IBOT vs. FUMIX

Last updated Jun 24, 2026

IBOT (VanEck Robotics ETF) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both funds - IBOT is a Technology Equities fund tracking the BlueStar® Robotics Index, while FUMIX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 3 years, IBOT returned 22.31%/yr vs 33.62%/yr for FUMIX. A 0.79 correlation means they provide meaningful diversification when combined. IBOT charges 0.47%/yr vs 0.11%/yr for FUMIX.

Performance

IBOT vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Robotics ETF (IBOT) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBOT achieves a 24.93% return, which is significantly lower than FUMIX's 32.63% return.

IBOT

• 1D: -4.75%
• 1M: -0.26%
• YTD: 24.93%
• 6M: 24.39%
• 1Y: 50.48%
• 3Y*: 22.31%
• 5Y*: —
• 10Y*: —

FUMIX

• 1D: 1.37%
• 1M: 9.64%
• YTD: 32.63%
• 6M: 30.51%
• 1Y: 40.33%
• 3Y*: 33.62%
• 5Y*: 17.37%
• 10Y*: —

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

IBOT vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBOT VanEck Robotics ETF	24.93%	28.57%	6.39%	19.46%
FUMIX Fidelity SAI U.S. Momentum Index Fund	32.63%	17.01%	33.39%	17.38%

Correlation

The correlation between IBOT and FUMIX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023	0.79

The correlation between IBOT and FUMIX has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

IBOT vs. FUMIX — Risk / Return Rank

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

IBOT

IBOT Risk / Return Rank: 66
IBOT Sharpe Ratio Rank: 70
IBOT Sortino Ratio Rank: 63
IBOT Omega Ratio Rank: 64
IBOT Calmar Ratio Rank: 64
IBOT Martin Ratio Rank: 69

FUMIX

FUMIX Risk / Return Rank: 78
FUMIX Sharpe Ratio Rank: 75
FUMIX Sortino Ratio Rank: 68
FUMIX Omega Ratio Rank: 68
FUMIX Calmar Ratio Rank: 86
FUMIX Martin Ratio Rank: 92

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.

IBOT vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Robotics ETF (IBOT) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

	IBOT	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.31	-0.17
Sortino ratio: Return per unit of downside risk	2.81	3.13	-0.32
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	3.03	3.89	-0.86
Martin ratio: Return relative to average drawdown	12.22	17.44	-5.22

IBOT vs. FUMIX - Sharpe Ratio Comparison

The current IBOT Sharpe Ratio is 2.14, which is comparable to the FUMIX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IBOT and FUMIX, 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

IBOT vs. FUMIX - Drawdown Comparison

The maximum IBOT drawdown since its inception was -25.39%, smaller than the maximum FUMIX drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for IBOT and FUMIX.

Drawdown Indicators

	IBOT	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.39%	-33.36%	+7.97%
Max Drawdown (1Y) Largest decline over 1 year	-16.74%	-10.99%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	-19.90%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.66%	—
Current Drawdown Current decline from peak	-4.75%	0.00%	-4.75%
Average Drawdown Average peak-to-trough decline	-4.99%	-6.29%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	2.44%	+1.70%

Volatility

IBOT vs. FUMIX - Volatility Comparison

VanEck Robotics ETF (IBOT) has a higher volatility of 10.69% compared to Fidelity SAI U.S. Momentum Index Fund (FUMIX) at 7.70%. This indicates that IBOT's price experiences larger fluctuations and is considered to be riskier than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBOT	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	7.70%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	19.76%	16.10%	+3.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	18.50%	+5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	21.38%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	21.83%	+0.75%

IBOT vs. FUMIX - Expense Ratio Comparison

IBOT has a 0.47% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

IBOT vs. FUMIX - Dividend Comparison

IBOT's dividend yield for the trailing twelve months is around 0.30%, less than FUMIX's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.09%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%
IBOT VanEck Robotics ETF	0.30%	0.38%	2.81%	2.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBOT and FUMIX in my portfolio?

IBOT and FUMIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBOT or FUMIX?

IBOT has higher volatility (10.69%) compared to FUMIX (7.70%). In terms of maximum drawdown, IBOT dropped -25.39% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

FUMIX currently has the higher Sharpe Ratio (2.31 vs 2.14), 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.