FBTC vs. AMD
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while AMD (Advanced Micro Devices, Inc.) is a stock. Over the past year, FBTC returned -44.68% vs 220.77% for AMD. At a 0.34 correlation, their price movements are largely independent.
Performance
FBTC vs. AMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBTC achieves a -25.63% return, which is significantly lower than AMD's 135.14% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
AMD
- 1D
- 1.58%
- 1M
- -6.29%
- 6M
- 117.22%
- YTD
- 135.14%
- 1Y
- 220.77%
- 3Y*
- 65.57%
- 5Y*
- 41.30%
- 10Y*
- 56.16%
- ALL TIME*
- 9.74%
FBTC vs. AMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
AMD Advanced Micro Devices, Inc. | 135.14% | 77.30% | -18.68% |
Correlation
The correlation between FBTC and AMD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.34 |
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. AMD — Risk / Return Rank
FBTC
AMD
FBTC vs. AMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Advanced Micro Devices, Inc. (AMD). 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 | AMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.24 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 8.01 | -8.85 |
| Martin ratioReturn relative to average drawdown | -1.34 | 16.22 | -17.56 |
Loading charts...
Drawdowns
FBTC vs. AMD - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for FBTC and AMD.
Loading charts...
Drawdown Indicators
| FBTC | AMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -96.59% | +43.24% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -27.76% | -25.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.45% | — |
Current DrawdownCurrent decline from peak | -48.20% | -13.31% | -34.89% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -56.54% | +38.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 13.67% | +19.72% |
Volatility
FBTC vs. AMD - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while Advanced Micro Devices, Inc. (AMD) has a volatility of 20.56%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than AMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBTC | AMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 20.56% | -9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 53.32% | -18.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 68.96% | -24.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 56.46% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 57.02% | -7.31% |
Dividends
FBTC vs. AMD - Dividend Comparison
Neither FBTC nor AMD has paid dividends to shareholders.
Frequently Asked Questions
FBTC and AMD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMD has higher volatility (20.56%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs AMD's -96.59%.
AMD currently has the higher Sharpe Ratio (3.23 vs -1.01), 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 AMD
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