FBTC vs. BTCFX
FBTC (Fidelity Wise Origin Bitcoin Fund) and BTCFX (Bitcoin ProFund Investor Class) are both Cryptocurrency funds. FBTC is passively managed, while BTCFX is actively managed. Over the past year, FBTC returned -43.65% vs -46.68% for BTCFX. Their 1.00 correlation means they have historically moved very closely together. FBTC charges 0.25%/yr vs 1.18%/yr for BTCFX.
Performance
FBTC vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.08% return, which is significantly higher than BTCFX's -29.55% return.
FBTC
- 1D
- 1.61%
- 1M
- 3.87%
- 6M
- -18.12%
- YTD
- -27.08%
- 1Y
- -43.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.58%
BTCFX
- 1D
- -3.03%
- 1M
- 2.15%
- 6M
- -20.67%
- YTD
- -29.55%
- 1Y
- -46.68%
- 3Y*
- 20.33%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $185.12M | $202.75M | $237.85M |
FBTC vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.08% | -6.56% | 94.28% |
BTCFX Bitcoin ProFund Investor Class | -29.55% | -11.83% | 86.12% |
Correlation
The correlation between FBTC and BTCFX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 1.00 |
The correlation between FBTC and BTCFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FBTC vs. BTCFX — Risk / Return Rank
FBTC
BTCFX
FBTC vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Bitcoin ProFund Investor Class (BTCFX). 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 | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.81 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.89 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.36 | +0.10 |
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Drawdowns
FBTC vs. BTCFX - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum BTCFX drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for FBTC and BTCFX.
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Drawdown Indicators
| FBTC | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -77.89% | +24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -54.81% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.81% | — |
Current DrawdownCurrent decline from peak | -49.21% | -51.69% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -18.22% | -36.42% | +18.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.76% | 35.75% | -0.99% |
Volatility
FBTC vs. BTCFX - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) and Bitcoin ProFund Investor Class (BTCFX) have volatilities of 8.89% and 9.07%, 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 | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 9.07% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 33.75% | 33.83% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.38% | 44.62% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.44% | 54.92% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.44% | 54.92% | -5.48% |
FBTC vs. BTCFX - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than BTCFX's 1.18% expense ratio.
Dividends
FBTC vs. BTCFX - Dividend Comparison
FBTC has not paid dividends to shareholders, while BTCFX's dividend yield for the trailing twelve months is around 24.24%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor Class | 24.24% | 44.62% | 24.28% | 10.95% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, FBTC and BTCFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BTCFX has higher volatility (9.07%) compared to FBTC (8.89%). In terms of maximum drawdown, FBTC dropped -53.35% vs BTCFX's -77.89%.
FBTC currently has the higher Sharpe Ratio (-0.99 vs -1.09), 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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