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 0.76, 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:
44.31%
FBTC:
57.37%
BTC-USD:
-93.07%
FBTC:
-27.42%
BTC-USD:
-7.90%
FBTC:
-9.78%
Returns By Period
BTC-USD
131.29%
3.62%
52.51%
122.84%
67.06%
76.43%
FBTC
N/A
2.01%
49.98%
N/A
N/A
N/A
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Risk-Adjusted Performance
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
The current volatility for Bitcoin (BTC-USD) is 14.07%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 16.02%. This indicates that BTC-USD 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.