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 0.75, 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:
0.63
BTC-USD:
1.02
FBTC:
1.27
BTC-USD:
1.69
FBTC:
1.14
BTC-USD:
1.17
FBTC:
1.28
BTC-USD:
0.81
FBTC:
2.87
BTC-USD:
5.09
FBTC:
12.19%
BTC-USD:
10.48%
FBTC:
55.48%
BTC-USD:
42.50%
FBTC:
-27.42%
BTC-USD:
-93.07%
FBTC:
-17.50%
BTC-USD:
-17.59%
Returns By Period
In the year-to-date period, FBTC achieves a -5.61% return, which is significantly higher than BTC-USD's -6.38% return.
FBTC
-5.61%
-7.02%
36.86%
23.79%
N/A
N/A
BTC-USD
-6.38%
-9.14%
36.03%
25.03%
67.09%
79.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
FBTC vs. BTC-USD — Risk-Adjusted Performance Rank
FBTC
BTC-USD
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
The current volatility for Fidelity Wise Origin Bitcoin Trust (FBTC) is 17.69%, while Bitcoin (BTC-USD) has a volatility of 20.76%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.