FAI vs. PBOT

Last updated Aug 5, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and PBOT (Pictet AI & Automation ETF) are both Artificial Intelligence funds. FAI is passively managed, while PBOT is actively managed. Their correlation of 0.93 means they have usually moved in the same direction. FAI charges 0.65%/yr vs 0.70%/yr for PBOT.

Performance

FAI vs. PBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Artificial Intelligence ETF (FAI) and Pictet AI & Automation ETF (PBOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAI achieves a 32.45% return, which is significantly higher than PBOT's 26.50% return.

FAI

• 1D: 4.39%
• 1M: 5.49%
• 6M: 34.12%
• YTD: 32.45%
• 1Y: 48.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 41.61%

PBOT

• 1D: 1.80%
• 1M: -1.29%
• 6M: 28.64%
• YTD: 26.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAI First Trust Bloomberg Artificial Intelligence ETF	$1.29M	$2.80M	$3.60M
PBOT Pictet AI & Automation ETF	$30.33K	$29.64K	$24.21K

FAI vs. PBOT - Yearly Performance Comparison

	2026 (YTD)	2025
FAI First Trust Bloomberg Artificial Intelligence ETF	32.45%	0.88%
PBOT Pictet AI & Automation ETF	26.50%	0.33%

Correlation

The correlation between FAI and PBOT is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025	0.93

Return for Risk

FAI vs. PBOT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAI

FAI Risk / Return Rank: 56
FAI Sharpe Ratio Rank: 60
FAI Sortino Ratio Rank: 55
FAI Omega Ratio Rank: 53
FAI Calmar Ratio Rank: 64
FAI Martin Ratio Rank: 50

PBOT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAI vs. PBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) and Pictet AI & Automation ETF (PBOT). 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.

	FAI	PBOT	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.56	—	—
Martin ratio: Return relative to average drawdown	6.64	—	—

Drawdowns

FAI vs. PBOT - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, which is greater than PBOT's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for FAI and PBOT.

Drawdown Indicators

	FAI	PBOT	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-15.78%	-12.04%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	—	—
Current Drawdown Current decline from peak	-5.92%	-6.04%	+0.12%
Average Drawdown Average peak-to-trough decline	-5.78%	-4.52%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.26%	—	—

Volatility

Volatility by Period

	FAI	PBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.50%	26.96%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.48%	26.96%	+4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.48%	26.96%	+4.52%

FAI vs. PBOT - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is lower than PBOT's 0.70% expense ratio.

Dividends

FAI vs. PBOT - Dividend Comparison

FAI has not paid dividends to shareholders, while PBOT's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%
PBOT Pictet AI & Automation ETF	0.08%	0.10%	0.00%

Frequently Asked Questions

Can I hold both FAI and PBOT in my portfolio?

With a correlation of 0.93, FAI and PBOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FAI or PBOT?

On fees, FAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAI or PBOT?

FAI is cheaper with a 0.65% expense ratio, compared with 0.70% for PBOT.

Which ETF pays a higher dividend yield, FAI or PBOT?

PBOT has the higher dividend yield at 0.08%, compared with 0.00% for FAI.

What is the main difference between FAI and PBOT?

They also come from different issuers: First Trust and Pictet. Their fees differ too: 0.65% for FAI and 0.70% for PBOT.