FBOT
Fidelity Disruptive Automation ETF
FBOT is an actively managed fund that invests in innovative businesses thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI.
Global
EQUITY
Active
MANAGEMENT STYLE
92.5 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2020 |
| Assets (mns) | $93 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 9.0 % |
| NVIDIA CORP | 8.7 % |
| PTC INC. | 5.4 % |
| KEYENCE CORP | 5.1 % |
| TERADYNE INC | 4.6 % |
| RECRUIT HOLDINGS CO LTD | 2.9 % |
| ACCENTURE PLC-CL A | 2.8 % |
| SIEMENS AG-REG | 2.8 % |
| DEERE & CO | 2.7 % |
| FANUC LTD | 2.5 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 365 |
| Wgt avg mkt cap (mns) | $265,034 |
| Large cap (>$10bn) | 78.1% |
| Mid cap ($2-10bn) | 19.9% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 82.0% |
| Emerging mkts. | 18.0% |
Country Exposure
 |
UNITED STATES | 45.0 % |
 |
JAPAN | 19.1 % |
 |
TAIWAN | 12.9 % |
 |
CHINA | 4.6 % |
 |
GERMANY | 3.6 % |
 |
IRELAND | 2.8 % |
 |
FRANCE | 2.4 % |
 |
BRITAIN | 2.1 % |
 |
SWITZERLAND | 1.6 % |
 |
CANADA | 1.3 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | -- | -- | -- | -- | -- | 9.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $70,103 |
Technical Indicators
| Recent close | $24.32 |
| 30d moving avg. | $25.57 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FBOT |
Expenses vs. FBOT |
ALTAR Score™ vs. FBOT |
|---|---|---|---|---|
| IBOT | Vaneck Robotics ETF | 31.1% | -3 bp | +0.1% |
| ROBO | ROBO Global Robotics & Automation Index ETF | 30.5% | +45 bp | -0.2% |
| BOTZ | Global X Robotics & Artificial Intelligence ETF | 28.0% | +19 bp | -1.3% |
| IQM | Franklin Intelligent Machines ETF | 24.8% | 0 bp | -0.4% |
| BULD | Pacer BlueStar Engineering the Future ETF | 21.5% | +10 bp | -2.6% |
| IRBO | iShares Robotics and Artificial Intelligence Multisector ETF | 20.3% | -3 bp | -0.2% |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 19.8% | +25 bp | -1.7% |
| IGPT | Invesco AI and Next Gen Software ETF | 19.4% | +10 bp | +0.2% |
| IXN | iShares Global Tech ETF | 18.5% | -9 bp | +0.6% |
| JGRO | JPMorgan Active Growth ETF | 18.4% | -6 bp | -0.3% |
Risk and Returns: FBOT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FBOT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FBOT
4.1%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 355 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.0%. FBOT's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FBOT in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FBOTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| FBOT (50 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FBOT | 50.0 | 0.0 | 50 |
| Peer Avg. | 75.7 | 37.9 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .