DEFI vs. FBTC
Compare and contrast key facts about Hashdex Bitcoin Futures ETF (DEFI) and Fidelity Wise Origin Bitcoin Trust (FBTC).
DEFI and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEFI is a passively managed fund by Hashdex that tracks the performance of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. It was launched on Sep 15, 2022. 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 DEFI 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: DEFI or FBTC.
Correlation
The correlation between DEFI 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.
Performance
DEFI vs. FBTC - Performance Comparison
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Key characteristics
DEFI:
1.21
FBTC:
1.23
DEFI:
1.84
FBTC:
1.90
DEFI:
1.22
FBTC:
1.22
DEFI:
2.32
FBTC:
2.39
DEFI:
5.05
FBTC:
5.24
DEFI:
13.07%
FBTC:
12.88%
DEFI:
53.96%
FBTC:
53.95%
DEFI:
-28.47%
FBTC:
-28.21%
DEFI:
-2.45%
FBTC:
-1.89%
Returns By Period
The year-to-date returns for both investments are quite close, with DEFI having a 11.77% return and FBTC slightly higher at 12.25%.
DEFI
11.77%
25.01%
16.13%
64.69%
N/A
N/A
FBTC
12.25%
25.03%
16.83%
65.71%
N/A
N/A
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DEFI vs. FBTC - Expense Ratio Comparison
DEFI has a 0.90% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
DEFI vs. FBTC — Risk-Adjusted Performance Rank
DEFI
FBTC
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.
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Dividends
DEFI vs. FBTC - Dividend Comparison
Neither DEFI nor FBTC has paid dividends to shareholders.
Drawdowns
DEFI vs. FBTC - Drawdown Comparison
The maximum DEFI drawdown since its inception was -28.47%, roughly equal to the maximum FBTC drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for DEFI and FBTC. For additional features, visit the drawdowns tool.
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Volatility
DEFI vs. FBTC - Volatility Comparison
Hashdex Bitcoin Futures ETF (DEFI) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 8.99% and 9.02%, 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.
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