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 -40.63% vs 11.87% for AMZN. At a 0.29 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 -27.39% return, which is significantly lower than AMZN's 3.35% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -1.23%
- 1M
- -11.69%
- YTD
- 3.35%
- 6M
- 5.46%
- 1Y
- 11.87%
- 3Y*
- 23.49%
- 5Y*
- 7.35%
- 10Y*
- 20.83%
FBTC vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
AMZN Amazon.com, Inc | 3.35% | 5.21% | 42.71% |
Correlation
The correlation between FBTC and AMZN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
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 | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.09 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.55 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.37 | 1.29 | -2.67 |
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Drawdowns
FBTC vs. AMZN - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, 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 | -52.07% | -94.40% | +42.33% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -21.74% | -30.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -49.42% | -13.25% | -36.17% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -28.19% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 9.21% | +20.40% |
Volatility
FBTC vs. AMZN - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to Amazon.com, Inc (AMZN) at 7.92%. 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 | 11.97% | 7.92% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 20.73% | +13.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 30.13% | +13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 35.53% | +14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 32.48% | +17.65% |
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 0.32, 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 AMZN (7.92%). In terms of maximum drawdown, FBTC dropped -52.07% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.40 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.
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