DIA vs. FBTC
DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, DIA returned 21.01% vs -40.63% for FBTC. At a 0.31 correlation, their price movements are largely independent. DIA charges 0.16%/yr vs 0.25%/yr for FBTC.
Performance
DIA vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, DIA achieves a 7.27% return, which is significantly higher than FBTC's -27.39% return.
DIA
- 1D
- 0.73%
- 1M
- 3.26%
- YTD
- 7.27%
- 6M
- 6.43%
- 1Y
- 21.01%
- 3Y*
- 16.29%
- 5Y*
- 10.14%
- 10Y*
- 13.40%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIA vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 7.27% | 14.71% | 14.80% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between DIA and FBTC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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Return for Risk
DIA vs. FBTC — Risk / Return Rank
DIA
FBTC
DIA vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) 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.
| DIA | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.85 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.78 | +2.94 |
| Martin ratioReturn relative to average drawdown | 8.35 | -1.37 | +9.72 |
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Drawdowns
DIA vs. FBTC - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, roughly equal to the maximum FBTC drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for DIA and FBTC.
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Drawdown Indicators
| DIA | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.87% | -52.07% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -52.07% | +42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -49.42% | +48.72% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -16.46% | +9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 29.61% | -27.08% |
Volatility
DIA vs. FBTC - Volatility Comparison
The current volatility for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) is 4.32%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that DIA 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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Volatility by Period
| DIA | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 11.97% | -7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 34.39% | -24.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 43.98% | -31.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 50.13% | -35.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 50.13% | -32.57% |
DIA vs. FBTC - Expense Ratio Comparison
DIA has a 0.16% expense ratio, which is lower than FBTC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DIA vs. FBTC - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.37%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.37% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
DIA and FBTC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to DIA (4.32%). In terms of maximum drawdown, DIA dropped -51.87% vs FBTC's -52.07%.
On 1-year performance, DIA leads with 21.01% vs -40.63% for FBTC. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIA has performed better with a 21.01% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIA is cheaper with a 0.16% expense ratio, compared with 0.25% for FBTC.
DIA has the higher dividend yield at 1.37%, compared with 0.00% for FBTC.
DIA is categorized as Large Cap Blend Equities, while FBTC is Cryptocurrency. DIA tracks Dow Jones Industrial Average, while FBTC tracks Fidelity Bitcoin Reference Rate. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.16% for DIA and 0.25% for FBTC.
DIA currently has the higher Sharpe Ratio (1.69 vs -0.93), 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.
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