FBTC.TO vs. FCCV.TO
FBTC.TO (Fidelity Advantage Bitcoin ETF) and FCCV.TO (Fidelity Canadian Value ETF) are both exchange-traded funds - FBTC.TO is a Cryptocurrency fund actively managed by Fidelity, while FCCV.TO is a Canada Equities fund tracking the Fidelity Canada Canadian Value Index. FBTC.TO is actively managed, while FCCV.TO is passively managed. Over the past 3 years, FBTC.TO returned 34.59%/yr vs 24.94%/yr for FCCV.TO. At a 0.24 correlation, their price movements are largely independent. FBTC.TO charges 0.40%/yr vs 0.35%/yr for FCCV.TO.
Performance
FBTC.TO vs. FCCV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC.TO achieves a -24.39% return, which is significantly lower than FCCV.TO's 15.39% return.
FBTC.TO
- 1D
- -2.22%
- 1M
- -16.83%
- YTD
- -24.39%
- 6M
- -30.03%
- 1Y
- -37.95%
- 3Y*
- 34.59%
- 5Y*
- —
- 10Y*
- —
FCCV.TO
- 1D
- -1.10%
- 1M
- 5.29%
- YTD
- 15.39%
- 6M
- 17.25%
- 1Y
- 46.84%
- 3Y*
- 24.94%
- 5Y*
- 17.48%
- 10Y*
- —
FBTC.TO vs. FCCV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.39% | -10.85% | 137.16% | 145.80% | -61.34% | -20.88% |
FCCV.TO Fidelity Canadian Value ETF | 15.39% | 36.93% | 15.47% | 11.16% | -3.35% | 3.78% |
Correlation
The correlation between FBTC.TO and FCCV.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.24 |
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Return for Risk
FBTC.TO vs. FCCV.TO — Risk / Return Rank
FBTC.TO
FCCV.TO
FBTC.TO vs. FCCV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and Fidelity Canadian Value ETF (FCCV.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 | FCCV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.25 | ||
| Sortino ratioReturn per unit of downside risk | -5.50 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.61 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 4.81 | -5.56 |
| Martin ratioReturn relative to average drawdown | -1.30 | 21.76 | -23.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTC.TO | FCCV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 3.36 | -4.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.46 | -1.38 |
Drawdowns
FBTC.TO vs. FCCV.TO - Drawdown Comparison
The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than FCCV.TO's maximum drawdown of -19.81%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and FCCV.TO.
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Drawdown Indicators
| FBTC.TO | FCCV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.77% | -19.81% | -50.96% |
Max Drawdown (1Y)Largest decline over 1 year | -50.22% | -9.79% | -40.43% |
Max Drawdown (3Y)Largest decline over 3 years | -50.22% | -12.31% | -37.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.81% | — |
Current DrawdownCurrent decline from peak | -48.38% | -1.10% | -47.28% |
Average DrawdownAverage peak-to-trough decline | -30.94% | -3.54% | -27.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.18% | 2.16% | +27.02% |
Volatility
FBTC.TO vs. FCCV.TO - Volatility Comparison
Fidelity Advantage Bitcoin ETF (FBTC.TO) has a higher volatility of 9.72% compared to Fidelity Canadian Value ETF (FCCV.TO) at 3.95%. This indicates that FBTC.TO's price experiences larger fluctuations and is considered to be riskier than FCCV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC.TO | FCCV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 3.95% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 11.43% | +22.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.84% | 14.00% | +28.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.37% | 14.99% | +37.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.37% | 14.77% | +37.60% |
FBTC.TO vs. FCCV.TO - Expense Ratio Comparison
FBTC.TO has a 0.40% expense ratio, which is higher than FCCV.TO's 0.35% expense ratio.
Dividends
FBTC.TO vs. FCCV.TO - Dividend Comparison
FBTC.TO has not paid dividends to shareholders, while FCCV.TO's dividend yield for the trailing twelve months is around 1.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCCV.TO Fidelity Canadian Value ETF | 1.59% | 1.84% | 2.59% | 3.01% | 2.45% | 1.66% | 1.59% |
Frequently Asked Questions
FBTC.TO and FCCV.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCCV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCCV.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for FBTC.TO.
FBTC.TO is categorized as Cryptocurrency, while FCCV.TO is Canada Equities. Their fees differ too: 0.40% for FBTC.TO and 0.35% for FCCV.TO.
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