Fidelity Disruptive Automation ETF (FBOT) — Stock Correlations & Overview
Over the past year, FBOT has moved most closely with ROBO, IBOT, BOTZ. Explore the stocks most correlated and inversely correlated with FBOT below, along with its price, financials, and company profile.
Stocks correlated with FBOT
Correlation of daily returns. Higher positive values move with FBOT; negative values move opposite it. Informational only, not investment advice.
Most correlated with FBOT
| Symbol | Company | Correlation |
|---|---|---|
| ROBO | ROBO Global Robotics & Automation Index ETF | 0.95 |
| IBOT | VanEck Robotics ETF | 0.94 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | 0.92 |
| VT | Vanguard Total World Stock ETF | 0.92 |
| UBOT | Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF | 0.92 |
Frequently asked questions about FBOT correlations
- Which stocks are most correlated with FBOT?
- Based on one year of daily returns, the stocks most correlated with Fidelity Disruptive Automation ETF (FBOT) are ROBO (0.95), IBOT (0.94) and BOTZ (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FBOT?
- Over the past year, the stocks most inversely correlated with Fidelity Disruptive Automation ETF (FBOT) are SPXS (-0.88), SPXU (-0.88) and SPDN (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FBOT correlations calculated?
- We compute the correlation of daily returns between FBOT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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