Correlation
The correlation between BTF 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.
BTF vs. FBTC
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Fidelity Wise Origin Bitcoin Trust (FBTC).
BTF and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021. 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: BTF or FBTC.
Performance
BTF vs. FBTC - Performance Comparison
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Key characteristics
BTF:
-0.08
FBTC:
0.99
BTF:
0.30
FBTC:
1.63
BTF:
1.04
FBTC:
1.19
BTF:
-0.11
FBTC:
1.87
BTF:
-0.21
FBTC:
4.09
BTF:
25.07%
FBTC:
12.88%
BTF:
60.17%
FBTC:
52.94%
BTF:
-77.50%
FBTC:
-28.21%
BTF:
-23.05%
FBTC:
-5.85%
Returns By Period
In the year-to-date period, BTF achieves a -9.38% return, which is significantly lower than FBTC's 12.01% return.
BTF
-9.38%
22.88%
-15.34%
-4.00%
24.84%
N/A
N/A
FBTC
12.01%
8.35%
7.62%
54.59%
N/A
N/A
N/A
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BTF vs. FBTC - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
BTF vs. FBTC — Risk-Adjusted Performance Rank
BTF
FBTC
BTF vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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
BTF vs. FBTC - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 58.45%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 58.45% | 52.96% | 15.98% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BTF vs. FBTC - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than FBTC's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for BTF and FBTC.
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Volatility
BTF vs. FBTC - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 16.38% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.32%. This indicates that BTF'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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