EH vs. FBTC
EH (Ehang Holdings Ltd) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, EH returned -39.29% vs -38.65% for FBTC. At a 0.28 correlation, their price movements are largely independent.
Performance
EH vs. FBTC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EH having a -25.80% return and FBTC slightly higher at -25.34%.
EH
- 1D
- -4.31%
- 1M
- -3.65%
- YTD
- -25.80%
- 6M
- -28.67%
- 1Y
- -39.29%
- 3Y*
- -3.49%
- 5Y*
- -21.40%
- 10Y*
- —
FBTC
- 1D
- -2.65%
- 1M
- -18.37%
- YTD
- -25.34%
- 6M
- -29.78%
- 1Y
- -38.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EH vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EH Ehang Holdings Ltd | -25.80% | -16.29% | 5.67% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.34% | -6.56% | 99.56% |
Correlation
The correlation between EH and FBTC is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.28 |
The correlation between EH and FBTC shifts across timeframes, from 0.28 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EH vs. FBTC — Risk / Return Rank
EH
FBTC
EH vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ehang Holdings Ltd (EH) 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.
| EH | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.79 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.36 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EH | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | -0.89 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.30 | -0.34 |
Drawdowns
EH vs. FBTC - Drawdown Comparison
The maximum EH drawdown since its inception was -97.07%, which is greater than FBTC's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for EH and FBTC.
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Drawdown Indicators
| EH | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.07% | -49.33% | -47.74% |
Max Drawdown (1Y)Largest decline over 1 year | -54.33% | -49.33% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -65.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.81% | — | — |
Current DrawdownCurrent decline from peak | -92.12% | -48.00% | -44.12% |
Average DrawdownAverage peak-to-trough decline | -74.62% | -16.01% | -58.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.06% | 28.41% | +2.65% |
Volatility
EH vs. FBTC - Volatility Comparison
Ehang Holdings Ltd (EH) has a higher volatility of 14.18% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 9.39%. This indicates that EH's price experiences larger fluctuations and is considered to be riskier 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
| EH | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.18% | 9.39% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 36.84% | 34.38% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 43.61% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.56% | 50.13% | +34.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.03% | 50.13% | +49.90% |
Dividends
EH vs. FBTC - Dividend Comparison
Neither EH nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
EH and FBTC have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EH has higher volatility (14.18%) compared to FBTC (9.39%). In terms of maximum drawdown, EH dropped -97.07% vs FBTC's -49.33%.
EH currently has the higher Sharpe Ratio (-0.82 vs -0.89), 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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