FBOT vs. GABF

Last updated Jul 16, 2026

FBOT (Fidelity Disruptive Automation ETF) and GABF (Gabelli Financial Services Opportunities ETF) are both exchange-traded funds - FBOT is a Technology Equities fund actively managed by Fidelity, while GABF is a Financials Equities fund actively managed by Gabelli. Both are actively managed. Over the past 3 years, FBOT returned 14.52%/yr vs 20.59%/yr for GABF. A 0.57 correlation means they provide meaningful diversification when combined. FBOT charges 0.50%/yr vs 0.10%/yr for GABF.

Performance

FBOT vs. GABF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Automation ETF (FBOT) and Gabelli Financial Services Opportunities ETF (GABF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBOT achieves a 14.09% return, which is significantly higher than GABF's -1.14% return.

FBOT

• 1D: 0.20%
• 1M: -2.67%
• 6M: 7.58%
• YTD: 14.09%
• 1Y: 25.66%
• 3Y*: 14.52%
• 5Y*: —
• 10Y*: —

GABF

• 1D: 0.74%
• 1M: 2.07%
• 6M: -3.86%
• YTD: -1.14%
• 1Y: -2.01%
• 3Y*: 20.59%
• 5Y*: —
• 10Y*: —

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

FBOT vs. GABF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FBOT Fidelity Disruptive Automation ETF	14.09%	19.15%	12.58%	-0.65%
GABF Gabelli Financial Services Opportunities ETF	-1.14%	3.60%	44.38%	24.23%

Correlation

The correlation between FBOT and GABF is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.57

The correlation between FBOT and GABF has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

FBOT vs. GABF - Sectors Allocation Comparison

Sectors	FBOT	GABF
Industrials	52.4%	4.9%
Technology	37.5%	5.2%
Consumer Cyclical	4.3%	-
Communication Services	3.0%	-
Financial Services	1.7%	85.6%
Healthcare	0.8%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	4.3%
Utilities	-	-

Return for Risk

FBOT vs. GABF — Risk / Return Rank

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

FBOT

FBOT Risk / Return Rank: 41
FBOT Sharpe Ratio Rank: 40
FBOT Sortino Ratio Rank: 39
FBOT Omega Ratio Rank: 39
FBOT Calmar Ratio Rank: 41
FBOT Martin Ratio Rank: 47

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 8
GABF Sortino Ratio Rank: 8
GABF Omega Ratio Rank: 8
GABF Calmar Ratio Rank: 8
GABF Martin Ratio Rank: 8

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.

FBOT vs. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Automation ETF (FBOT) and Gabelli Financial Services Opportunities ETF (GABF). 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.

	FBOT	GABF	Difference
Sharpe ratio: Return per unit of total volatility	1.18	-0.12	+1.30
Sortino ratio: Return per unit of downside risk	1.68	-0.04	+1.72
Omega ratio: Gain probability vs. loss probability	1.21	1.00	+0.22
Calmar ratio: Return relative to maximum drawdown	1.70	-0.12	+1.82
Martin ratio: Return relative to average drawdown	6.33	-0.26	+6.59

FBOT vs. GABF - Sharpe Ratio Comparison

The current FBOT Sharpe Ratio is 1.18, which is higher than the GABF Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of FBOT and GABF, 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

FBOT vs. GABF - Drawdown Comparison

The maximum FBOT drawdown since its inception was -23.61%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for FBOT and GABF.

Drawdown Indicators

	FBOT	GABF	Difference
Max Drawdown Largest peak-to-trough decline	-23.61%	-20.86%	-2.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-17.16%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.61%	-20.86%	-2.75%
Current Drawdown Current decline from peak	-5.36%	-6.00%	+0.64%
Average Drawdown Average peak-to-trough decline	-5.10%	-4.95%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	7.80%	-3.74%

Volatility

FBOT vs. GABF - Volatility Comparison

Fidelity Disruptive Automation ETF (FBOT) has a higher volatility of 7.55% compared to Gabelli Financial Services Opportunities ETF (GABF) at 4.47%. This indicates that FBOT's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBOT	GABF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	4.47%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	18.02%	13.37%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	21.85%	17.56%	+4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.28%	20.43%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	20.43%	+0.85%

FBOT vs. GABF - Expense Ratio Comparison

FBOT has a 0.50% expense ratio, which is higher than GABF's 0.10% expense ratio.

Dividends

FBOT vs. GABF - Dividend Comparison

FBOT's dividend yield for the trailing twelve months is around 0.44%, less than GABF's 1.99% yield.

Position	TTM	2025	2024	2023	2022
FBOT Fidelity Disruptive Automation ETF	0.44%	0.81%	0.31%	0.20%	0.00%
GABF Gabelli Financial Services Opportunities ETF	1.99%	1.96%	4.19%	4.95%	1.31%

Frequently Asked Questions

Can I hold both FBOT and GABF in my portfolio?

FBOT and GABF have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBOT or GABF?

FBOT has higher volatility (7.55%) compared to GABF (4.47%). In terms of maximum drawdown, FBOT dropped -23.61% vs GABF's -20.86%.

Which ETF is better, FBOT or GABF?

On 3-year performance, GABF leads with 20.59% vs 14.52% for FBOT. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBOT or GABF?

Over the 3-year period, GABF has performed better with a 20.59% return vs 14.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBOT or GABF?

GABF is cheaper with a 0.10% expense ratio, compared with 0.50% for FBOT.

Which ETF pays a higher dividend yield, FBOT or GABF?

GABF has the higher dividend yield at 1.99%, compared with 0.44% for FBOT.

What is the main difference between FBOT and GABF?

FBOT is categorized as Technology Equities, while GABF is Financials Equities. They also come from different issuers: Fidelity and Gabelli. Their fees differ too: 0.50% for FBOT and 0.10% for GABF.

Which has better risk-adjusted returns?

FBOT currently has the higher Sharpe Ratio (1.18 vs -0.12), 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.