IRBO — iShares Future AI & Tech ETF

IRBO Price Performance — Growth of $10,000

Value of a $10,000 investment in IRBO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IRBO Drawdown

The "underwater" chart: IRBO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Future AI & Tech ETF (IRBO) is a thematic fund issued by iShares that currently holds an asset base of $788 million. Trading at $65.43 per share, the fund carries an expense ratio of 0.47% and offers a dividend yield of 0.58%. Within the broader universe of 458 tracked ETFs, IRBO holds an overall rank of #220 and has received an ETFValuer grade of C with a score of 61.4 out of 100. The fund operates within a specific thematic category that contains 17 ETFs tracked by the platform. Its asset under management size and price point reflect its position among thematic equity vehicles focused on artificial intelligence and technology sectors. The combination of a moderate expense ratio and a low dividend yield suggests a growth-oriented structure typical for this asset class. Current metrics indicate the fund is actively managed within its niche but faces competition from a larger pool of 458 total ETFs.

Recent price action shows a sharp decline over the immediate term, with the fund falling 0.94% in one day and 9.75% over one week. This short-term weakness contrasts with a significant recovery and acceleration over longer horizons, as the fund gained 12.83% in one month and 13.56% over three months. The upward momentum intensified further, delivering a 29.67% return over six months and a year-to-date gain of 31.94%. Over the past year, the fund achieved a total return of 56.89%, marking a substantial increase compared to its shorter-term fluctuations. Data for the three-year return period is not currently available for this security. The trajectory illustrates a pattern where recent volatility has been followed by strong multi-month and annual gains.

The fund is assigned a Very High volatility label and exhibits a beta of 1.33, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.45 suggests that the returns generated have been efficient relative to the amount of risk taken over the measured period. Despite these positive risk-adjusted metrics, the fund experienced a maximum drawdown of -32.44%, highlighting the potential for significant temporary losses during market downturns. The combination of high beta and a deep drawdown implies that the fund can experience severe declines even as it posts strong annual returns. Investors in this vehicle should anticipate substantial price swings that exceed the average market movement in both directions. The data indicates a high-risk profile where large gains are accompanied by the potential for equally large losses.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IRBO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 329K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $788M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IRBO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IRBO Performance History

How IRBO Compares to Other Thematic ETFs