FBTC.TO vs. FEQT.NEO
FBTC.TO (Fidelity Advantage Bitcoin ETF) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both exchange-traded funds - FBTC.TO is a Cryptocurrency fund actively managed by Fidelity, while FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past year, FBTC.TO returned -37.95% vs 24.74% for FEQT.NEO. At a 0.43 correlation, their price movements are largely independent. FBTC.TO charges 0.40%/yr vs 0.43%/yr for FEQT.NEO.
Performance
FBTC.TO vs. FEQT.NEO - 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 FEQT.NEO's 10.30% return.
FBTC.TO
- 1D
- -2.22%
- 1M
- -16.83%
- YTD
- -24.39%
- 6M
- -30.03%
- 1Y
- -37.95%
- 3Y*
- 34.59%
- 5Y*
- —
- 10Y*
- —
FEQT.NEO
- 1D
- -0.38%
- 1M
- 4.01%
- YTD
- 10.30%
- 6M
- 10.63%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTC.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.39% | -10.85% | 54.83% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.30% | 19.42% | 14.08% |
Correlation
The correlation between FBTC.TO and FEQT.NEO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.43 |
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Return for Risk
FBTC.TO vs. FEQT.NEO — Risk / Return Rank
FBTC.TO
FEQT.NEO
FBTC.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.NEO). 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 | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.42 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.99 | -3.75 |
| Martin ratioReturn relative to average drawdown | -1.30 | 12.96 | -14.26 |
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 | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 2.26 | -3.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.77 | -1.69 |
Drawdowns
FBTC.TO vs. FEQT.NEO - Drawdown Comparison
The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than FEQT.NEO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and FEQT.NEO.
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Drawdown Indicators
| FBTC.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.77% | -13.24% | -57.53% |
Max Drawdown (1Y)Largest decline over 1 year | -50.22% | -8.31% | -41.91% |
Max Drawdown (3Y)Largest decline over 3 years | -50.22% | — | — |
Current DrawdownCurrent decline from peak | -48.38% | -1.02% | -47.36% |
Average DrawdownAverage peak-to-trough decline | -30.94% | -1.45% | -29.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.18% | 1.91% | +27.27% |
Volatility
FBTC.TO vs. FEQT.NEO - Volatility Comparison
Fidelity Advantage Bitcoin ETF (FBTC.TO) has a higher volatility of 9.72% compared to Fidelity All-in-One Equity ETF Fund (FEQT.NEO) at 3.89%. This indicates that FBTC.TO's price experiences larger fluctuations and is considered to be riskier than FEQT.NEO 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 | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.72% | 3.89% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 8.88% | +24.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.84% | 11.01% | +31.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.37% | 12.45% | +39.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.37% | 12.45% | +39.92% |
FBTC.TO vs. FEQT.NEO - Expense Ratio Comparison
FBTC.TO has a 0.40% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
FBTC.TO vs. FEQT.NEO - Dividend Comparison
FBTC.TO has not paid dividends to shareholders, while FEQT.NEO's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% |
Frequently Asked Questions
FBTC.TO and FEQT.NEO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FBTC.TO is cheaper with a 0.40% expense ratio, compared with 0.43% for FEQT.NEO.
FBTC.TO is categorized as Cryptocurrency, while FEQT.NEO is Diversified Portfolio. Their fees differ too: 0.40% for FBTC.TO and 0.43% for FEQT.NEO.
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