BTQ.NEO vs. SPAXX
BTQ.NEO (BTQ Technologies Corp) is a stock, while SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity. Over the past 3 years, BTQ.NEO returned 124.84%/yr vs 3.59%/yr for SPAXX. At a correlation of -0.06, they often move in opposite directions.
Performance
BTQ.NEO vs. SPAXX - Performance Comparison
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Different Trading Currencies
BTQ.NEO is traded in CAD, while SPAXX is traded in USD. To make them comparable, the SPAXX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTQ.NEO achieves a -3.81% return, which is significantly lower than SPAXX's 2.75% return.
BTQ.NEO
- 1D
- 15.20%
- 1M
- 43.58%
- YTD
- -3.81%
- 6M
- -24.81%
- 1Y
- 73.10%
- 3Y*
- 124.84%
- 5Y*
- —
- 10Y*
- —
SPAXX
- 1D
- 0.09%
- 1M
- 2.30%
- YTD
- 2.75%
- 6M
- 2.36%
- 1Y
- 5.44%
- 3Y*
- 3.59%
- 5Y*
- 4.37%
- 10Y*
- —
BTQ.NEO vs. SPAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | -3.81% | 79.95% | 380.49% | 9.33% |
SPAXX Fidelity Government Money Market Fund | 2.75% | -0.81% | 10.27% | -1.76% |
Correlation
The correlation between BTQ.NEO and SPAXX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023 | -0.06 |
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Return for Risk
BTQ.NEO vs. SPAXX — Risk / Return Rank
BTQ.NEO
SPAXX
BTQ.NEO vs. SPAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTQ Technologies Corp (BTQ.NEO) and Fidelity Government Money Market Fund (SPAXX). 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.
| BTQ.NEO | SPAXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.43 | -0.62 |
| Martin ratioReturn relative to average drawdown | 1.17 | 4.12 | -2.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTQ.NEO | SPAXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.17 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.70 | -0.13 |
Drawdowns
BTQ.NEO vs. SPAXX - Drawdown Comparison
The maximum BTQ.NEO drawdown since its inception was -84.85%, which is greater than SPAXX's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for BTQ.NEO and SPAXX.
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Drawdown Indicators
| BTQ.NEO | SPAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.85% | -5.57% | -79.28% |
Max Drawdown (1Y)Largest decline over 1 year | -84.85% | -3.88% | -80.97% |
Max Drawdown (3Y)Largest decline over 3 years | -84.85% | -5.36% | -79.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.57% | — |
Current DrawdownCurrent decline from peak | -65.56% | 0.00% | -65.56% |
Average DrawdownAverage peak-to-trough decline | -46.64% | -1.95% | -44.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.88% | 1.36% | +57.52% |
Volatility
BTQ.NEO vs. SPAXX - Volatility Comparison
BTQ Technologies Corp (BTQ.NEO) has a higher volatility of 43.75% compared to Fidelity Government Money Market Fund (SPAXX) at 0.81%. This indicates that BTQ.NEO's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTQ.NEO | SPAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.75% | 0.81% | +42.94% |
Volatility (6M)Calculated over the trailing 6-month period | 83.57% | 3.57% | +80.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 159.22% | 4.76% | +154.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.86% | 6.39% | +163.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.86% | 6.39% | +163.47% |
Dividends
BTQ.NEO vs. SPAXX - Dividend Comparison
BTQ.NEO has not paid dividends to shareholders, while SPAXX's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | 0.00% | 0.00% | 0.00% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 3.59% | 3.88% | 1.53% | 0.41% |
Frequently Asked Questions
BTQ.NEO and SPAXX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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