BITX vs. FLCNX
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Fidelity Contrafund K6 (FLCNX).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or FLCNX.
Key characteristics
| BITX | FLCNX | |
|---|---|---|
| YTD Return | 64.06% | 18.51% |
| Daily Std Dev | 99.94% | 13.52% |
| Max Drawdown | -46.05% | -32.07% |
| Current Drawdown | -37.42% | -0.26% |
Correlation
The correlation between BITX and FLCNX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITX vs. FLCNX - Performance Comparison
In the year-to-date period, BITX achieves a 64.06% return, which is significantly higher than FLCNX's 18.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BITX vs. FLCNX - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
BITX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Fidelity Contrafund K6 (FLCNX). 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.
Not enough dataDividends
BITX vs. FLCNX - Dividend Comparison
BITX has not paid dividends to shareholders, while FLCNX's dividend yield for the trailing twelve months is around 0.45%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.45% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
BITX vs. FLCNX - Drawdown Comparison
The maximum BITX drawdown since its inception was -46.05%, which is greater than FLCNX's maximum drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for BITX and FLCNX. For additional features, visit the drawdowns tool.
Volatility
BITX vs. FLCNX - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 29.03% compared to Fidelity Contrafund K6 (FLCNX) at 4.51%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.