BTC-USD vs. FBTC
Compare and contrast key facts about Bitcoin (BTC-USD) and Fidelity Wise Origin Bitcoin Trust (FBTC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTC-USD or FBTC.
Correlation
The correlation between BTC-USD and FBTC is 0.75, 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
BTC-USD vs. FBTC - Performance Comparison
Key characteristics
BTC-USD:
1.08
FBTC:
0.41
BTC-USD:
1.76
FBTC:
0.97
BTC-USD:
1.18
FBTC:
1.11
BTC-USD:
0.88
FBTC:
0.81
BTC-USD:
5.33
FBTC:
1.80
BTC-USD:
10.61%
FBTC:
12.30%
BTC-USD:
42.38%
FBTC:
54.34%
BTC-USD:
-93.07%
FBTC:
-27.42%
BTC-USD:
-17.87%
FBTC:
-18.61%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTC-USD having a -6.69% return and FBTC slightly lower at -6.89%.
BTC-USD
-6.69%
-1.76%
33.75%
25.52%
69.44%
79.75%
FBTC
-6.89%
-1.18%
34.18%
26.52%
N/A
N/A
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Risk-Adjusted Performance
BTC-USD vs. FBTC — Risk-Adjusted Performance Rank
BTC-USD
FBTC
BTC-USD vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
Drawdowns
BTC-USD vs. FBTC - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -93.07%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for BTC-USD and FBTC. For additional features, visit the drawdowns tool.
Volatility
BTC-USD vs. FBTC - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 19.94% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 16.54%. This indicates that BTC-USD'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.