BITS vs. FBTC
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Fidelity Wise Origin Bitcoin Trust (FBTC).
BITS and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both BITS and FBTC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITS or FBTC.
Correlation
The correlation between BITS and FBTC is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITS vs. FBTC - Performance Comparison
Key characteristics
BITS:
0.61
FBTC:
1.45
BITS:
1.30
FBTC:
2.14
BITS:
1.15
FBTC:
1.25
BITS:
0.85
FBTC:
2.99
BITS:
2.84
FBTC:
6.74
BITS:
13.38%
FBTC:
12.15%
BITS:
62.47%
FBTC:
56.40%
BITS:
-83.11%
FBTC:
-27.42%
BITS:
-20.45%
FBTC:
-11.27%
Returns By Period
In the year-to-date period, BITS achieves a -2.66% return, which is significantly lower than FBTC's 1.51% return.
BITS
-2.66%
-14.93%
24.47%
38.95%
N/A
N/A
FBTC
1.51%
-9.17%
48.59%
81.76%
N/A
N/A
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BITS vs. FBTC - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
BITS vs. FBTC — Risk-Adjusted Performance Rank
BITS
FBTC
BITS vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Fidelity Wise Origin Bitcoin Trust (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.
Dividends
BITS vs. FBTC - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 30.29%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 30.29% | 29.49% | 13.69% | 0.48% | 1.90% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITS vs. FBTC - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for BITS and FBTC. For additional features, visit the drawdowns tool.
Volatility
BITS vs. FBTC - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 13.84% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.88%. This indicates that BITS'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.