FAGAX vs. IBIT
FAGAX (Fidelity Advisor Growth Opportunities Fund Class A) and IBIT (iShares Bitcoin Trust ETF) are both funds - FAGAX is a Large Cap Growth Equities fund managed by Fidelity, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, FAGAX returned 32.95% vs -39.67% for IBIT. At a 0.43 correlation, their price movements are largely independent. FAGAX charges 1.04%/yr vs 0.25%/yr for IBIT.
Performance
FAGAX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FAGAX achieves a 11.01% return, which is significantly higher than IBIT's -27.41% return.
FAGAX
- 1D
- 2.38%
- 1M
- -0.83%
- YTD
- 11.01%
- 6M
- 12.09%
- 1Y
- 32.95%
- 3Y*
- 28.84%
- 5Y*
- 11.54%
- 10Y*
- 21.75%
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAGAX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 11.01% | 22.17% | 38.02% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between FAGAX and IBIT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.43 |
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Return for Risk
FAGAX vs. IBIT — Risk / Return Rank
FAGAX
IBIT
FAGAX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) and iShares Bitcoin Trust ETF (IBIT). 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.
| FAGAX | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.85 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.78 | +2.73 |
| Martin ratioReturn relative to average drawdown | 7.18 | -1.37 | +8.56 |
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Drawdowns
FAGAX vs. IBIT - Drawdown Comparison
The maximum FAGAX drawdown since its inception was -65.24%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for FAGAX and IBIT.
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Drawdown Indicators
| FAGAX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.24% | -52.11% | -13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -52.11% | +35.92% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.70% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -49.45% | +44.48% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -16.53% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 29.64% | -25.25% |
Volatility
FAGAX vs. IBIT - Volatility Comparison
The current volatility for Fidelity Advisor Growth Opportunities Fund Class A (FAGAX) is 7.26%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that FAGAX experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGAX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 12.07% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 34.45% | -19.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 44.10% | -24.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 50.26% | -25.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 50.26% | -26.31% |
FAGAX vs. IBIT - Expense Ratio Comparison
FAGAX has a 1.04% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
FAGAX vs. IBIT - Dividend Comparison
FAGAX's dividend yield for the trailing twelve months is around 3.70%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGAX Fidelity Advisor Growth Opportunities Fund Class A | 3.70% | 4.11% | 0.00% | 0.00% | 0.00% | 10.19% | 5.45% | 4.10% | 11.99% | 7.67% | 15.44% | 11.12% |
IBIT iShares Bitcoin Trust ETF | 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
FAGAX and IBIT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to FAGAX (7.26%). In terms of maximum drawdown, FAGAX dropped -65.24% vs IBIT's -52.11%.
FAGAX currently has the higher Sharpe Ratio (1.65 vs -0.92), 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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