DRNZ vs FBOT

DRNZDREX Drone ETF

FBOTBFidelity Disruptive Automation ETF

In short

DRNZ The first US-listed pure-play drone ETF. Instead of aerospace giants with a UAV side project, DRNZ tracks an index that puts 80% of its weight in companies earning most of their revenue from drones and the tech that enables them.

FBOT Most robotics funds hand the job to an index. FBOT hands it to Fidelity's analysts: about 50 global picks spanning industrial robots, machine vision, autonomous driving and 3D printing, for 0.50% a year.

Stated mandate

DRNZ The fund invests at least 80% of its assets in companies principally engaged in drones or unmanned aerial vehicle manufacturing or enabling technology.

FBOT The fund seeks long-term capital growth by normally investing at least 80% of its assets in securities of disruptive automation companies.

Why people hold it

• DRNZ The purity rule is written into the index: 80% of weight to firms deriving the majority of revenue from drones or enabling technology, 20% to defense names with dedicated UAV programs.rexshares.comb-cdn.net
• Launched in 2025 as REX's first-to-market drone pure-play, covering combat, surveillance, logistics and counter-drone in one ticker rather than a thin sleeve inside a broad aerospace fund.rexshares.com
• Fee lands at 0.65%, level with the median for its robotics and automation peer group, and the underlying index reconstitutes and rebalances quarterly.b-cdn.net

• FBOT Fidelity's analysts pick the names, and the fund's definition of automation runs from robotics and machine vision to autonomous driving, EVs and 3D printing.sec.gov
• At 0.50% a year it undercuts the typical robotics and automation fund, and it concentrates in about 50 stocks rather than spreading the theme thin.
• Born a 2020 Fidelity mutual fund, converted to an ETF in 2023, so there is real live history behind the strategy and holdings posted daily.fidelity.com
• One of the stronger builds in the robotics and automation group on cost, portfolio construction and risk profile.

Worth knowing

• DRNZ Concentrated by design: about 50 holdings, with the index allowing a single pure-play name up to 15% of weight and diversified names up to 5%.b-cdn.net
• It listed in late 2025, so there is little history behind it to show how closely it tracks its index or how it trades when markets get rough.
• At 0.65% it costs more than broader automation peers such as BOTT (0.35%) and IBOT (0.47%), which spread across robotics instead of one flight-focused theme.

• FBOT Thinly traded next to the giant thematic funds, so bid-ask spreads and order size matter more here.
• Two peers charge less: BOTT at 0.35% and IBOT at 0.47%.
• No index to fall back on. Results ride on the manager's calls, and the theme can reach into any sector, so the fund can behave unlike broad tech.sec.gov

Full DRNZ profile⁠

Full FBOT profile⁠