FBTC.TO vs. ETC.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advantage Bitcoin ETF (FBTC.TO) and Evolve Cryptocurrencies ETF (ETC.TO).

FBTC.TO and ETC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBTC.TO is an actively managed fund by Fidelity. It was launched on Nov 30, 2021. ETC.TO is an actively managed fund by Evolve. It was launched on Aug 21, 2024.

Performance

FBTC.TO vs. ETC.TO - Performance Comparison

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

FBTC.TO vs. ETC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FBTC.TO Fidelity Advantage Bitcoin ETF	-21.31%	-10.85%	137.16%	145.80%	-61.34%	-20.88%
ETC.TO Evolve Cryptocurrencies ETF	-23.10%	-13.66%	117.58%	126.17%	-63.55%	-20.81%

Returns By Period

In the year-to-date period, FBTC.TO achieves a -21.31% return, which is significantly higher than ETC.TO's -23.10% return.

FBTC.TO

• 1D: 0.39%
• 1M: -0.48%
• YTD: -21.31%
• 6M: -42.50%
• 1Y: -22.45%
• 3Y*: 33.42%
• 5Y*: —
• 10Y*: —

ETC.TO

• 1D: 2.26%
• 1M: 5.54%
• YTD: -23.10%
• 6M: -43.95%
• 1Y: -19.35%
• 3Y*: 25.53%
• 5Y*: —
• 10Y*: —

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

FBTC.TO vs. ETC.TO - Expense Ratio Comparison

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

ETC.TO

Evolve Cryptocurrencies ETF

FBTC.TO

Fidelity Advantage Bitcoin ETF

Return for Risk

FBTC.TO vs. ETC.TO — 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: 5
FBTC.TO Sharpe Ratio Rank: 4
FBTC.TO Sortino Ratio Rank: 5
FBTC.TO Omega Ratio Rank: 5
FBTC.TO Calmar Ratio Rank: 6
FBTC.TO Martin Ratio Rank: 5

ETC.TO

ETC.TO Risk / Return Rank: 6
ETC.TO Sharpe Ratio Rank: 5
ETC.TO Sortino Ratio Rank: 6
ETC.TO Omega Ratio Rank: 6
ETC.TO Calmar Ratio Rank: 6
ETC.TO Martin Ratio Rank: 6

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. ETC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and Evolve Cryptocurrencies ETF (ETC.TO). 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	ETC.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.50	-0.40	-0.11
Sortino ratio Return per unit of downside risk	-0.48	-0.28	-0.20
Omega ratio Gain probability vs. loss probability	0.94	0.97	-0.02
Calmar ratio Return relative to maximum drawdown	-0.41	-0.38	-0.03
Martin ratio Return relative to average drawdown	-0.86	-0.79	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBTC.TO vs. ETC.TO - Sharpe Ratio Comparison

The current FBTC.TO Sharpe Ratio is -0.50, which is comparable to the ETC.TO Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of FBTC.TO and ETC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBTC.TO	ETC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	-0.40	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.12	-0.02

Correlation

The correlation between FBTC.TO and ETC.TO is 0.93, 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

FBTC.TO vs. ETC.TO - Dividend Comparison

FBTC.TO has not paid dividends to shareholders, while ETC.TO's dividend yield for the trailing twelve months is around 0.76%.

	TTM	2025	2024
FBTC.TO Fidelity Advantage Bitcoin ETF	0.00%	0.00%	0.00%
ETC.TO Evolve Cryptocurrencies ETF	0.76%	0.58%	0.05%

Drawdowns

FBTC.TO vs. ETC.TO - Drawdown Comparison

The maximum FBTC.TO drawdown since its inception was -70.77%, smaller than the maximum ETC.TO drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and ETC.TO.

Drawdown Indicators

	FBTC.TO	ETC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.77%	-75.66%	+4.89%
Max Drawdown (1Y) Largest decline over 1 year	-50.22%	-53.00%	+2.78%
Current Drawdown Current decline from peak	-46.28%	-49.34%	+3.06%
Average Drawdown Average peak-to-trough decline	-30.54%	-34.98%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.90%	25.28%	-1.38%

Volatility

FBTC.TO vs. ETC.TO - Volatility Comparison

The current volatility for Fidelity Advantage Bitcoin ETF (FBTC.TO) is 12.86%, while Evolve Cryptocurrencies ETF (ETC.TO) has a volatility of 14.56%. This indicates that FBTC.TO experiences smaller price fluctuations and is considered to be less risky than ETC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBTC.TO	ETC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	14.56%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	36.25%	39.98%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	44.79%	48.96%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.97%	54.80%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.97%	54.80%	-1.83%