BTCFX vs. FBTC
BTCFX (Bitcoin ProFund Investor) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both Cryptocurrency funds. Over the past year, BTCFX returned -40.56% vs -39.80% for FBTC. With a 0.99 correlation, they move nearly in lockstep. BTCFX charges 1.41%/yr vs 0.25%/yr for FBTC.
Performance
BTCFX vs. FBTC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BTCFX having a -27.61% return and FBTC slightly lower at -28.83%.
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
FBTC
- 1D
- -3.16%
- 1M
- -17.78%
- YTD
- -28.83%
- 6M
- -28.94%
- 1Y
- -39.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCFX vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 86.12% |
FBTC Fidelity Wise Origin Bitcoin Fund | -28.83% | -6.56% | 94.28% |
Correlation
The correlation between BTCFX and FBTC is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.99 |
The correlation between BTCFX and FBTC has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
BTCFX vs. FBTC — Risk / Return Rank
BTCFX
FBTC
BTCFX vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin ProFund Investor (BTCFX) 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.
| BTCFX | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.77 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.30 | +0.01 |
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Drawdowns
BTCFX vs. FBTC - Drawdown Comparison
The maximum BTCFX drawdown since its inception was -77.89%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for BTCFX and FBTC.
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Drawdown Indicators
| BTCFX | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.89% | -52.07% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -53.40% | -52.07% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -53.40% | — | — |
Current DrawdownCurrent decline from peak | -50.35% | -50.43% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -36.07% | -16.77% | -19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.37% | 30.54% | +0.83% |
Volatility
BTCFX vs. FBTC - Volatility Comparison
Bitcoin ProFund Investor (BTCFX) and Fidelity Wise Origin Bitcoin Fund (FBTC) have volatilities of 12.77% and 13.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCFX | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.77% | 13.04% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 34.56% | 34.56% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.46% | 44.18% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.31% | 50.08% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.31% | 50.08% | +5.23% |
BTCFX vs. FBTC - Expense Ratio Comparison
BTCFX has a 1.41% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Dividends
BTCFX vs. FBTC - Dividend Comparison
BTCFX's dividend yield for the trailing twelve months is around 38.65%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, BTCFX and FBTC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FBTC has higher volatility (13.04%) compared to BTCFX (12.77%). In terms of maximum drawdown, BTCFX dropped -77.89% vs FBTC's -52.07%.
FBTC currently has the higher Sharpe Ratio (-0.90 vs -0.92), 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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