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ETFs

iShares Robotics and Artificial Intelligence Multisector ETF

IRBO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 26 2018
Expense Ratio
0.47%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$3,657,864
AUM
$470,949,226
Associated Index
NYSE FactSet Global Robotics and Artificial Intelligence Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

3035
Faraday Technology Corp.
1.57%
MP1
Megaport Limited
1.39%
1357
Meitu Inc
1.37%
3661
Alchip Technologies Ltd.
1.35%
SPLK
Splunk Inc
1.32%
YY
JOYY Inc - ADR
1.30%
FUBO
fuboTV Inc
1.29%
2388
Via Technologies
1.26%
543390
PB Fintech Ltd.
1.17%
FRSH
Freshworks Inc - Ordinary Shares Class A
1.15%
Invest with IRBO

What is IRBO?

The iShares Robotics and Artificial Intelligence ETF seeks to track the investment results of an index composed of developed and emerging market companies that could benefit from the long-term growth and innovation in robotics technologies and artificial intelligence. The Fund seeks to track the investment results of the NYSE FactSet Global Robotics and Artificial Intelligence Index (the Underlying Index ), which measures the performance of equity securities issued by companies involved in robotics and artificial intelligence activities (as determined by ICE Data Indices, LLC (the Index Provider or IDI )).

ETFs related toIRBO

ETFs correlated to IRBO include XT, WTAI, METV

IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIRBO

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with IRBO using Composer

FAQ

IRBO is a Global Equities ETF. The iShares Robotics and Artificial Intelligence ETF seeks to track the investment results of an index composed of developed and emerging market companies that could benefit from the long-term growth and innovation in robotics technologies and artificial intelligence. The Fund seeks to track the investment results of the NYSE FactSet Global Robotics and Artificial Intelligence Index (the Underlying Index ), which measures the performance of equity securities issued by companies involved in robotics and artificial intelligence activities (as determined by ICE Data Indices, LLC (the Index Provider or IDI )).

IRBO tracks the NYSE FactSet Global Robotics and Artificial Intelligence Index.

No, IRBO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IRBO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IRBO is -0.0137%. This is the percent change in the value of IRBO over the most recent 1-month period. The 3-month return on IRBO is -0.046%. This is the percent change in the value of IRBO over the most recent 3-month period.

The standard deviation of IRBO for the past year is 0.2593%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IRBO include PBW, IGF, and ARKK.

ETFs correlated to IRBO include XT, WTAI, and METV.

ETFs that are inversely correlated to IRBO include HIBS, WEBS, and BERZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.