Correlation
The correlation between CHGX 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.
CHGX vs. FBTC
Compare and contrast key facts about Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and Fidelity Wise Origin Bitcoin Trust (FBTC).
CHGX and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHGX is a passively managed fund by Change Finance that tracks the performance of the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index. It was launched on Oct 10, 2017. 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. Both CHGX and FBTC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHGX or FBTC.
Performance
CHGX vs. FBTC - Performance Comparison
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Key characteristics
CHGX:
-0.71
FBTC:
0.99
CHGX:
-0.66
FBTC:
1.63
CHGX:
0.81
FBTC:
1.19
CHGX:
-0.63
FBTC:
1.87
CHGX:
-1.83
FBTC:
4.09
CHGX:
16.26%
FBTC:
12.88%
CHGX:
40.51%
FBTC:
52.94%
CHGX:
-47.28%
FBTC:
-28.21%
CHGX:
-38.32%
FBTC:
-5.85%
Returns By Period
In the year-to-date period, CHGX achieves a -34.79% return, which is significantly lower than FBTC's 12.01% return.
CHGX
-34.79%
4.60%
-37.85%
-29.21%
-3.75%
2.79%
N/A
FBTC
12.01%
7.89%
7.62%
54.59%
N/A
N/A
N/A
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CHGX vs. FBTC - Expense Ratio Comparison
CHGX has a 0.49% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
CHGX vs. FBTC — Risk-Adjusted Performance Rank
CHGX
FBTC
CHGX vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) 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
CHGX vs. FBTC - Dividend Comparison
CHGX's dividend yield for the trailing twelve months is around 1.33%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF | 1.33% | 0.87% | 0.94% | 1.11% | 0.56% | 0.58% | 0.86% | 1.21% | 0.30% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CHGX vs. FBTC - Drawdown Comparison
The maximum CHGX drawdown since its inception was -47.28%, which is greater than FBTC's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for CHGX and FBTC.
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Volatility
CHGX vs. FBTC - Volatility Comparison
The current volatility for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) is 4.96%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 9.32%. This indicates that CHGX 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.
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