FBTC vs. ASML
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while ASML (ASML Holding N.V.) is a stock. Over the past year, FBTC returned -44.68% vs 138.60% for ASML. At a 0.27 correlation, their price movements are largely independent.
Performance
FBTC vs. ASML - 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 ASML's 63.12% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
ASML
- 1D
- -0.49%
- 1M
- -9.88%
- 6M
- 28.45%
- YTD
- 63.12%
- 1Y
- 138.60%
- 3Y*
- 37.24%
- 5Y*
- 20.47%
- 10Y*
- 33.59%
- ALL TIME*
- 27.03%
FBTC vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
ASML ASML Holding N.V. | 63.12% | 56.51% | -2.67% |
Correlation
The correlation between FBTC and ASML is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.27 |
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Return for Risk
FBTC vs. ASML — Risk / Return Rank
FBTC
ASML
FBTC vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and ASML Holding N.V. (ASML). 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 | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.97 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.42 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 7.81 | -8.65 |
| Martin ratioReturn relative to average drawdown | -1.34 | 24.29 | -25.63 |
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Drawdowns
FBTC vs. ASML - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum ASML drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for FBTC and ASML.
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Drawdown Indicators
| FBTC | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -90.00% | +36.65% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -17.85% | -35.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.84% | — |
Current DrawdownCurrent decline from peak | -48.20% | -12.59% | -35.61% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -28.06% | +10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 5.75% | +27.64% |
Volatility
FBTC vs. ASML - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while ASML Holding N.V. (ASML) has a volatility of 17.75%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 17.75% | -7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 36.22% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 45.08% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 43.09% | +6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 39.00% | +10.71% |
Dividends
FBTC vs. ASML - Dividend Comparison
FBTC has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.51% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
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 ASML have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASML has higher volatility (17.75%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs ASML's -90.00%.
ASML currently has the higher Sharpe Ratio (3.10 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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