Exchange-Traded Funds (ETFs) have transformed the investment landscape, providing investors with diversified exposure to various sectors and asset classes. In this article, we delve into a comprehensive comparison between two notable ETFs: IRBO (iShares Robotics and Artificial Intelligence Multisector ETF) and ROBO (ROBO Global Robotics and Automation Index ETF). Our exploration will encompass ETF tickers, full names, issuers, sectors, top holdings, capitalization, strategy, tracking, and exposure.
IRBO and ROBO are distinct ETFs offering exposure to the burgeoning fields of robotics and artificial intelligence. While both funds tap into the transformative potential of these technologies, their specific approaches and underlying holdings differ significantly. We'll uncover the nuances that set these two ETFs apart in the sections to follow.
IRBO focuses on a wide spectrum of sectors related to robotics and artificial intelligence. Its top holdings include companies at the forefront of technological innovation, such as NVIDIA, Teradyne, and ABB Ltd. In contrast, ROBO's portfolio emphasizes automation and robotics companies, with key constituents like Intuitive Surgical, Daifuku, and Cognex. Exploring the sectors and top holdings provides insights into the specialization and diversification of each ETF.
IRBO overlap IRBO VS ROBO: A Comprehensive Comparison of ETFs
IRBO boasts a substantial asset under management (AUM), reflecting investor interest in the transformative potential of robotics and AI. Its strategy centers on providing exposure to companies leading in innovation and technological advancement. On the other hand, ROBO follows an index composed of global robotics and automation leaders, aiming to capture the growth potential of this dynamic industry. The differences in capitalization and strategy contribute to the distinct risk-return profiles of these ETFs.
IRBO seeks to mirror the performance of the NYSE FactSet Global Robotics and Artificial Intelligence Index. It achieves this through investments in companies that contribute to the development and implementation of robotics and AI technologies. ROBO, on the other hand, tracks the ROBO Global Robotics and Automation Index, offering exposure to companies driving automation and robotics across various industries. Understanding their tracking methods and exposure strategies aids investors in aligning their investment goals with the ETF that best suits their preferences.
IRBO and ROBO present investors with distinct avenues to participate in the transformative worlds of robotics and artificial intelligence. Those seeking in-depth insights into holdings, correlations, overlaps, and other critical metrics can rely on ETF insider—a user-friendly app that offers comprehensive details about these and other financial instruments.
Disclaimer: This article does not provide any investment advisory services.
Sources:
IRBO ETF issuer
IRBO ETF official page
Discover the top holdings, correlations, and overlaps of ETFs using our visualization tool.
Our app allows you to build and track your portfolio.
To learn more about the IRBO iShares Robotics and Artificial Intelligence Multisector ETF, access our dedicated page now.