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ETFs

ROBO Global Robotics & Automation Index ETF

ROBO
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 22 2013
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$3,896,746
AUM
$1,271,302,500
Associated Index
ROBO Global Robotics and Automation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ISRG
Intuitive Surgical Inc
1.82%
1590
Airtac International Group
1.81%
KARN
Kardex Holding AG - Registered Shares
1.79%
6383
Daifuku Co. Ltd
1.77%
6954
Fanuc Corporation
1.74%
CGNX
Cognex Corp.
1.68%
NOW
ServiceNow Inc
1.67%
6201
Toyota Industries Corp.
1.66%
IPGP
IPG Photonics Corp
1.65%
AZTA
Azenta Inc
1.63%
Invest with ROBO

What is ROBO?

The ROBO Global Robotics & Automation ETF (ROBO) invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), including companies that create technology to enable truly intelligent systems that can sense, process, and act, and companies that apply those technologies to deliver RAAI-enabled products including robots to businesses and consumers.

ETFs related toROBO

ETFs correlated to ROBO include BOTZ, ROBT, XT

ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
BOTZ
Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies 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
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 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.

FAQ

ROBO is a Global Equities ETF. The ROBO Global Robotics & Automation ETF (ROBO) invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), including companies that create technology to enable truly intelligent systems that can sense, process, and act, and companies that apply those technologies to deliver RAAI-enabled products including robots to businesses and consumers.

ROBO tracks the ROBO Global Robotics and Automation Index.

No, ROBO 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, ROBO 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 ROBO is -0.0461%. This is the percent change in the value of ROBO over the most recent 1-month period. The 3-month return on ROBO is -0.1123%. This is the percent change in the value of ROBO over the most recent 3-month period.

The standard deviation of ROBO for the past year is 0.2293%. 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 ROBO include PBW, IGF, and ARKK.

ETFs correlated to ROBO include BOTZ, ROBT, and XT.

ETFs that are inversely correlated to ROBO include HIBS, SDS, and SPXU.

Disclaimers

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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.