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DEFI vs. FBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DEFI and FBTC is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

DEFI vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hashdex Bitcoin Futures ETF (DEFI) and Fidelity Wise Origin Bitcoin Trust (FBTC). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%AugustSeptemberOctoberNovemberDecember2025
57.46%
57.75%
DEFI
FBTC

Key characteristics

Sharpe Ratio

DEFI:

2.18

FBTC:

2.29

Sortino Ratio

DEFI:

2.72

FBTC:

2.84

Omega Ratio

DEFI:

1.32

FBTC:

1.33

Calmar Ratio

DEFI:

4.30

FBTC:

4.75

Martin Ratio

DEFI:

9.77

FBTC:

10.88

Ulcer Index

DEFI:

12.52%

FBTC:

11.97%

Daily Std Dev

DEFI:

56.23%

FBTC:

56.81%

Max Drawdown

DEFI:

-28.43%

FBTC:

-27.42%

Current Drawdown

DEFI:

-5.91%

FBTC:

-6.02%

Returns By Period

The year-to-date returns for both stocks are quite close, with DEFI having a 7.79% return and FBTC slightly lower at 7.51%.


DEFI

YTD

7.79%

1M

-5.91%

6M

57.45%

1Y

124.91%

5Y*

N/A

10Y*

N/A

FBTC

YTD

7.51%

1M

-6.02%

6M

57.75%

1Y

134.52%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


DEFI vs. FBTC - Expense Ratio Comparison

DEFI has a 0.90% expense ratio, which is higher than FBTC's 0.25% expense ratio.


DEFI
Hashdex Bitcoin Futures ETF
Expense ratio chart for DEFI: current value at 0.90% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.90%
Expense ratio chart for FBTC: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

DEFI vs. FBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEFI
The Risk-Adjusted Performance Rank of DEFI is 8181
Overall Rank
The Sharpe Ratio Rank of DEFI is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of DEFI is 7979
Sortino Ratio Rank
The Omega Ratio Rank of DEFI is 7373
Omega Ratio Rank
The Calmar Ratio Rank of DEFI is 9393
Calmar Ratio Rank
The Martin Ratio Rank of DEFI is 7474
Martin Ratio Rank

FBTC
The Risk-Adjusted Performance Rank of FBTC is 8383
Overall Rank
The Sharpe Ratio Rank of FBTC is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTC is 8282
Sortino Ratio Rank
The Omega Ratio Rank of FBTC is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FBTC is 9595
Calmar Ratio Rank
The Martin Ratio Rank of FBTC is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DEFI vs. FBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) 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.


Sharpe ratio
The chart of Sharpe ratio for DEFI, currently valued at 2.18, compared to the broader market0.002.004.002.182.29
The chart of Sortino ratio for DEFI, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.0010.002.722.84
The chart of Omega ratio for DEFI, currently valued at 1.32, compared to the broader market0.501.001.502.002.503.001.321.33
The chart of Calmar ratio for DEFI, currently valued at 4.30, compared to the broader market0.005.0010.0015.004.304.75
The chart of Martin ratio for DEFI, currently valued at 9.77, compared to the broader market0.0020.0040.0060.0080.00100.009.7710.88
DEFI
FBTC

The current DEFI Sharpe Ratio is 2.18, which is comparable to the FBTC Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of DEFI and FBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.102.152.202.252.3003 AM06 AM09 AM12 PM03 PM06 PM09 PMThu 16
2.18
2.29
DEFI
FBTC

Dividends

DEFI vs. FBTC - Dividend Comparison

Neither DEFI nor FBTC has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

DEFI vs. FBTC - Drawdown Comparison

The maximum DEFI drawdown since its inception was -28.43%, roughly equal to the maximum FBTC drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for DEFI and FBTC. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-5.91%
-6.02%
DEFI
FBTC

Volatility

DEFI vs. FBTC - Volatility Comparison

Hashdex Bitcoin Futures ETF (DEFI) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 15.93% and 15.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%AugustSeptemberOctoberNovemberDecember2025
15.93%
15.72%
DEFI
FBTC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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