FPXI vs. FBOT

Last updated Aug 4, 2026

FPXI (First Trust International Equity Opportunities ETF) and FBOT (Fidelity Disruptive Automation ETF) are both exchange-traded funds - FPXI is a Foreign Large Cap Equities fund tracking the IPOX International Index, while FBOT is a Technology Equities fund actively managed by Fidelity. FPXI is passively managed, while FBOT is actively managed. Over the past 3 years, FPXI returned 19.49%/yr vs 17.72%/yr for FBOT. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FPXI charges 0.70%/yr vs 0.50%/yr for FBOT.

Performance

FPXI vs. FBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust International Equity Opportunities ETF (FPXI) and Fidelity Disruptive Automation ETF (FBOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FPXI having a 16.79% return and FBOT slightly lower at 16.10%.

FPXI

• 1D: 0.39%
• 1M: -11.07%
• 6M: 7.83%
• YTD: 16.79%
• 1Y: 28.02%
• 3Y*: 19.49%
• 5Y*: 1.10%
• 10Y*: 11.04%
• ALL TIME*: 8.39%

FBOT

• 1D: 2.30%
• 1M: -0.54%
• 6M: 10.02%
• YTD: 16.10%
• 1Y: 25.94%
• 3Y*: 17.72%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.90%

*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)
FBOT Fidelity Disruptive Automation ETF	$543.33K	$555.59K	$856.63K
FPXI First Trust International Equity Opportunities ETF	$2.73M	$3.76M	$4.60M

FPXI vs. FBOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FPXI First Trust International Equity Opportunities ETF	16.79%	26.37%	12.62%	5.95%
FBOT Fidelity Disruptive Automation ETF	16.10%	19.15%	12.58%	-0.65%

Correlation

The correlation between FPXI and FBOT is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (All Time) Calculated using the full available price history since Jun 12, 2023	0.77

The correlation between FPXI and FBOT has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

FPXI vs. FBOT - Sectors Allocation Comparison

Sectors	FPXI	FBOT
Technology	42.9%	35.0%
Industrials	21.0%	54.5%
Healthcare	9.1%	0.7%
Basic Materials	6.6%	-
Consumer Cyclical	6.3%	5.4%
Financial Services	6.2%	1.7%
Energy	3.7%	-
Consumer Defensive	2.2%	-
Communication Services	1.3%	3.1%
Utilities	0.7%	-
Real Estate	0.5%	-

Return for Risk

FPXI vs. FBOT — Risk / Return Rank

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

FPXI

FPXI Risk / Return Rank: 36
FPXI Sharpe Ratio Rank: 36
FPXI Sortino Ratio Rank: 37
FPXI Omega Ratio Rank: 36
FPXI Calmar Ratio Rank: 34
FPXI Martin Ratio Rank: 39

FBOT

FBOT Risk / Return Rank: 46
FBOT Sharpe Ratio Rank: 46
FBOT Sortino Ratio Rank: 44
FBOT Omega Ratio Rank: 43
FBOT Calmar Ratio Rank: 46
FBOT Martin Ratio Rank: 49

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.

FPXI vs. FBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust International Equity Opportunities ETF (FPXI) and Fidelity Disruptive Automation ETF (FBOT). 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.

	FPXI	FBOT	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.17	-0.24
Sortino ratio: Return per unit of downside risk	1.42	1.67	-0.25
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.17	1.72	-0.55
Martin ratio: Return relative to average drawdown	4.19	5.87	-1.68

FPXI vs. FBOT - Sharpe Ratio Comparison

The current FPXI Sharpe Ratio is 0.93, which is comparable to the FBOT Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FPXI and FBOT, 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

FPXI vs. FBOT - Drawdown Comparison

The maximum FPXI drawdown since its inception was -55.78%, which is greater than FBOT's maximum drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for FPXI and FBOT.

Drawdown Indicators

	FPXI	FBOT	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-23.61%	-32.17%
Max Drawdown (1Y) Largest decline over 1 year	-24.12%	-15.17%	-8.95%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-23.61%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-50.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.78%	—	—
Current Drawdown Current decline from peak	-20.17%	-3.69%	-16.48%
Average Drawdown Average peak-to-trough decline	-20.12%	-5.14%	-14.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	4.43%	+2.27%

Volatility

FPXI vs. FBOT - Volatility Comparison

First Trust International Equity Opportunities ETF (FPXI) has a higher volatility of 12.57% compared to Fidelity Disruptive Automation ETF (FBOT) at 7.57%. This indicates that FPXI's price experiences larger fluctuations and is considered to be riskier than FBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPXI	FBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	7.57%	+5.00%
Volatility (6M) Calculated over the trailing 6-month period	27.10%	18.46%	+8.64%
Volatility (1Y) Calculated over the trailing 1-year period	30.35%	22.39%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	21.34%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.91%	21.34%	+0.57%

FPXI vs. FBOT - Expense Ratio Comparison

FPXI has a 0.70% expense ratio, which is higher than FBOT's 0.50% expense ratio.

Dividends

FPXI vs. FBOT - Dividend Comparison

FPXI's dividend yield for the trailing twelve months is around 0.68%, more than FBOT's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBOT Fidelity Disruptive Automation ETF	0.43%	0.81%	0.31%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FPXI First Trust International Equity Opportunities ETF	0.68%	0.70%	0.93%	0.71%	1.13%	0.71%	0.18%	0.67%	1.75%	0.75%	2.09%	1.34%

Frequently Asked Questions

Can I hold both FPXI and FBOT in my portfolio?

FPXI and FBOT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPXI or FBOT?

FPXI has higher volatility (12.57%) compared to FBOT (7.57%). In terms of maximum drawdown, FPXI dropped -55.78% vs FBOT's -23.61%.

Which ETF is better, FPXI or FBOT?

On 3-year performance, FPXI leads with 19.49% vs 17.72% for FBOT. On fees, FBOT is cheaper at 0.50% per year. On volatility, FBOT has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPXI or FBOT?

Over the 3-year period, FPXI has performed better with a 19.49% return vs 17.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPXI or FBOT?

FBOT is cheaper with a 0.50% expense ratio, compared with 0.70% for FPXI.

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

FPXI has the higher dividend yield at 0.68%, compared with 0.43% for FBOT.

What is the main difference between FPXI and FBOT?

FPXI is categorized as Foreign Large Cap Equities, while FBOT is Technology Equities. They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.70% for FPXI and 0.50% for FBOT.

Which has better risk-adjusted returns?

FBOT currently has the higher Sharpe Ratio (1.17 vs 0.93), 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.