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

Correlation

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.


-0.50.00.51.01.0

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.

0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
105.97%
144.95%
FBTC
BITX

Key characteristics

Daily Std Dev

FBTC:

57.37%

BITX:

114.49%

Max Drawdown

FBTC:

-27.42%

BITX:

-61.28%

Current Drawdown

FBTC:

-9.78%

BITX:

-20.10%

Returns By Period


FBTC

YTD

N/A

1M

2.01%

6M

49.98%

1Y

N/A

5Y*

N/A

10Y*

N/A

BITX

YTD

186.93%

1M

-1.38%

6M

68.88%

1Y

160.90%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

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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%

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 9.83%.


TTM
FBTC
Fidelity Wise Origin Bitcoin Trust
0.00%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
9.83%

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%JulyAugustSeptemberOctoberNovemberDecember
-9.78%
-20.10%
FBTC
BITX

Volatility

FBTC vs. BITX - Volatility Comparison

The current volatility for Fidelity Wise Origin Bitcoin Trust (FBTC) is 16.14%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 32.85%. 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%JulyAugustSeptemberOctoberNovemberDecember
16.14%
32.85%
FBTC
BITX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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