PBOT vs SPY
Pictet AI & Automation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PBOT or SPY?
All Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. PBOT led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 42.2%.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $18M | $823.2B |
| Dividend Yield | 0.07% | 0.99% |
| Holdings | 53 | 1,515 |
| YTD Return | +32.96%Best | +13.53% |
| 1Y Return | +35.77%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 29.7% | 13.1%Best |
| Top 10 Weight | 42.2% | 38.2%Best |
| Fund Family | Pictet Asset Management Ltd. (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 15, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
PBOT vs SPY 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 SPY Performance
Pictet AI & Automation ETF (PBOT) is an ETF from Pictet Asset Management Ltd. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PBOT returned +35.77% while SPY returned +17.47%. Year to date, PBOT is up 32.96% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBOT has been the more volatile fund, with annualized monthly volatility of 29.7% compared with 13.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBOT charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, PBOT currently yields 0.07% against 0.99% for SPY.
Holdings Overlap
57.8% of PBOT's money is in holdings SPY also owns. 28.5% of SPY's money is in holdings PBOT also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 46 positions we hold weights for in PBOT and 504 in SPY, against full books of 53 and 1,515.
What only one of them owns
Our book lists 471 positions for SPY that do not appear in our book for PBOT (70.6% of the fund), and 11 for PBOT that do not appear in SPY (21.6%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.97% | 7.78% | 3.81% |
| MSFTMicrosoft Corp | 2.87% | 5.71% | 2.84% |
| GOOGLAlphabet Inc | 5.07% | 3.12% | 1.95% |
| AVGOBroadcom Inc | 4.30% | 2.48% | 1.82% |
| METAMeta Platforms Inc | 2.77% | 2.22% | 0.55% |
| AMATApplied Materials, Inc. | 4.44% | 0.51% | 3.93% |
| PANWPalo Alto Networks, Inc | 4.18% | 0.46% | 3.72% |
| CRWDCrowdstrike Holdings Inc | 3.90% | 0.36% | 3.54% |
| AMDAdvanced Micro Devices Inc | 2.92% | 1.22% | 1.70% |
| KLACKla-tencor | 3.18% | 0.34% | 2.84% |
57.8% of PBOT is already inside SPY.
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 SPY?
PBOT has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, PBOT or SPY?
Over the past year PBOT returned +35.77% vs +17.47% for SPY, 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 SPY?
PBOT has been the more volatile fund at 29.7% annualized versus 13.1% for SPY.
Should I hold both PBOT and SPY?
PBOT and SPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PBOT and SPY?
57.8% of PBOT's money is in holdings SPY also owns. 28.5% of SPY's is in holdings PBOT also owns. They hold 25 positions in common, counted across the 46 positions we hold weights for in PBOT and 504 in SPY.
Which pays a higher dividend, PBOT or SPY?
PBOT yields 0.07% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than PBOT?
SPY has a lower expense ratio. PBOT led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 42.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.