FBTC vs. AVGO
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while AVGO (Broadcom Inc.) is a stock. Over the past year, FBTC returned -44.68% vs 34.44% for AVGO. At a 0.26 correlation, their price movements are largely independent.
Performance
FBTC vs. AVGO - 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 AVGO's 9.67% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
AVGO
- 1D
- 1.98%
- 1M
- -7.92%
- 6M
- 7.92%
- YTD
- 9.67%
- 1Y
- 34.44%
- 3Y*
- 63.51%
- 5Y*
- 54.04%
- 10Y*
- 40.73%
- ALL TIME*
- 40.58%
FBTC vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
AVGO Broadcom Inc. | 9.67% | 50.63% | 117.44% |
Correlation
The correlation between FBTC and AVGO 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 | 0.26 |
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Return for Risk
FBTC vs. AVGO — Risk / Return Rank
FBTC
AVGO
FBTC vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.16 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.21 | -2.05 |
| Martin ratioReturn relative to average drawdown | -1.34 | 2.49 | -3.83 |
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Drawdowns
FBTC vs. AVGO - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for FBTC and AVGO.
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Drawdown Indicators
| FBTC | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -48.30% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -28.67% | -24.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.30% | — |
Current DrawdownCurrent decline from peak | -48.20% | -21.35% | -26.85% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -8.05% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 13.84% | +19.55% |
Volatility
FBTC vs. AVGO - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while Broadcom Inc. (AVGO) has a volatility of 13.79%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 13.79% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 34.41% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 47.31% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 43.87% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 39.68% | +10.03% |
Dividends
FBTC vs. AVGO - Dividend Comparison
FBTC has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.67% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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 AVGO 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.
AVGO has higher volatility (13.79%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (0.73 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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