FBTC vs. BTCC.TO
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO).
FBTC and BTCC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BTCC.TO is an actively managed fund by Purpose Investments. It was launched on Nov 9, 2021.
Performance
FBTC vs. BTCC.TO - Performance Comparison
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FBTC vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | -22.56% | -6.56% | 99.56% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -24.50% | -4.83% | 84.12% |
Different Trading Currencies
FBTC is traded in USD, while BTCC.TO is traded in CAD. To make them comparable, the BTCC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FBTC achieves a -22.56% return, which is significantly higher than BTCC.TO's -24.50% return.
FBTC
- 1D
- 1.97%
- 1M
- 3.29%
- YTD
- -22.56%
- 6M
- -40.86%
- 1Y
- -17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCC.TO
- 1D
- 2.14%
- 1M
- 1.04%
- YTD
- -24.50%
- 6M
- -41.84%
- 1Y
- -18.01%
- 3Y*
- 28.52%
- 5Y*
- -2.47%
- 10Y*
- —
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FBTC vs. BTCC.TO - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than BTCC.TO's 1.00% expense ratio.
Return for Risk
FBTC vs. BTCC.TO — Risk / Return Rank
FBTC
BTCC.TO
FBTC vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO). 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.
| FBTC | BTCC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.39 | 0.00 |
Sortino ratioReturn per unit of downside risk | -0.29 | -0.28 | -0.01 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.40 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.84 | -0.85 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTC | BTCC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.39 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.03 | +0.33 |
Correlation
The correlation between FBTC and BTCC.TO is 0.95, 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.
Dividends
FBTC vs. BTCC.TO - Dividend Comparison
Neither FBTC nor BTCC.TO has paid dividends to shareholders.
Drawdowns
FBTC vs. BTCC.TO - Drawdown Comparison
The maximum FBTC drawdown since its inception was -49.33%, smaller than the maximum BTCC.TO drawdown of -79.48%. Use the drawdown chart below to compare losses from any high point for FBTC and BTCC.TO.
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Drawdown Indicators
| FBTC | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -77.80% | +28.47% |
Max Drawdown (1Y)Largest decline over 1 year | -49.33% | -50.04% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.80% | — |
Current DrawdownCurrent decline from peak | -46.06% | -47.05% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -34.40% | +20.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.05% | 23.49% | -0.44% |
Volatility
FBTC vs. BTCC.TO - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) have volatilities of 12.97% and 13.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 13.08% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.77% | 37.33% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.30% | 45.92% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.21% | 59.02% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.21% | 59.44% | -8.23% |