FBMPX vs. IBIT
FBMPX (Fidelity Select Communication Services Portfolio) and IBIT (iShares Bitcoin Trust ETF) are both funds - FBMPX is a Communications 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, FBMPX returned 31.47% vs -40.63% for IBIT. At a 0.36 correlation, their price movements are largely independent. FBMPX charges 0.74%/yr vs 0.25%/yr for IBIT.
Performance
FBMPX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FBMPX achieves a 6.45% return, which is significantly higher than IBIT's -27.41% return.
FBMPX
- 1D
- 1.26%
- 1M
- -4.77%
- YTD
- 6.45%
- 6M
- 7.98%
- 1Y
- 31.47%
- 3Y*
- 32.60%
- 5Y*
- 13.16%
- 10Y*
- 17.13%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBMPX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBMPX Fidelity Select Communication Services Portfolio | 6.45% | 37.07% | 34.81% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between FBMPX and IBIT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.36 |
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Return for Risk
FBMPX vs. IBIT — Risk / Return Rank
FBMPX
IBIT
FBMPX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Communication Services Portfolio (FBMPX) 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.
| FBMPX | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.85 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.78 | +2.61 |
| Martin ratioReturn relative to average drawdown | 6.79 | -1.37 | +8.16 |
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Drawdowns
FBMPX vs. IBIT - Drawdown Comparison
The maximum FBMPX drawdown since its inception was -61.77%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for FBMPX and IBIT.
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Drawdown Indicators
| FBMPX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.77% | -52.11% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -52.11% | +35.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.42% | — | — |
Current DrawdownCurrent decline from peak | -6.18% | -49.45% | +43.27% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -16.53% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 29.64% | -25.08% |
Volatility
FBMPX vs. IBIT - Volatility Comparison
The current volatility for Fidelity Select Communication Services Portfolio (FBMPX) is 5.48%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 12.07%. This indicates that FBMPX 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
| FBMPX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 12.07% | -6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 34.45% | -20.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 44.10% | -24.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.30% | 50.26% | -26.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 50.26% | -28.28% |
FBMPX vs. IBIT - Expense Ratio Comparison
FBMPX has a 0.74% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
FBMPX vs. IBIT - Dividend Comparison
FBMPX's dividend yield for the trailing twelve months is around 12.58%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBMPX Fidelity Select Communication Services Portfolio | 12.58% | 8.09% | 7.05% | 0.00% | 0.00% | 5.88% | 3.74% | 35.43% | 15.29% | 5.53% | 7.50% | 7.29% |
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
FBMPX and IBIT have a correlation of 0.41, 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 FBMPX (5.48%). In terms of maximum drawdown, FBMPX dropped -61.77% vs IBIT's -52.11%.
FBMPX currently has the higher Sharpe Ratio (1.61 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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