global X ROBO Global Robotics & Automation Index.