FBTC vs. AAPL
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while AAPL (Apple Inc) is a stock. Over the past year, FBTC returned -40.63% vs 46.73% for AAPL. At a 0.15 correlation, their price movements are largely independent.
Performance
FBTC vs. AAPL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBTC achieves a -27.39% return, which is significantly lower than AAPL's 7.29% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- -1.52%
- 1M
- -2.59%
- YTD
- 7.29%
- 6M
- 4.81%
- 1Y
- 46.73%
- 3Y*
- 17.21%
- 5Y*
- 18.59%
- 10Y*
- 29.36%
FBTC vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
AAPL Apple Inc | 7.29% | 9.05% | 35.16% |
Correlation
The correlation between FBTC and AAPL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FBTC vs. AAPL — Risk / Return Rank
FBTC
AAPL
FBTC vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.40 | -4.19 |
| Martin ratioReturn relative to average drawdown | -1.37 | 8.47 | -9.85 |
Loading charts...
Drawdowns
FBTC vs. AAPL - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FBTC and AAPL.
Loading charts...
Drawdown Indicators
| FBTC | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -81.80% | +29.73% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -13.80% | -38.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -49.42% | -7.64% | -41.78% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -29.59% | +13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 5.53% | +24.08% |
Volatility
FBTC vs. AAPL - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to Apple Inc (AAPL) at 6.73%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBTC | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 6.73% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 16.53% | +17.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 22.64% | +21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 27.52% | +22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 28.92% | +21.21% |
Dividends
FBTC vs. AAPL - Dividend Comparison
FBTC has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBTC and AAPL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to AAPL (6.73%). In terms of maximum drawdown, FBTC dropped -52.07% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.07 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FBTC and AAPL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer