BOTT vs. SPAM

Last updated Jul 14, 2026

BOTT (Themes Humanoid Robotics ETF) and SPAM (Themes Cybersecurity ETF) are both exchange-traded funds - BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index, while SPAM is a Technology Equities fund tracking the Solactive Cyber Security Index - Benchmark TR Net. Both are passively managed. Over the past year, BOTT returned 44.42% vs 35.08% for SPAM. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

BOTT vs. SPAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Humanoid Robotics ETF (BOTT) and Themes Cybersecurity ETF (SPAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOTT achieves a 4.46% return, which is significantly lower than SPAM's 37.89% return.

BOTT

• 1D: -6.48%
• 1M: -11.09%
• 6M: -1.61%
• YTD: 4.46%
• 1Y: 44.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPAM

• 1D: -0.15%
• 1M: 10.38%
• 6M: 31.89%
• YTD: 37.89%
• 1Y: 35.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOTT vs. SPAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BOTT Themes Humanoid Robotics ETF	4.46%	55.56%	10.73%
SPAM Themes Cybersecurity ETF	37.89%	4.86%	14.19%

Correlation

The correlation between BOTT and SPAM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024	0.50

The correlation between BOTT and SPAM shifts across timeframes, from 0.38 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

BOTT vs. SPAM - Sectors Allocation Comparison

Sectors	BOTT	SPAM
Industrials	44.3%	4.4%
Technology	17.5%	89.6%
Consumer Cyclical	11.9%	-
Financial Services	0.0%	0.1%
Basic Materials	-	-
Communication Services	-	5.7%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	0.4%
Utilities	-	-

Return for Risk

BOTT vs. SPAM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOTT

BOTT Risk / Return Rank: 36
BOTT Sharpe Ratio Rank: 38
BOTT Sortino Ratio Rank: 40
BOTT Omega Ratio Rank: 36
BOTT Calmar Ratio Rank: 36
BOTT Martin Ratio Rank: 29

SPAM

SPAM Risk / Return Rank: 39
SPAM Sharpe Ratio Rank: 45
SPAM Sortino Ratio Rank: 43
SPAM Omega Ratio Rank: 42
SPAM Calmar Ratio Rank: 36
SPAM Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOTT vs. SPAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Humanoid Robotics ETF (BOTT) and Themes Cybersecurity ETF (SPAM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOTT	SPAM	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.27	-0.16
Sortino ratio: Return per unit of downside risk	1.70	1.79	-0.10
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.45	1.47	-0.02
Martin ratio: Return relative to average drawdown	3.31	3.23	+0.08

BOTT vs. SPAM - Sharpe Ratio Comparison

The current BOTT Sharpe Ratio is 1.10, which is comparable to the SPAM Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of BOTT and SPAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOTT vs. SPAM - Drawdown Comparison

The maximum BOTT drawdown since its inception was -30.74%, which is greater than SPAM's maximum drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for BOTT and SPAM.

Drawdown Indicators

	BOTT	SPAM	Difference
Max Drawdown Largest peak-to-trough decline	-30.74%	-24.02%	-6.72%
Max Drawdown (1Y) Largest decline over 1 year	-30.74%	-24.02%	-6.72%
Current Drawdown Current decline from peak	-30.09%	-2.88%	-27.21%
Average Drawdown Average peak-to-trough decline	-7.46%	-6.52%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.46%	10.89%	+2.57%

Volatility

BOTT vs. SPAM - Volatility Comparison

Themes Humanoid Robotics ETF (BOTT) has a higher volatility of 15.65% compared to Themes Cybersecurity ETF (SPAM) at 7.88%. This indicates that BOTT's price experiences larger fluctuations and is considered to be riskier than SPAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOTT	SPAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.65%	7.88%	+7.77%
Volatility (6M) Calculated over the trailing 6-month period	34.26%	23.74%	+10.52%
Volatility (1Y) Calculated over the trailing 1-year period	40.52%	27.91%	+12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.45%	24.94%	+9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.45%	24.94%	+9.51%

BOTT vs. SPAM - Expense Ratio Comparison

Both BOTT and SPAM have an expense ratio of 0.35%.

Dividends

BOTT vs. SPAM - Dividend Comparison

BOTT's dividend yield for the trailing twelve months is around 0.13%, less than SPAM's 0.36% yield.

Position	TTM	2025	2024
BOTT Themes Humanoid Robotics ETF	0.13%	0.14%	1.74%
SPAM Themes Cybersecurity ETF	0.36%	0.49%	0.13%

Frequently Asked Questions

Can I hold both BOTT and SPAM in my portfolio?

BOTT and SPAM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOTT or SPAM?

BOTT has higher volatility (15.65%) compared to SPAM (7.88%). In terms of maximum drawdown, BOTT dropped -30.74% vs SPAM's -24.02%.

Which ETF is better, BOTT or SPAM?

On 1-year performance, BOTT leads with 44.42% vs 35.08% for SPAM. Both ETFs have the same 0.35% expense ratio. On volatility, SPAM has been the lower-risk option at 7.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOTT or SPAM?

Over the 1-year period, BOTT has performed better with a 44.42% return vs 35.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOTT or SPAM?

BOTT and SPAM have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, BOTT or SPAM?

SPAM has the higher dividend yield at 0.36%, compared with 0.13% for BOTT.

What is the main difference between BOTT and SPAM?

BOTT is categorized as Robotics, while SPAM is Technology Equities. BOTT tracks Solactive Global Humanoid Robotics Index, while SPAM tracks Solactive Cyber Security Index - Benchmark TR Net.

Which has better risk-adjusted returns?

SPAM currently has the higher Sharpe Ratio (1.27 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.