The Robotics & Automation ETF (NYSE: ROBO) declined 16.86% in Q1, marking the third-worst quarterly performance since inception and leaving robotics and automation stocks well below their all-time high of November 2021. The Healthcare Technology & Innovation ETF (NYSE: HTEC) also dropped 16.41%, and the Artificial Intelligence ETF (NYSE: THNQ) was down 15.46%.
While fundamentals remain strong across the board, valuation multiples have compressed under the weight of the fastest rates of inflation in decades, leaving the valuations of the ROBO Global ETFs in line with long-term historical averages. In this report, we discuss key developments and big movers across our innovation portfolios.
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original costs. Current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please call 1-855-456-7626 or visit www.roboglobaletfs.com. (SI) since inception
Expense ratios – ROBO: 0.95%, HTEC: 0.68% (through August 31, 2021), THNQ: 0.68% (through August 31, 2021) High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.