FBOT vs SPY
FBOT vs SPY
Fidelity Disruptive Automation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FBOT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FBOT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $217M | $789.1B | |
| Dividend Yield | 0.42% | 1.01% | |
| Holdings | 53 | 505 | |
| YTD Return | +19.60% | +13.79% | |
| 1Y Return | +27.38% | +23.66% | |
| 3Y Return (annualized) | +19.70% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 19.4% | 15.3% | |
| Max Drawdown | -23.6% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 13, 2023 | Jan 22, 1993 |
FBOT vs SPY Performance
Fidelity Disruptive Automation ETF (FBOT) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FBOT returned +27.38% while SPY returned +23.66%. Year to date, FBOT is up 19.60% versus a gain of 13.79% for SPY.
Over three years, FBOT compounded at +19.70% per year against +21.40% for SPY. Across the full 3-year window we track, FBOT has the edge at +16.20% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBOT has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for FBOT and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FBOT charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, FBOT currently yields 0.42% against 1.01% for SPY.
Holdings Overlap
FBOT and SPY share 19 holdings out of 534 unique holdings combined, representing a 14.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FBOT | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 4.60% | 7.31% | 2.71% |
| TER | 5.87% | 0.09% | 5.78% |
| AMZN | 2.20% | 3.69% | 1.49% |
| GOOG | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| DE | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| PLTR | Pro | Pro | Pro |
| AXON | Pro | Pro | Pro |
| EMR | Pro | Pro | Pro |
See all 10 holdings FBOT shares with SPY Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, FBOT or SPY?
FBOT has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, FBOT or SPY?
Over the past year FBOT returned +27.38% vs +23.66% for SPY, so FBOT leads on 1-year performance. Over the longest common window we track (3 years), FBOT annualized +16.20% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, FBOT or SPY?
FBOT has been the more volatile fund at 19.4% annualized versus 15.3% for SPY. Worst drawdown: FBOT -23.6% vs SPY -56.5%.
Should I hold both FBOT and SPY?
FBOT and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBOT and SPY?
FBOT and SPY share 19 common holdings with a 14.9% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, FBOT or SPY?
FBOT yields 0.42% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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