FBTC.TO vs. TEC.TO
Compare and contrast key facts about Fidelity Advantage Bitcoin ETF (FBTC.TO) and TD Global Technology Leaders Index ETF (TEC.TO).
FBTC.TO and TEC.TO 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. TEC.TO is a passively managed fund by TD that tracks the performance of the Solactive Global Technology Leaders Index. It was launched on Mar 29, 2022.
Performance
FBTC.TO vs. TEC.TO - Performance Comparison
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FBTC.TO vs. TEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | -21.62% | -10.85% | 137.16% | 145.80% | -61.34% | -20.88% |
TEC.TO TD Global Technology Leaders Index ETF | -9.09% | 15.45% | 45.60% | 53.28% | -32.19% | 1.31% |
Returns By Period
In the year-to-date period, FBTC.TO achieves a -21.62% return, which is significantly lower than TEC.TO's -9.09% return.
FBTC.TO
- 1D
- 1.70%
- 1M
- 5.18%
- YTD
- -21.62%
- 6M
- -40.83%
- 1Y
- -20.77%
- 3Y*
- 33.25%
- 5Y*
- —
- 10Y*
- —
TEC.TO
- 1D
- 3.86%
- 1M
- -3.17%
- YTD
- -9.09%
- 6M
- -8.64%
- 1Y
- 18.11%
- 3Y*
- 24.37%
- 5Y*
- 14.22%
- 10Y*
- —
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FBTC.TO vs. TEC.TO - Expense Ratio Comparison
FBTC.TO has a 0.40% expense ratio, which is higher than TEC.TO's 0.35% expense ratio.
Return for Risk
FBTC.TO vs. TEC.TO — Risk / Return Rank
FBTC.TO
TEC.TO
FBTC.TO vs. TEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and TD Global Technology Leaders Index ETF (TEC.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 | TEC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.47 | 0.75 | -1.21 |
Sortino ratioReturn per unit of downside risk | -0.41 | 1.19 | -1.60 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.04 | -1.47 |
Martin ratioReturn relative to average drawdown | -0.91 | 3.05 | -3.96 |
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 | TEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 0.75 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.80 | -0.70 |
Correlation
The correlation between FBTC.TO and TEC.TO is 0.38, 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. TEC.TO - Dividend Comparison
FBTC.TO has not paid dividends to shareholders, while TEC.TO's dividend yield for the trailing twelve months is around 0.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEC.TO TD Global Technology Leaders Index ETF | 0.13% | 0.13% | 0.12% | 0.21% | 0.31% | 0.22% | 0.33% | 0.28% |
Drawdowns
FBTC.TO vs. TEC.TO - Drawdown Comparison
The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than TEC.TO's maximum drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and TEC.TO.
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Drawdown Indicators
| FBTC.TO | TEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.77% | -35.31% | -35.46% |
Max Drawdown (1Y)Largest decline over 1 year | -50.22% | -17.52% | -32.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.31% | — |
Current DrawdownCurrent decline from peak | -46.48% | -14.34% | -32.14% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -8.17% | -22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.72% | 5.98% | +17.74% |
Volatility
FBTC.TO vs. TEC.TO - Volatility Comparison
Fidelity Advantage Bitcoin ETF (FBTC.TO) has a higher volatility of 13.01% compared to TD Global Technology Leaders Index ETF (TEC.TO) at 6.90%. This indicates that FBTC.TO's price experiences larger fluctuations and is considered to be riskier than TEC.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 | TEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 6.90% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.24% | 13.42% | +22.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.80% | 24.28% | +20.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.99% | 22.32% | +30.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.99% | 23.92% | +29.07% |