AAPL vs. FBTC
AAPL (Apple Inc) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, AAPL returned 46.73% vs -40.63% for FBTC. At a 0.15 correlation, their price movements are largely independent.
Performance
AAPL vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, AAPL achieves a 7.29% return, which is significantly higher than FBTC's -27.39% return.
AAPL
- 1D
- -1.52%
- 1M
- -2.59%
- YTD
- 7.29%
- 6M
- 4.81%
- 1Y
- 46.73%
- 3Y*
- 17.21%
- 5Y*
- 18.59%
- 10Y*
- 29.36%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPL Apple Inc | 7.29% | 9.05% | 35.16% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between AAPL and FBTC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
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Return for Risk
AAPL vs. FBTC — Risk / Return Rank
AAPL
FBTC
AAPL vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and Fidelity Wise Origin Bitcoin Fund (FBTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPL | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.78 | +4.19 |
| Martin ratioReturn relative to average drawdown | 8.47 | -1.37 | +9.85 |
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Drawdowns
AAPL vs. FBTC - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for AAPL and FBTC.
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Drawdown Indicators
| AAPL | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -52.07% | -29.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -52.07% | +38.27% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -49.42% | +41.78% |
Average DrawdownAverage peak-to-trough decline | -29.59% | -16.46% | -13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 29.61% | -24.08% |
Volatility
AAPL vs. FBTC - Volatility Comparison
The current volatility for Apple Inc (AAPL) is 6.73%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that AAPL experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPL | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 11.97% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 34.39% | -17.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.64% | 43.98% | -21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.52% | 50.13% | -22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.92% | 50.13% | -21.21% |
Dividends
AAPL vs. FBTC - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.36%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPL and FBTC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to AAPL (6.73%). In terms of maximum drawdown, AAPL dropped -81.80% vs FBTC's -52.07%.
AAPL currently has the higher Sharpe Ratio (2.07 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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