FBTC.TO vs. XCHP.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advantage Bitcoin ETF (FBTC.TO) and iShares Semiconductor Index ETF (XCHP.TO).

FBTC.TO and XCHP.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. XCHP.TO is a passively managed fund by iShares that tracks the performance of the NYSE Semiconductor Index. It was launched on Sep 6, 2023.

Performance

FBTC.TO vs. XCHP.TO - Performance Comparison

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

FBTC.TO vs. XCHP.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FBTC.TO Fidelity Advantage Bitcoin ETF	-21.31%	-10.85%	137.16%	55.18%
XCHP.TO iShares Semiconductor Index ETF	13.74%	33.58%	21.73%	15.27%

Returns By Period

In the year-to-date period, FBTC.TO achieves a -21.31% return, which is significantly lower than XCHP.TO's 13.74% return.

FBTC.TO

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

XCHP.TO

• 1D: 2.81%
• 1M: -2.23%
• YTD: 13.74%
• 6M: 22.22%
• 1Y: 77.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBTC.TO vs. XCHP.TO - Expense Ratio Comparison

FBTC.TO has a 0.40% expense ratio, which is higher than XCHP.TO's 0.39% expense ratio.

FBTC.TO

Fidelity Advantage Bitcoin ETF

XCHP.TO

iShares Semiconductor Index ETF

Return for Risk

FBTC.TO vs. XCHP.TO — 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

XCHP.TO

XCHP.TO Risk / Return Rank: 85
XCHP.TO Sharpe Ratio Rank: 89
XCHP.TO Sortino Ratio Rank: 89
XCHP.TO Omega Ratio Rank: 86
XCHP.TO Calmar Ratio Rank: 82
XCHP.TO Martin Ratio Rank: 80

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. XCHP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advantage Bitcoin ETF (FBTC.TO) and iShares Semiconductor Index ETF (XCHP.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	XCHP.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.50	1.94	-2.45
Sortino ratio Return per unit of downside risk	-0.48	2.55	-3.03
Omega ratio Gain probability vs. loss probability	0.94	1.35	-0.41
Calmar ratio Return relative to maximum drawdown	-0.41	2.46	-2.87
Martin ratio Return relative to average drawdown	-0.86	9.06	-9.91
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. XCHP.TO - Sharpe Ratio Comparison

The current FBTC.TO Sharpe Ratio is -0.50, which is lower than the XCHP.TO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of FBTC.TO and XCHP.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FBTC.TO	XCHP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	1.94	-2.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	1.03	-0.93

Correlation

The correlation between FBTC.TO and XCHP.TO is 0.28, 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. XCHP.TO - Dividend Comparison

FBTC.TO has not paid dividends to shareholders, while XCHP.TO's dividend yield for the trailing twelve months is around 0.37%.

	TTM	2025	2024	2023
FBTC.TO Fidelity Advantage Bitcoin ETF	0.00%	0.00%	0.00%	0.00%
XCHP.TO iShares Semiconductor Index ETF	0.37%	0.43%	0.29%	0.17%

Drawdowns

FBTC.TO vs. XCHP.TO - Drawdown Comparison

The maximum FBTC.TO drawdown since its inception was -70.77%, which is greater than XCHP.TO's maximum drawdown of -38.95%. Use the drawdown chart below to compare losses from any high point for FBTC.TO and XCHP.TO.

Drawdown Indicators

	FBTC.TO	XCHP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.77%	-38.95%	-31.82%
Max Drawdown (1Y) Largest decline over 1 year	-50.22%	-17.39%	-32.83%
Current Drawdown Current decline from peak	-46.28%	-6.55%	-39.73%
Average Drawdown Average peak-to-trough decline	-30.54%	-9.24%	-21.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.90%	6.70%	+17.20%

Volatility

FBTC.TO vs. XCHP.TO - Volatility Comparison

Fidelity Advantage Bitcoin ETF (FBTC.TO) and iShares Semiconductor Index ETF (XCHP.TO) have volatilities of 12.86% and 12.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBTC.TO	XCHP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	12.71%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	36.25%	26.42%	+9.83%
Volatility (1Y) Calculated over the trailing 1-year period	44.79%	41.01%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.97%	38.21%	+14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.97%	38.21%	+14.76%