FBTC vs. BRK-B
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past year, FBTC returned -40.63% vs -0.22% for BRK-B. At a 0.06 correlation, their price movements are largely independent.
Performance
FBTC vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.39% return, which is significantly lower than BRK-B's -2.67% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B
- 1D
- 0.71%
- 1M
- 0.77%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- -0.22%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
FBTC vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 23.20% |
Correlation
The correlation between FBTC and BRK-B is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.06 |
The correlation between FBTC and BRK-B shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBTC vs. BRK-B — Risk / Return Rank
FBTC
BRK-B
FBTC vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Berkshire Hathaway Inc. (BRK-B). 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 | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.01 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.02 | -0.76 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.05 | -1.32 |
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Drawdowns
FBTC vs. BRK-B - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FBTC and BRK-B.
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Drawdown Indicators
| FBTC | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -53.86% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -9.42% | -42.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -49.42% | -9.36% | -40.06% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -11.07% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 4.53% | +25.08% |
Volatility
FBTC vs. BRK-B - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 3.95% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 10.78% | +23.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 14.38% | +29.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 17.12% | +33.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 19.44% | +30.69% |
Dividends
FBTC vs. BRK-B - Dividend Comparison
Neither FBTC nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
FBTC and BRK-B have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to BRK-B (3.95%). In terms of maximum drawdown, FBTC dropped -52.07% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (-0.02 vs -0.93), 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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