FBTC.TO vs. BCCC

Last updated Jun 4, 2026

FBTC.TO (Fidelity Advantage Bitcoin ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. FBTC.TO charges 0.40%/yr vs 0.75%/yr for BCCC.

Performance

FBTC.TO vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Advantage Bitcoin ETF (FBTC.TO) and Global X Bitcoin Covered Call ETF (BCCC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FBTC.TO is traded in CAD, while BCCC is traded in USD. To make them comparable, the BCCC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FBTC.TO achieves a -24.39% return, which is significantly lower than BCCC's -20.49% return.

FBTC.TO

• 1D: -2.22%
• 1M: -16.83%
• YTD: -24.39%
• 6M: -30.03%
• 1Y: -37.95%
• 3Y*: 34.59%
• 5Y*: —
• 10Y*: —

BCCC

• 1D: -2.38%
• 1M: -13.20%
• YTD: -20.49%
• 6M: -22.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBTC.TO vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
FBTC.TO Fidelity Advantage Bitcoin ETF	-24.39%	-16.51%
BCCC Global X Bitcoin Covered Call ETF	-20.49%	-6.84%

Correlation

The correlation between FBTC.TO and BCCC is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.95

Return for Risk

FBTC.TO vs. BCCC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBTC.TO

FBTC.TO Risk / Return Rank: 2
FBTC.TO Sharpe Ratio Rank: 2
FBTC.TO Sortino Ratio Rank: 2
FBTC.TO Omega Ratio Rank: 2
FBTC.TO Calmar Ratio Rank: 2
FBTC.TO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBTC.TO vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and Global X Bitcoin Covered Call ETF (BCCC). 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.

	FBTC.TO	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.23	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.76	—	—
Martin ratio: Return relative to average drawdown	-1.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FBTC.TO	BCCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.76	+0.84

Drawdowns

FBTC.TO vs. BCCC - Drawdown Comparison

The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than BCCC's maximum drawdown of -42.60%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and BCCC.

Drawdown Indicators

	FBTC.TO	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-70.77%	-42.60%	-28.17%
Max Drawdown (1Y) Largest decline over 1 year	-50.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.22%	—	—
Current Drawdown Current decline from peak	-48.38%	-37.46%	-10.92%
Average Drawdown Average peak-to-trough decline	-30.94%	-17.20%	-13.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.18%	—	—

Volatility

Volatility by Period

	FBTC.TO	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.84%	34.29%	+8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.37%	34.29%	+18.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.37%	34.29%	+18.08%

FBTC.TO vs. BCCC - Expense Ratio Comparison

FBTC.TO has a 0.40% expense ratio, which is lower than BCCC's 0.75% expense ratio.

Dividends

FBTC.TO vs. BCCC - Dividend Comparison

FBTC.TO has not paid dividends to shareholders, while BCCC's dividend yield for the trailing twelve months is around 62.51%.

Position	TTM	2025
BCCC Global X Bitcoin Covered Call ETF	62.51%	29.55%
FBTC.TO Fidelity Advantage Bitcoin ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBTC.TO and BCCC in my portfolio?

With a correlation of 0.95, FBTC.TO and BCCC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FBTC.TO or BCCC?

On fees, FBTC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBTC.TO or BCCC?

FBTC.TO is cheaper with a 0.40% expense ratio, compared with 0.75% for BCCC.

What is the main difference between FBTC.TO and BCCC?

They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.40% for FBTC.TO and 0.75% for BCCC.