Correlation
The correlation between BTCY and FBTC is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BTCY vs. FBTC
Compare and contrast key facts about Biotricity, Inc. (BTCY) 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: BTCY or FBTC.
Performance
BTCY vs. FBTC - Performance Comparison
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Key characteristics
BTCY:
-0.28
FBTC:
0.99
BTCY:
0.69
FBTC:
1.63
BTCY:
1.08
FBTC:
1.19
BTCY:
-0.54
FBTC:
1.87
BTCY:
-0.89
FBTC:
4.09
BTCY:
60.27%
FBTC:
12.88%
BTCY:
180.17%
FBTC:
52.94%
BTCY:
-99.67%
FBTC:
-28.21%
BTCY:
-99.09%
FBTC:
-5.85%
Returns By Period
In the year-to-date period, BTCY achieves a 89.79% return, which is significantly higher than FBTC's 12.01% return.
BTCY
89.79%
14.54%
104.38%
-48.60%
-57.92%
-43.12%
N/A
FBTC
12.01%
8.35%
7.62%
54.59%
N/A
N/A
N/A
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Risk-Adjusted Performance
BTCY vs. FBTC — Risk-Adjusted Performance Rank
BTCY
FBTC
BTCY vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Biotricity, Inc. (BTCY) 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.
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Dividends
BTCY vs. FBTC - Dividend Comparison
Neither BTCY nor FBTC has paid dividends to shareholders.
Drawdowns
BTCY vs. FBTC - Drawdown Comparison
The maximum BTCY drawdown since its inception was -99.67%, which is greater than FBTC's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for BTCY and FBTC.
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Volatility
BTCY vs. FBTC - Volatility Comparison
Biotricity, Inc. (BTCY) has a higher volatility of 32.25% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.32%. This indicates that BTCY'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.
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