Data as of .
PBOT vs XA: which is really different?
PBOT and XA hold 21% of their weight in the same names.
ETFIQ Off-Index Score: XA scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
21% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PBOT and XA hold 21% of their money in the same securities at the same weight.
| Holding | PBOT | XA |
|---|---|---|
| PALO ALTO NETWORKS INC | 4.57% | 12.91% |
| FORTINET INC | 2.40% | 5.87% |
| ZSCALER INC | 2.04% | 4.16% |
| AKAMAI TECHNOLOGIES INC | 1.42% | 3.16% |
| F5 INC | 1.12% | 4.14% |
| ELASTIC NV | 0.54% | 3.92% |
| Only in PBOT | Only in XA |
|---|---|
| ALPHABET INC-CL A 6.86% | Crowdstrike Holdings Inc 11.86% |
| KLA CORP 6.36% | Okta Inc 6.91% |
| TAIWAN SEMICONDUCTOR-SP ADR 6.34% | Datadog Inc 5.29% |
| BROADCOM INC 6.33% | Rubrik Inc 4.81% |
| ASML HOLDING NV /EUR/ 5.77% | Cloudflare Inc 4.66% |
| SNOWFLAKE INC 4.73% | GEN DIGITAL INC 3.95% |
| CROWDSTRIKE HOLDINGS INC - A 4.64% | Qualys Inc 3.78% |
| INFINEON TECHNOLOGIES AG /EUR/ 3.91% | CACI International Inc 3.61% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PBOT | XA | PBOT | XA | PBOT | XA | |
| 3 months | +1.0% | +27.7% | −1.2 pts | +25.4 pts | +3.5 pts | +30.2 pts |
| 6 months | +39.5% | not published | +21.4 pts | not published | +15.2 pts | not published |
| Since launch | +34.6% | +59.5% | +18.0 pts | +55.1 pts | +13.9 pts | +55.6 pts |
| PBOT Pictet AI & Automation ETF Holds 44 stocks in artificial intelligence, 61% of its weight in S&P 500 companies | XA Corgi AI Cybersecurity ETF Holds 26 stocks in artificial intelligence, 47% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pictet | Corgi |
| Theme | Artificial intelligence | Artificial intelligence |
| In the S&P 500 | 61.0% | 47.2% |
| Active share vs the S&P 500 | 82.1% | 98.9% |
| In the Nasdaq-100 | 52.2% | 40.1% |
| Holdings | 44 | 26 |
| Top ten, share of the fund | 52.6% | 64.6% |
| Expense ratio | 0.70% | 0.35% |
| Fee for the differing part | 0.85% | 0.35% |
| Total return, 1 year | +34.6% (since launch on Oct 16, 2025) | +59.5% (since launch on May 6, 2026) |
| vs the S&P 500 | +18.0 pts | +55.1 pts |
| vs the Nasdaq-100 | +13.9 pts | +55.6 pts |
| Below its high | −3.8% | −2.6% |
| Net assets | $14m | $6m |
PBOT in plain words
By weight, 61% of PBOT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 53% of the fund across 44 positions, as filed for Jun 30, 2026. Since it launched on Oct 16, 2025 the fund returned +34.6% with distributions reinvested against +16.5% for the S&P 500, so a holder was ahead by 18.0 pts.
XA in plain words
By weight, 47% of XA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 65% of the fund across 26 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +59.5% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 55.1 pts.
Questions people ask
- Do PBOT and XA hold the same stocks?
- By their latest filings, 21% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, PBOT or XA?
- PBOT has 61% of its weight in S&P 500 names and XA has 47%, so XA differs more from the index.
- Which is cheaper, PBOT or XA?
- PBOT charges 0.70% a year and XA charges 0.35%, so XA is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PBOT against XA, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pbot-vs-xa Free to use with attribution; the underlying files are at Open data.