BKKT vs. FXAIX
BKKT (Bakkt Holdings, Inc.) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, BKKT returned -49.56%/yr vs 13.18%/yr for FXAIX. At a 0.43 correlation, their price movements are largely independent.
Performance
BKKT vs. FXAIX - Performance Comparison
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Returns By Period
In the year-to-date period, BKKT achieves a -19.42% return, which is significantly lower than FXAIX's 11.06% return.
BKKT
- 1D
- -3.80%
- 1M
- -4.03%
- 6M
- -57.89%
- YTD
- -19.42%
- 1Y
- -58.41%
- 3Y*
- -43.77%
- 5Y*
- -49.56%
- 10Y*
- —
FXAIX
- 1D
- 0.16%
- 1M
- 1.75%
- 6M
- 8.91%
- YTD
- 11.06%
- 1Y
- 22.13%
- 3Y*
- 21.00%
- 5Y*
- 13.18%
- 10Y*
- 15.28%
BKKT vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKKT Bakkt Holdings, Inc. | -19.42% | -59.47% | -55.57% | 87.39% | -86.02% | -15.58% | -8.36% |
FXAIX Fidelity 500 Index Fund | 11.06% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 5.46% |
Correlation
The correlation between BKKT and FXAIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2020 | 0.43 |
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Return for Risk
BKKT vs. FXAIX — Risk / Return Rank
BKKT
FXAIX
BKKT vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bakkt Holdings, Inc. (BKKT) and Fidelity 500 Index Fund (FXAIX). 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.
| BKKT | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.32 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.45 | -3.15 |
| Martin ratioReturn relative to average drawdown | -0.87 | 10.77 | -11.64 |
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Drawdowns
BKKT vs. FXAIX - Drawdown Comparison
The maximum BKKT drawdown since its inception was -99.41%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BKKT and FXAIX.
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Drawdown Indicators
| BKKT | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.41% | -33.79% | -65.62% |
Max Drawdown (1Y)Largest decline over 1 year | -84.57% | -8.89% | -75.68% |
Max Drawdown (3Y)Largest decline over 3 years | -89.36% | -18.76% | -70.60% |
Max Drawdown (5Y)Largest decline over 5 years | -99.41% | -24.50% | -74.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -99.24% | -0.58% | -98.66% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -3.78% | -81.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.27% | 2.02% | +65.25% |
Volatility
BKKT vs. FXAIX - Volatility Comparison
Bakkt Holdings, Inc. (BKKT) has a higher volatility of 20.55% compared to Fidelity 500 Index Fund (FXAIX) at 4.25%. This indicates that BKKT's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKKT | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.55% | 4.25% | +16.30% |
Volatility (6M)Calculated over the trailing 6-month period | 73.94% | 9.95% | +63.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.33% | 12.52% | +131.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.92% | 17.01% | +172.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 181.78% | 18.05% | +163.73% |
Dividends
BKKT vs. FXAIX - Dividend Comparison
BKKT has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKKT Bakkt Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 0.78% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
BKKT and FXAIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKKT has higher volatility (20.55%) compared to FXAIX (4.25%). In terms of maximum drawdown, BKKT dropped -99.41% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.74 vs -0.41), 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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