FBTC.TO vs. HOOD

Last updated Jun 4, 2026

FBTC.TO (Fidelity Advantage Bitcoin ETF) is Cryptocurrency fund actively managed by Fidelity, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past 3 years, FBTC.TO returned 34.59%/yr vs 109.41%/yr for HOOD. At a 0.43 correlation, their price movements are largely independent.

Performance

FBTC.TO vs. HOOD - Performance Comparison

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

Different Trading Currencies

FBTC.TO is traded in CAD, while HOOD is traded in USD. To make them comparable, the HOOD 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 higher than HOOD's -25.81% return.

FBTC.TO

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

HOOD

• 1D: -5.64%
• 1M: 10.39%
• YTD: -25.81%
• 6M: -38.24%
• 1Y: 17.01%
• 3Y*: 109.41%
• 5Y*: —
• 10Y*: —

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

FBTC.TO vs. HOOD - 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%
HOOD Robinhood Markets, Inc.	-25.81%	189.62%	217.59%	53.06%	-50.90%	-27.55%

Correlation

The correlation between FBTC.TO and HOOD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021	0.43

The correlation between FBTC.TO and HOOD shifts across timeframes, from 0.43 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FBTC.TO vs. HOOD — 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

HOOD

HOOD Risk / Return Rank: 47
HOOD Sharpe Ratio Rank: 48
HOOD Sortino Ratio Rank: 49
HOOD Omega Ratio Rank: 47
HOOD Calmar Ratio Rank: 47
HOOD Martin Ratio Rank: 46

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. HOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and Robinhood Markets, Inc. (HOOD). 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	HOOD	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	0.25	-1.14
Sortino ratio: Return per unit of downside risk	-1.23	0.86	-2.09
Omega ratio: Gain probability vs. loss probability	0.86	1.10	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.76	0.30	-1.05
Martin ratio: Return relative to average drawdown	-1.30	0.54	-1.84
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. HOOD - Sharpe Ratio Comparison

The current FBTC.TO Sharpe Ratio is -0.89, which is lower than the HOOD Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of FBTC.TO and HOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBTC.TO	HOOD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	0.25	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.31	-0.23

Drawdowns

FBTC.TO vs. HOOD - Drawdown Comparison

The maximum FBTC.TO drawdown since its inception was -70.77%, smaller than the maximum HOOD drawdown of -89.89%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and HOOD.

Drawdown Indicators

	FBTC.TO	HOOD	Difference
Max Drawdown Largest peak-to-trough decline	-70.77%	-89.89%	+19.12%
Max Drawdown (1Y) Largest decline over 1 year	-50.22%	-57.54%	+7.32%
Max Drawdown (3Y) Largest decline over 3 years	-50.22%	-57.54%	+7.32%
Current Drawdown Current decline from peak	-48.38%	-46.12%	-2.26%
Average Drawdown Average peak-to-trough decline	-30.94%	-59.59%	+28.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.18%	31.61%	-2.43%

Volatility

FBTC.TO vs. HOOD - Volatility Comparison

The current volatility for Fidelity Advantage Bitcoin ETF (FBTC.TO) is 9.72%, while Robinhood Markets, Inc. (HOOD) has a volatility of 20.72%. This indicates that FBTC.TO experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBTC.TO	HOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	20.72%	-11.00%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	49.40%	-15.77%
Volatility (1Y) Calculated over the trailing 1-year period	42.84%	67.80%	-24.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.37%	72.56%	-20.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.37%	72.56%	-20.19%

Dividends

FBTC.TO vs. HOOD - Dividend Comparison

Neither FBTC.TO nor HOOD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

FBTC.TO and HOOD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.