AMD vs. FBTC
AMD (Advanced Micro Devices, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, AMD returned 220.77% vs -44.68% for FBTC. At a 0.34 correlation, their price movements are largely independent.
Performance
AMD vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, AMD achieves a 135.14% return, which is significantly higher than FBTC's -25.63% return.
AMD
- 1D
- 1.58%
- 1M
- -6.29%
- 6M
- 117.22%
- YTD
- 135.14%
- 1Y
- 220.77%
- 3Y*
- 65.57%
- 5Y*
- 41.30%
- 10Y*
- 56.16%
- ALL TIME*
- 9.74%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
AMD vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMD Advanced Micro Devices, Inc. | 135.14% | 77.30% | -18.68% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between AMD and FBTC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.34 |
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Return for Risk
AMD vs. FBTC — Risk / Return Rank
AMD
FBTC
AMD vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Micro Devices, Inc. (AMD) 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.
| AMD | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.24 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.83 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 8.01 | -0.84 | +8.85 |
| Martin ratioReturn relative to average drawdown | 16.22 | -1.34 | +17.56 |
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Drawdowns
AMD vs. FBTC - Drawdown Comparison
The maximum AMD drawdown since its inception was -96.59%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for AMD and FBTC.
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Drawdown Indicators
| AMD | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -53.35% | -43.24% |
Max Drawdown (1Y)Largest decline over 1 year | -27.76% | -53.35% | +25.59% |
Max Drawdown (3Y)Largest decline over 3 years | -63.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.45% | — | — |
Current DrawdownCurrent decline from peak | -13.31% | -48.20% | +34.89% |
Average DrawdownAverage peak-to-trough decline | -56.54% | -17.73% | -38.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.67% | 33.39% | -19.72% |
Volatility
AMD vs. FBTC - Volatility Comparison
Advanced Micro Devices, Inc. (AMD) has a higher volatility of 20.56% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 10.58%. This indicates that AMD's price experiences larger fluctuations and is considered to be riskier 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
| AMD | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.56% | 10.58% | +9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 53.32% | 34.53% | +18.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.96% | 44.30% | +24.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.46% | 49.71% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.02% | 49.71% | +7.31% |
Dividends
AMD vs. FBTC - Dividend Comparison
Neither AMD nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
AMD and FBTC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMD has higher volatility (20.56%) compared to FBTC (10.58%). In terms of maximum drawdown, AMD dropped -96.59% vs FBTC's -53.35%.
AMD currently has the higher Sharpe Ratio (3.23 vs -1.01), 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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