IRBO

iShares Robotics and Artificial Intelligence

The iShares Robotics and Artificial Intelligence ETF tracks an equal-weighted index of global equities involved in robotics and artificial intelligence.


1.8%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 11st

AVOID

Recommendation
Fund Basics
Fund sponsorBlackRock
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJun 26, 2018
Assets (mns)$30
Expense ratio47 bp
CurrencyUSD
Constituent Breakdown
No. of constituents87
Herfindahl-Hirschman Index 107
Wgt avg mkt cap (mns)$69,858
Large cap (>$10bn)48.8%
Mid cap ($2-10bn)27.0%
Small cap (<$2bn)24.2%
Developed mkts.82.3%
Emerging mkts.17.7%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingEqual
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CLOUDERA, INC. 2.3 %
LATTICE SEMICONDUCTOR CORP 1.8 %
MEITU, INC 1.7 %
SNAP, INC. CLASS A 1.6 %
MOMO INC SPONSORED ADR CLASS A 1.5 %
IROBOT CORP 1.4 %
XILINX INC 1.3 %
NETFLIX INC 1.3 %
NEMETSCHEK AG 1.3 %
MAXLINEAR INC-CLASS A 1.3 %
Sector Breakdown
Country Exposure
UNITED STATES 53.1 %
JAPAN 9.0 %
CHINA 8.3 %
TAIWAN 4.0 %
FRANCE 3.6 %
Historical Performance


Standardized Annual Returns (as of 02/28/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
22.1% 0.0% 0.0% 0.0% 0.0% 0.0% 4.0%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)29
Turnover2.4%
Avg. Bid/Ask (% of price)0.29%
ADV of underlying (mns)$58,660
Technical Indicators
Recent close$24.82
30d moving avg.$24.21
Annualized volatility0.0%
Relative strength (RSI)66
Short interest (ETF)1.4%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  IRBO Difference
Fund expenses -- --
Bid/Ask spread -- --
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Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. IRBO
Expenses
vs. IRBO
ALTAR Score™
vs. IRBO
QTUM Defiance Quantum 23.6% -7 bp +3.1%
AIQ Global X Future Analytics Tech 23.2% +21 bp +2.8%
XITK SPDR FactSet Innovative Technology 21.5% -2 bp +1.3%
AUGR Defiance Future Tech 21.4% -7 bp +2.1%
ROBO Robo Global Robotics & Automation 20.1% +48 bp +2.3%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 18.7% +18 bp +2.0%
JHMT John Hancock Multifactor Technology 18.6% -7 bp +4.1%
SPHB Invesco S&P 500 High Beta 18.0% -22 bp +3.8%
IGM iShares S&P N. American Technology 17.4% 0 bp +2.7%
XNTK SPDR NYSE Technology 17.4% -12 bp +3.6%
DTEC ALPS Disruptive Technologies 17.3% +3 bp +1.6%
OGIG O'Shares Global Internet Giants 17.2% +1 bp -0.4%
QQEW First Trust NASDAQ 100 Equal Weight 17.1% +13 bp +3.8%
QQQE Direxion NASDAQ-100 Equal Weight 17.1% -12 bp +4.0%
IETC iShares Evolved U.S. Technology 16.2% -29 bp +3.0%
RYT Invesco S&P Equal Weight Technology 15.7% -7 bp +4.3%
IYW iShares US Technology 15.6% -4 bp +3.4%
ARKW ARK Web x.O 15.6% +28 bp -1.4%
QTEC First Trust NASDAQ 100 Tech 15.5% +11 bp +4.5%
QYLD Global X NASDAQ 100 Covered Call ETF 15.3% +13 bp +3.1%

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Results & Estimates
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

IRBO

1.8%

Cat. Avg

5.2%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™1.8%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

Category Overview
There are 191 funds in the Global Equities category, with an average ALTAR Score™ of 5.2% and a standard deviation of 2.8%. IRBO's ALTAR Score™ is approximately 1.2 standard deviations below the category average. This places IRBO in the 11st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
IRBO
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Where to Trade IRBO
Commission
on IRBO1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 357
$0.00 291
$1.00 54
$4.95 500
$4.95 114
$6.95 308
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.