BRK-B vs. FBTC
BRK-B (Berkshire Hathaway Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, BRK-B returned -0.22% vs -40.63% for FBTC. At a 0.06 correlation, their price movements are largely independent.
Performance
BRK-B vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly higher than FBTC's -27.39% return.
BRK-B
- 1D
- 0.71%
- 1M
- 0.77%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- -0.22%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 23.20% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between BRK-B and FBTC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.06 |
The correlation between BRK-B and FBTC shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. FBTC — Risk / Return Rank
BRK-B
FBTC
BRK-B vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) 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.
| BRK-B | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.85 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.78 | +0.76 |
| Martin ratioReturn relative to average drawdown | -0.05 | -1.37 | +1.32 |
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Drawdowns
BRK-B vs. FBTC - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum FBTC drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for BRK-B and FBTC.
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Drawdown Indicators
| BRK-B | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -52.07% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -52.07% | +42.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -9.36% | -49.42% | +40.06% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -16.46% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 29.61% | -25.08% |
Volatility
BRK-B vs. FBTC - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky 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
| BRK-B | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 11.97% | -8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 34.39% | -23.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 43.98% | -29.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 50.13% | -33.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 50.13% | -30.69% |
Dividends
BRK-B vs. FBTC - Dividend Comparison
Neither BRK-B nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
BRK-B and FBTC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FBTC's -52.07%.
BRK-B currently has the higher Sharpe Ratio (-0.02 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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