FBTC vs. AMZN
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while AMZN (Amazon.com, Inc) is a stock. Over the past year, FBTC returned -44.68% vs 10.55% for AMZN. At a 0.30 correlation, their price movements are largely independent.
Performance
FBTC vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -25.63% return, which is significantly lower than AMZN's 8.31% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
AMZN
- 1D
- 1.12%
- 1M
- 2.29%
- 6M
- 4.55%
- YTD
- 8.31%
- 1Y
- 10.55%
- 3Y*
- 24.35%
- 5Y*
- 6.88%
- 10Y*
- 20.97%
- ALL TIME*
- 29.87%
FBTC vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
AMZN Amazon.com, Inc | 8.31% | 5.21% | 42.71% |
Correlation
The correlation between FBTC and AMZN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.30 |
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Return for Risk
FBTC vs. AMZN — Risk / Return Rank
FBTC
AMZN
FBTC vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Amazon.com, Inc (AMZN). 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 | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.08 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.49 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.34 | 1.07 | -2.41 |
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Drawdowns
FBTC vs. AMZN - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for FBTC and AMZN.
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Drawdown Indicators
| FBTC | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -94.40% | +41.05% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -21.74% | -31.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -48.20% | -9.09% | -39.11% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -28.13% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 9.92% | +23.47% |
Volatility
FBTC vs. AMZN - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 10.58% compared to Amazon.com, Inc (AMZN) at 9.15%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 9.15% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 21.93% | +12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 31.19% | +13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 35.70% | +14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 32.61% | +17.10% |
Dividends
FBTC vs. AMZN - Dividend Comparison
Neither FBTC nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
FBTC and AMZN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (10.58%) compared to AMZN (9.15%). In terms of maximum drawdown, FBTC dropped -53.35% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.34 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.
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