FBTC vs. BTC-USD
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Bitcoin (BTC-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or BTC-USD.
Correlation
The correlation between FBTC and BTC-USD is 0.76, 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.
Performance
FBTC vs. BTC-USD - Performance Comparison
Key characteristics
FBTC:
57.37%
BTC-USD:
44.31%
FBTC:
-27.42%
BTC-USD:
-93.07%
FBTC:
-9.78%
BTC-USD:
-7.90%
Returns By Period
FBTC
N/A
2.01%
49.98%
N/A
N/A
N/A
BTC-USD
131.29%
3.62%
52.51%
122.84%
67.06%
76.43%
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Risk-Adjusted Performance
FBTC vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Bitcoin (BTC-USD). 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.
Drawdowns
FBTC vs. BTC-USD - Drawdown Comparison
The maximum FBTC drawdown since its inception was -27.42%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for FBTC and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
FBTC vs. BTC-USD - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) has a higher volatility of 16.02% compared to Bitcoin (BTC-USD) at 14.07%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.