PQUS vs. PBOT

Last updated Jul 24, 2026

PQUS (Pictet AI Enhanced US Equity ETF) and PBOT (Pictet AI & Automation ETF) are both exchange-traded funds - PQUS is a Large Cap Blend Equities fund actively managed by Pictet, while PBOT is a Artificial Intelligence fund actively managed by Pictet. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. PQUS charges 0.30%/yr vs 0.70%/yr for PBOT.

Performance

PQUS vs. PBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI Enhanced US Equity ETF (PQUS) and Pictet AI & Automation ETF (PBOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PQUS

• 1D: -1.25%
• 1M: 0.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PBOT

• 1D: -2.30%
• 1M: -2.27%
• 6M: 19.50%
• YTD: 22.92%
• 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)
PBOT Pictet AI & Automation ETF	$23.32K	$22.92K	$19.40K
PQUS Pictet AI Enhanced US Equity ETF	$263.35K	$1.17M	$490.77K

PQUS vs. PBOT - Yearly Performance Comparison

	2026 (YTD)
PQUS Pictet AI Enhanced US Equity ETF	8.52%
PBOT Pictet AI & Automation ETF	22.54%

Correlation

The correlation between PQUS and PBOT is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.81

Return for Risk

PQUS vs. PBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) 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.

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

Drawdowns

PQUS vs. PBOT - Drawdown Comparison

The maximum PQUS drawdown since its inception was -7.19%, smaller than the maximum PBOT drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for PQUS and PBOT.

Drawdown Indicators

	PQUS	PBOT	Difference
Max Drawdown Largest peak-to-trough decline	-7.19%	-15.78%	+8.59%
Current Drawdown Current decline from peak	-2.30%	-8.71%	+6.41%
Average Drawdown Average peak-to-trough decline	-1.43%	-4.35%	+2.92%

Volatility

Volatility by Period

	PQUS	PBOT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	26.94%	-12.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	26.94%	-12.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	26.94%	-12.52%

PQUS vs. PBOT - Expense Ratio Comparison

PQUS has a 0.30% expense ratio, which is lower than PBOT's 0.70% expense ratio.

Dividends

PQUS vs. PBOT - Dividend Comparison

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

Position	TTM	2025
PBOT Pictet AI & Automation ETF	0.08%	0.10%
PQUS Pictet AI Enhanced US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PQUS and PBOT in my portfolio?

PQUS and PBOT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQUS or PBOT?

On fees, PQUS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PQUS or PBOT?

PQUS is cheaper with a 0.30% expense ratio, compared with 0.70% for PBOT.

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

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

What is the main difference between PQUS and PBOT?

PQUS is categorized as Large Cap Blend Equities, while PBOT is Artificial Intelligence. Their fees differ too: 0.30% for PQUS and 0.70% for PBOT.