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 a price of $65.43, the fund carries an expense ratio of 0.47% and offers a dividend yield of 0.58%. In the broader landscape of 458 tracked ETFs, IRBO holds an overall rank of #223 with an ETFValuer grade of C, reflecting a score of 61.3 out of 100. Within its specific thematic category, the fund competes against 16 other ETFs tracked by the platform. The current asset size and price point suggest a moderate level of investor adoption relative to the fund's specialized focus. Its positioning places it in the middle tier of the overall universe while maintaining a distinct identity within the thematic sector.

Recent performance data reveals a sharp divergence between short-term declines and significant long-term gains. The fund experienced a 1-day return of -0.94% and a 1-week drop of -9.75%, followed by a further 1-month decline of -12.83%. However, the trend reversed over longer horizons, with a 3-month return of +13.56% and a 6-month gain of +29.67%. Year-to-date performance stands at +31.94%, while the 1-year return reached +56.89%. No 3-year return data is currently available for this fund. This pattern indicates a period of recent volatility that has been overshadowed by substantial appreciation over the past year.

IRBO is classified with a Very High volatility label and exhibits a beta of 1.33, indicating it moves more aggressively than the broader market. The fund has experienced a maximum drawdown of -32.44%, highlighting the potential for significant capital erosion during downturns. Despite these elevated risks, the fund has generated a Sharpe ratio of 1.45, suggesting that the returns achieved have compensated well for the volatility incurred. This combination of high beta and deep drawdowns implies the fund is highly sensitive to market swings. The positive Sharpe ratio demonstrates that the recent strong returns have offset the inherent instability of the asset class.

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

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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