CHGX vs. FBTC

Last updated Aug 2, 2026

CHGX (Stance Sustainable Beta ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - CHGX is a Large Cap Growth Equities fund tracking the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, CHGX returned 26.43% vs -44.55% for FBTC. Their 0.38 correlation means their historical movements had little consistent relationship. CHGX charges 0.49%/yr vs 0.25%/yr for FBTC.

Performance

CHGX vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stance Sustainable Beta ETF (CHGX) and Fidelity Wise Origin Bitcoin Fund (FBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 19.57% return, which is significantly higher than FBTC's -28.23% return.

CHGX

• 1D: -0.06%
• 1M: -0.88%
• 6M: 16.02%
• YTD: 19.57%
• 1Y: 26.43%
• 3Y*: 17.27%
• 5Y*: 9.09%
• 10Y*: —
• ALL TIME*: 13.17%

FBTC

• 1D: -2.93%
• 1M: 2.22%
• 6M: -25.08%
• YTD: -28.23%
• 1Y: -44.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHGX Stance Sustainable Beta ETF	$397.74K	$582.66K	$623.16K
FBTC Fidelity Wise Origin Bitcoin Fund	$183.96M	$200.45M	$239.07M

CHGX vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHGX Stance Sustainable Beta ETF	19.57%	12.13%	15.19%
FBTC Fidelity Wise Origin Bitcoin Fund	-28.23%	-6.56%	94.28%

Correlation

The correlation between CHGX and FBTC is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.38

Return for Risk

CHGX vs. FBTC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHGX

CHGX Risk / Return Rank: 76
CHGX Sharpe Ratio Rank: 75
CHGX Sortino Ratio Rank: 74
CHGX Omega Ratio Rank: 69
CHGX Calmar Ratio Rank: 81
CHGX Martin Ratio Rank: 81

FBTC

FBTC Risk / Return Rank: 1
FBTC Sharpe Ratio Rank: 1
FBTC Sortino Ratio Rank: 1
FBTC Omega Ratio Rank: 2
FBTC Calmar Ratio Rank: 2
FBTC Martin Ratio Rank: 1

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHGX vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stance Sustainable Beta ETF (CHGX) 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.

	CHGX	FBTC	Difference
Sharpe ratio: Return per unit of total volatility	1.72	-1.05	+2.76
Sortino ratio: Return per unit of downside risk	2.41	-1.58	+4.00
Omega ratio: Gain probability vs. loss probability	1.29	0.83	+0.46
Calmar ratio: Return relative to maximum drawdown	2.97	-0.87	+3.84
Martin ratio: Return relative to average drawdown	10.60	-1.34	+11.94

CHGX vs. FBTC - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 1.72, which is higher than the FBTC Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of CHGX and FBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHGX vs. FBTC - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, smaller than the maximum FBTC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for CHGX and FBTC.

Drawdown Indicators

	CHGX	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-53.35%	+17.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-53.35%	+44.85%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	—	—
Current Drawdown Current decline from peak	-3.00%	-50.01%	+47.01%
Average Drawdown Average peak-to-trough decline	-6.36%	-18.17%	+11.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	34.63%	-32.25%

Volatility

CHGX vs. FBTC - Volatility Comparison

The current volatility for Stance Sustainable Beta ETF (CHGX) is 3.43%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 9.07%. 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.

Volatility by Period

	CHGX	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	9.07%	-5.64%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	33.70%	-21.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	44.36%	-29.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	49.47%	-31.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	49.47%	-30.17%

CHGX vs. FBTC - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than FBTC's 0.25% expense ratio.

Dividends

CHGX vs. FBTC - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.56%, while FBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Stance Sustainable Beta ETF	0.56%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%
FBTC Fidelity Wise Origin Bitcoin Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHGX and FBTC in my portfolio?

CHGX and FBTC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHGX or FBTC?

FBTC has higher volatility (9.07%) compared to CHGX (3.43%). In terms of maximum drawdown, CHGX dropped -35.49% vs FBTC's -53.35%.

Which ETF is better, CHGX or FBTC?

On 1-year performance, CHGX leads with 26.43% vs -44.55% for FBTC. On fees, FBTC is cheaper at 0.25% per year. On volatility, CHGX has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or FBTC?

Over the 1-year period, CHGX has performed better with a 26.43% return vs -44.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or FBTC?

FBTC is cheaper with a 0.25% expense ratio, compared with 0.49% for CHGX.

Which ETF pays a higher dividend yield, CHGX or FBTC?

CHGX has the higher dividend yield at 0.56%, compared with 0.00% for FBTC.

What is the main difference between CHGX and FBTC?

CHGX is categorized as Large Cap Growth Equities, while FBTC is Cryptocurrency. CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while FBTC tracks Fidelity Bitcoin Reference Rate. They also come from different issuers: Stance and Fidelity. Their fees differ too: 0.49% for CHGX and 0.25% for FBTC.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (1.72 vs -1.05), 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.