The iShares Robotics and Artificial Intelligence ETF is weighted towards high-growth tech stocks like iQIYI and Kingsoft Cloud Holdings, which have struggled on the back of rising interest rates. New advances in the AI industry, however, could help to turn around the fund's performance. The iShares Robotics and Artificial Intelligence ETF [IRBO] has dropped in value by 31.7% in the last year. The fund, which has a large exposure in tech and emerging market companies, has been at a disadvantage this year as investors favour the stability of larger asset-heavy shares. Rising interest rates have also impacted the discounted valuations of the high-growth shares held within the fund.

For investors looking for momentum, iShares Robotics and Artificial Intelligence Multisector ETF IRBO is probably a suitable pick. The fund just hit a 52-week high and is up 71.9% from its 52-week low price of $19.10/share. Let's take a look at the fund and its near-term outlook to gain an insight into where it might be headed: This ETF seeks to track the investment results of an index composed of developed and emerging market companies that could benefit from the long-term growth and innovation in robotics technologies and AI. It has AUM of $176.1 million and charges 47 basis points (bps) in annual fees. Due to the coronavirus outbreak, the robotics market is flooded with opportunities as robots are being used for jobs such as sanitizing hospitals, homes and workplaces along with monitoring, surveying, handling, and delivering food and medicines.