FBTC.TO vs. FFIX.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advantage Bitcoin ETF (FBTC.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.NEO).

FBTC.TO and FFIX.NEO 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. FFIX.NEO is an actively managed fund by Fidelity. It was launched on May 30, 2025.

Performance

FBTC.TO vs. FFIX.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity Advantage Bitcoin ETF (FBTC.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.NEO). The values are adjusted to include any dividend payments, if applicable.

FBTC.TO vs. FFIX.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
FBTC.TO Fidelity Advantage Bitcoin ETF	-21.31%	-17.93%
FFIX.NEO Fidelity All-in-One Fixed Income ETF	-0.70%	-0.10%

Returns By Period

In the year-to-date period, FBTC.TO achieves a -21.31% return, which is significantly lower than FFIX.NEO's -0.70% return.

FBTC.TO

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

FFIX.NEO

• 1D: 0.41%
• 1M: -1.78%
• YTD: -0.70%
• 6M: -1.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBTC.TO vs. FFIX.NEO - Expense Ratio Comparison

FBTC.TO has a 0.40% expense ratio, which is higher than FFIX.NEO's 0.33% expense ratio.

FBTC.TO

Fidelity Advantage Bitcoin ETF

FFIX.NEO

Fidelity All-in-One Fixed Income ETF

Return for Risk

FBTC.TO vs. FFIX.NEO — 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

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. FFIX.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 Fixed Income ETF (FFIX.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	FFIX.NEO	Difference
Sharpe ratio Return per unit of total volatility	-0.50	—	—
Sortino ratio Return per unit of downside risk	-0.48	—	—
Omega ratio Gain probability vs. loss probability	0.94	—	—
Calmar ratio Return relative to maximum drawdown	-0.41	—	—
Martin ratio Return relative to average drawdown	-0.86	—	—
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	FFIX.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.23	+0.33

Correlation

The correlation between FBTC.TO and FFIX.NEO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FBTC.TO vs. FFIX.NEO - Dividend Comparison

Neither FBTC.TO nor FFIX.NEO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

FBTC.TO vs. FFIX.NEO - Drawdown Comparison

The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than FFIX.NEO's maximum drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and FFIX.NEO.

Drawdown Indicators

	FBTC.TO	FFIX.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-70.77%	-3.63%	-67.14%
Max Drawdown (1Y) Largest decline over 1 year	-50.22%	—	—
Current Drawdown Current decline from peak	-46.28%	-2.84%	-43.44%
Average Drawdown Average peak-to-trough decline	-30.54%	-1.11%	-29.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.90%	—	—

Volatility

Volatility by Period

	FBTC.TO	FFIX.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.79%	4.30%	+40.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.97%	4.30%	+48.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.97%	4.30%	+48.67%