Correlation
The correlation between FBTC and BITB is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FBTC vs. BITB
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Bitwise Bitcoin ETF (BITB).
FBTC and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both FBTC and BITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or BITB.
Performance
FBTC vs. BITB - Performance Comparison
Loading data...
Key characteristics
FBTC:
0.99
BITB:
0.99
FBTC:
1.63
BITB:
1.63
FBTC:
1.19
BITB:
1.19
FBTC:
1.87
BITB:
1.87
FBTC:
4.09
BITB:
4.08
FBTC:
12.88%
BITB:
12.88%
FBTC:
52.94%
BITB:
52.70%
FBTC:
-28.21%
BITB:
-28.19%
FBTC:
-5.85%
BITB:
-5.92%
Returns By Period
The year-to-date returns for both stocks are quite close, with FBTC having a 12.01% return and BITB slightly lower at 11.96%.
FBTC
12.01%
11.19%
7.62%
51.92%
N/A
N/A
N/A
BITB
11.96%
11.13%
7.56%
51.93%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBTC vs. BITB - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is higher than BITB's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBTC vs. BITB — Risk-Adjusted Performance Rank
FBTC
BITB
FBTC vs. BITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Bitwise Bitcoin ETF (BITB). 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.
Loading data...
Dividends
FBTC vs. BITB - Dividend Comparison
Neither FBTC nor BITB has paid dividends to shareholders.
Drawdowns
FBTC vs. BITB - Drawdown Comparison
The maximum FBTC drawdown since its inception was -28.21%, roughly equal to the maximum BITB drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for FBTC and BITB.
Loading data...
Volatility
FBTC vs. BITB - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) and Bitwise Bitcoin ETF (BITB) have volatilities of 9.32% and 9.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...