FBTC vs. ARQQ
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while ARQQ (Arqit Quantum Inc.) is a stock. Over the past year, FBTC returned -40.63% vs -49.10% for ARQQ. At a 0.31 correlation, their price movements are largely independent.
Performance
FBTC vs. ARQQ - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.39% return, which is significantly higher than ARQQ's -37.84% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARQQ
- 1D
- -0.66%
- 1M
- -1.66%
- YTD
- -37.84%
- 6M
- -52.03%
- 1Y
- -49.10%
- 3Y*
- -28.53%
- 5Y*
- —
- 10Y*
- —
FBTC vs. ARQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
ARQQ Arqit Quantum Inc. | -37.84% | -43.67% | 234.83% |
Correlation
The correlation between FBTC and ARQQ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
The correlation between FBTC and ARQQ shifts across timeframes, from 0.31 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBTC vs. ARQQ — Risk / Return Rank
FBTC
ARQQ
FBTC vs. ARQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Arqit Quantum Inc. (ARQQ). 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 | ARQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.98 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.62 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.91 | -0.46 |
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Drawdowns
FBTC vs. ARQQ - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum ARQQ drawdown of -99.60%. Use the drawdown chart below to compare losses from any high point for FBTC and ARQQ.
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Drawdown Indicators
| FBTC | ARQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -99.60% | +47.53% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -79.78% | +27.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -89.76% | — |
Current DrawdownCurrent decline from peak | -49.42% | -98.57% | +49.15% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -88.78% | +72.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 53.78% | -24.17% |
Volatility
FBTC vs. ARQQ - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.97%, while Arqit Quantum Inc. (ARQQ) has a volatility of 35.65%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than ARQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | ARQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 35.65% | -23.68% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 64.49% | -30.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 104.65% | -60.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 134.12% | -83.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 134.12% | -83.99% |
Dividends
FBTC vs. ARQQ - Dividend Comparison
Neither FBTC nor ARQQ has paid dividends to shareholders.
Frequently Asked Questions
FBTC and ARQQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARQQ has higher volatility (35.65%) compared to FBTC (11.97%). In terms of maximum drawdown, FBTC dropped -52.07% vs ARQQ's -99.60%.
ARQQ currently has the higher Sharpe Ratio (-0.47 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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