IVES vs. PBOT

Last updated Aug 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and PBOT (Pictet AI & Automation ETF) are both Artificial Intelligence funds. IVES is passively managed, while PBOT is actively managed. Their correlation of 0.90 means they have usually moved in the same direction. IVES charges 0.75%/yr vs 0.70%/yr for PBOT.

Performance

IVES vs. PBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 18.13% return, which is significantly lower than PBOT's 26.50% return.

IVES

• 1D: 3.61%
• 1M: 0.16%
• 6M: 15.32%
• YTD: 18.13%
• 1Y: 37.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.89%

PBOT

• 1D: 1.80%
• 1M: -1.29%
• 6M: 24.01%
• 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)
IVES Dan IVES Wedbush AI Revolution ETF	$10.92M	$16.04M	$21.36M
PBOT Pictet AI & Automation ETF	$30.33K	$29.64K	$24.21K

IVES vs. PBOT - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	18.13%	-5.28%
PBOT Pictet AI & Automation ETF	26.50%	0.33%

Correlation

The correlation between IVES and PBOT is 0.90, 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	0.90

Return for Risk

IVES vs. PBOT — Risk / Return Rank

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

IVES

IVES Risk / Return Rank: 48
IVES Sharpe Ratio Rank: 54
IVES Sortino Ratio Rank: 53
IVES Omega Ratio Rank: 49
IVES Calmar Ratio Rank: 46
IVES Martin Ratio Rank: 39

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.

IVES vs. PBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

	IVES	PBOT	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.90	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	4.11	—	—

Drawdowns

IVES vs. PBOT - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, which is greater than PBOT's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for IVES and PBOT.

Drawdown Indicators

	IVES	PBOT	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-15.78%	-6.86%
Max Drawdown (1Y) Largest decline over 1 year	-22.64%	—	—
Current Drawdown Current decline from peak	-10.52%	-6.04%	-4.48%
Average Drawdown Average peak-to-trough decline	-6.43%	-4.52%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.23%	—	—

Volatility

Volatility by Period

	IVES	PBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.14%	26.96%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.95%	26.96%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.95%	26.96%	-0.01%

IVES vs. PBOT - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than PBOT's 0.70% expense ratio.

Dividends

IVES vs. PBOT - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.35%, more than PBOT's 0.08% yield.

Position	TTM	2025
IVES Dan IVES Wedbush AI Revolution ETF	0.35%	0.41%
PBOT Pictet AI & Automation ETF	0.08%	0.10%

Frequently Asked Questions

Can I hold both IVES and PBOT in my portfolio?

IVES and PBOT have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or PBOT?

On fees, PBOT is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or PBOT?

PBOT is cheaper with a 0.70% expense ratio, compared with 0.75% for IVES.

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

IVES has the higher dividend yield at 0.35%, compared with 0.08% for PBOT.

What is the main difference between IVES and PBOT?

They also come from different issuers: Wedbush and Pictet. Their fees differ too: 0.75% for IVES and 0.70% for PBOT.