FBTC.TO vs. HOOD
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 30.58%/yr vs 103.33%/yr for HOOD. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
FBTC.TO vs. HOOD - Performance Comparison
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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 -26.79% return, which is significantly lower than HOOD's -18.27% return.
FBTC.TO
- 1D
- -2.82%
- 1M
- -0.55%
- 6M
- -17.34%
- YTD
- -26.79%
- 1Y
- -43.70%
- 3Y*
- 30.58%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.42%
HOOD
- 1D
- 4.38%
- 1M
- -21.01%
- 6M
- 3.26%
- YTD
- -18.27%
- 1Y
- -8.55%
- 3Y*
- 103.33%
- 5Y*
- 7.49%
- 10Y*
- —
- ALL TIME*
- 21.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.47M | CA$1.74M | CA$2.64M | |
| CA$2.71B | CA$3.09B | CA$3.56B |
FBTC.TO vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | -26.79% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
HOOD Robinhood Markets, Inc. | -18.27% | 189.69% | 217.23% | 52.79% | -51.26% | -25.96% |
Correlation
The correlation between FBTC.TO and HOOD is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.44 |
The correlation between FBTC.TO and HOOD shifts across timeframes, from 0.44 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBTC.TO vs. HOOD — Risk / Return Rank
FBTC.TO
HOOD
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBTC.TO | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.04 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.15 | -0.72 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.25 | -1.04 |
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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 -89.95%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and HOOD.
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Drawdown Indicators
| FBTC.TO | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.77% | -89.95% | +19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -52.71% | -57.43% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -52.71% | -57.43% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.58% | — |
Current DrawdownCurrent decline from peak | -50.02% | -40.50% | -9.52% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -58.67% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.33% | 34.32% | +1.01% |
Volatility
FBTC.TO vs. HOOD - Volatility Comparison
The current volatility for Fidelity Advantage Bitcoin ETF (FBTC.TO) is 7.97%, while Robinhood Markets, Inc. (HOOD) has a volatility of 17.95%. 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.
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Volatility by Period
| FBTC.TO | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 17.95% | -9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 32.98% | 53.35% | -20.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.81% | 70.06% | -26.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.90% | 73.16% | -21.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.90% | 74.02% | -22.12% |
Dividends
FBTC.TO vs. HOOD - Dividend Comparison
Neither FBTC.TO nor HOOD has paid dividends to shareholders.
Frequently Asked Questions
FBTC.TO and HOOD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for FBTC.TO and HOOD
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