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FBTC vs. BITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FBTC vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Wise Origin Bitcoin Trust (FBTC) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
41.78%
53.54%
FBTC
BITX

Returns By Period


FBTC

YTD

N/A

1M

45.61%

6M

46.25%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BITX

YTD

213.84%

1M

102.51%

6M

62.80%

1Y

259.67%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


FBTCBITX
Daily Std Dev57.63%114.29%
Max Drawdown-27.42%-61.28%
Current Drawdown0.00%0.00%

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FBTC vs. BITX - Expense Ratio Comparison

FBTC has a 0.25% expense ratio, which is lower than BITX's 1.85% expense ratio.


BITX
Volatility Shares 2x Bitcoin Strategy ETF
Expense ratio chart for BITX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
Expense ratio chart for FBTC: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.01.0

The correlation between FBTC and BITX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

FBTC vs. BITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.


Sharpe ratio
No data
FBTC
BITX

Chart placeholderNot enough data

Dividends

FBTC vs. BITX - Dividend Comparison

FBTC has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 6.93%.


TTM
FBTC
Fidelity Wise Origin Bitcoin Trust
0.00%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
6.93%

Drawdowns

FBTC vs. BITX - Drawdown Comparison

The maximum FBTC drawdown since its inception was -27.42%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for FBTC and BITX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
FBTC
BITX

Volatility

FBTC vs. BITX - Volatility Comparison

The current volatility for Fidelity Wise Origin Bitcoin Trust (FBTC) is 17.98%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 35.01%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
17.98%
35.01%
FBTC
BITX