EZBC vs. FBTC
Compare and contrast key facts about Franklin Bitcoin ETF (EZBC) and Fidelity Wise Origin Bitcoin Trust (FBTC).
EZBC and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. 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 EZBC 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.
Performance
EZBC vs. FBTC - Performance Comparison
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EZBC vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | -22.09% | -6.56% | 100.18% |
FBTC Fidelity Wise Origin Bitcoin Trust | -22.13% | -6.56% | 99.56% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EZBC having a -22.09% return and FBTC slightly lower at -22.13%.
EZBC
- 1D
- 0.59%
- 1M
- -1.43%
- YTD
- -22.09%
- 6M
- -42.07%
- 1Y
- -19.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTC
- 1D
- 0.56%
- 1M
- -1.49%
- YTD
- -22.13%
- 6M
- -42.09%
- 1Y
- -20.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EZBC vs. FBTC - Expense Ratio Comparison
EZBC has a 0.19% 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%.
Return for Risk
EZBC vs. FBTC — Risk / Return Rank
EZBC
FBTC
EZBC vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) 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.
| EZBC | FBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.44 | 0.00 |
Sortino ratioReturn per unit of downside risk | -0.37 | -0.37 | 0.00 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.96 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.36 | 0.00 |
Martin ratioReturn relative to average drawdown | -0.75 | -0.75 | 0.00 |
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
| EZBC | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.44 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.36 | 0.00 |
Correlation
The correlation between EZBC and FBTC is 1.00, 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.
Dividends
EZBC vs. FBTC - Dividend Comparison
Neither EZBC nor FBTC has paid dividends to shareholders.
Drawdowns
EZBC vs. FBTC - Drawdown Comparison
The maximum EZBC drawdown since its inception was -49.37%, roughly equal to the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for EZBC and FBTC.
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Drawdown Indicators
| EZBC | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.37% | -49.33% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -49.37% | -49.33% | -0.04% |
Current DrawdownCurrent decline from peak | -45.77% | -45.76% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -14.18% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.25% | 23.23% | +0.02% |
Volatility
EZBC vs. FBTC - Volatility Comparison
Franklin Bitcoin ETF (EZBC) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 13.02% and 12.91%, 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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Volatility by Period
| EZBC | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.02% | 12.91% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.81% | 36.78% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.37% | 45.27% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.08% | 51.16% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.08% | 51.16% | -0.08% |