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:
0.37
BTC-USD:
0.60
FBTC:
0.92
BTC-USD:
1.22
FBTC:
1.11
BTC-USD:
1.12
FBTC:
0.74
BTC-USD:
0.39
FBTC:
1.64
BTC-USD:
2.90
FBTC:
12.37%
BTC-USD:
10.86%
FBTC:
54.46%
BTC-USD:
42.47%
FBTC:
-27.42%
BTC-USD:
-93.07%
FBTC:
-21.65%
BTC-USD:
-22.43%
Returns By Period
In the year-to-date period, FBTC achieves a -10.37% return, which is significantly higher than BTC-USD's -11.87% return.
FBTC
-10.37%
-0.52%
27.32%
17.82%
N/A
N/A
BTC-USD
-11.87%
-2.42%
25.44%
18.22%
66.48%
78.34%
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 16.33%, while Bitcoin (BTC-USD) has a volatility of 19.66%. 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.