PBOT vs QQQ
Pictet AI & Automation ETF vs Invesco QQQ Trust, Series 1
Which is better, PBOT or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. PBOT led over 1Y. The two have moved almost in lockstep, correlation 0.93. PBOT is less concentrated, with 43.5% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PBOT | QQQ |
|---|---|---|
| Expense Ratio | 0.70% | 0.18%Best |
| AUM | $15M | $498.6B |
| Dividend Yield | 0.07% | 0.42% |
| Holdings | 53 | 321 |
| YTD Return | +39.36%Best | +21.44% |
| 1Y Return | +42.31%Best | +23.58% |
| 3Y Return (annualized) | - | +27.86% |
| 5Y Return (annualized) | - | +16.25% |
| Volatility (annualized) | 29.0% | 21.7%Best |
| Top 10 Weight | 43.5%Best | 47.2% |
| Fund Family | Pictet Asset Management Ltd. (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Oct 15, 2025 | Mar 10, 1999 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
PBOT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PBOT vs QQQ Performance
Pictet AI & Automation ETF (PBOT) is an ETF from Pictet Asset Management Ltd. (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PBOT returned +42.31% while QQQ returned +23.58%. Year to date, PBOT is up 39.36% versus a gain of 21.44% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBOT has been the more volatile fund, with annualized monthly volatility of 29.0% compared with 21.7% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBOT charges 0.70% per year while QQQ charges 0.18%. On a $10,000 position that is $70 vs $18 annually, a gap of $52 per year that compounds over a long holding period. On income, PBOT currently yields 0.07% against 0.42% for QQQ.
Holdings Overlap
49.7% of PBOT's money is in holdings QQQ also owns. 35.9% of QQQ's money is in holdings PBOT also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 53 positions we hold weights for in PBOT and 102 in QQQ, against full books of 53 and 321.
What only one of them owns
Our book lists 76 positions for QQQ that do not appear in our book for PBOT (62.6% of the fund), and 22 for PBOT that do not appear in QQQ (35.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PBOT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.95% | 8.45% | 4.50% |
| AVGOBroadcom Inc | 7.50% | 2.74% | 4.76% |
| GOOGLAlphabet Inc,class A | 5.68% | 3.15% | 2.53% |
| MUMicron Technology, Inc. | 0.93% | 4.85% | 3.92% |
| AMDAdvanced Micro Devices Inc | 1.40% | 3.71% | 2.31% |
| PANWPalo Alto Networks, Inc | 3.79% | 1.19% | 2.60% |
| CRWDCrowdstrike Holdings Inc | 3.75% | 0.93% | 2.82% |
| METAMeta Platforms Inc | 1.51% | 3.07% | 1.56% |
| ASML:ASASML Holding NV - Ordinary Shares | 3.86% | 0.69% | 3.17% |
| KLACKla Corp | 3.02% | 1.04% | 1.98% |
49.7% of PBOT is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBOT or QQQ?
PBOT has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PBOT or QQQ?
Over the past year PBOT returned +42.31% vs +23.58% for QQQ, so PBOT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBOT or QQQ?
PBOT has been the more volatile fund at 29.0% annualized versus 21.7% for QQQ.
Should I hold both PBOT and QQQ?
PBOT and QQQ have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PBOT and QQQ?
49.7% of PBOT's money is in holdings QQQ also owns. 35.9% of QQQ's is in holdings PBOT also owns. They hold 21 positions in common, counted across the 53 positions we hold weights for in PBOT and 102 in QQQ.
Which pays a higher dividend, PBOT or QQQ?
PBOT yields 0.07% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than PBOT?
QQQ has a lower expense ratio. PBOT led over 1Y. The two have moved almost in lockstep, correlation 0.93. PBOT is less concentrated, with 43.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.