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.
Performance
BTC-USD vs. FBTC - Performance Comparison
Returns By Period
BTC-USD
134.23%
49.02%
44.47%
165.48%
69.63%
74.63%
FBTC
N/A
49.35%
43.19%
N/A
N/A
N/A
Key characteristics
| BTC-USD | FBTC | |
|---|---|---|
| Daily Std Dev | 44.09% | 57.50% |
| Max Drawdown | -93.07% | -27.42% |
| Current Drawdown | 0.00% | 0.00% |
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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.
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 16.59%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 18.42%. 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.