ARQQ vs. FBTC
ARQQ (Arqit Quantum Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, ARQQ returned -49.10% vs -40.63% for FBTC. At a 0.31 correlation, their price movements are largely independent.
Performance
ARQQ vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, ARQQ achieves a -37.84% return, which is significantly lower than FBTC's -27.39% return.
ARQQ
- 1D
- -0.66%
- 1M
- -1.66%
- YTD
- -37.84%
- 6M
- -52.03%
- 1Y
- -49.10%
- 3Y*
- -28.53%
- 5Y*
- —
- 10Y*
- —
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARQQ vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARQQ Arqit Quantum Inc. | -37.84% | -43.67% | 234.83% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between ARQQ and FBTC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
The correlation between ARQQ and FBTC shifts across timeframes, from 0.31 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARQQ vs. FBTC — Risk / Return Rank
ARQQ
FBTC
ARQQ vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arqit Quantum Inc. (ARQQ) 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.
| ARQQ | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.85 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.78 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.37 | +0.46 |
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Drawdowns
ARQQ vs. FBTC - Drawdown Comparison
The maximum ARQQ drawdown since its inception was -99.60%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for ARQQ and FBTC.
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Drawdown Indicators
| ARQQ | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.60% | -52.07% | -47.53% |
Max Drawdown (1Y)Largest decline over 1 year | -79.78% | -52.07% | -27.71% |
Max Drawdown (3Y)Largest decline over 3 years | -89.76% | — | — |
Current DrawdownCurrent decline from peak | -98.57% | -49.42% | -49.15% |
Average DrawdownAverage peak-to-trough decline | -88.78% | -16.46% | -72.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.78% | 29.61% | +24.17% |
Volatility
ARQQ vs. FBTC - Volatility Comparison
Arqit Quantum Inc. (ARQQ) has a higher volatility of 35.65% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.97%. This indicates that ARQQ'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
| ARQQ | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.65% | 11.97% | +23.68% |
Volatility (6M)Calculated over the trailing 6-month period | 64.49% | 34.39% | +30.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.65% | 43.98% | +60.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 134.12% | 50.13% | +83.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 134.12% | 50.13% | +83.99% |
Dividends
ARQQ vs. FBTC - Dividend Comparison
Neither ARQQ nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
ARQQ and FBTC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARQQ has higher volatility (35.65%) compared to FBTC (11.97%). In terms of maximum drawdown, ARQQ dropped -99.60% vs FBTC's -52.07%.
ARQQ currently has the higher Sharpe Ratio (-0.47 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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