FBTC vs. BTCO
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Invesco Galaxy Bitcoin ETF (BTCO).
FBTC and BTCO 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. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. Both FBTC and BTCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or BTCO.
Correlation
The correlation between FBTC and BTCO is 1.00, 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. BTCO - Performance Comparison
Key characteristics
FBTC:
1.45
BTCO:
1.47
FBTC:
2.14
BTCO:
2.16
FBTC:
1.25
BTCO:
1.25
FBTC:
2.99
BTCO:
3.00
FBTC:
6.74
BTCO:
6.79
FBTC:
12.15%
BTCO:
12.10%
FBTC:
56.40%
BTCO:
55.92%
FBTC:
-27.42%
BTCO:
-27.35%
FBTC:
-11.27%
BTCO:
-11.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FBTC at 1.51% and BTCO at 1.51%.
FBTC
1.51%
-9.17%
48.59%
81.76%
N/A
N/A
BTCO
1.51%
-9.13%
48.79%
82.01%
N/A
N/A
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FBTC vs. BTCO - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than BTCO's 0.39% expense ratio.
Risk-Adjusted Performance
FBTC vs. BTCO — Risk-Adjusted Performance Rank
FBTC
BTCO
FBTC vs. BTCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
Dividends
FBTC vs. BTCO - Dividend Comparison
Neither FBTC nor BTCO has paid dividends to shareholders.
Drawdowns
FBTC vs. BTCO - Drawdown Comparison
The maximum FBTC drawdown since its inception was -27.42%, roughly equal to the maximum BTCO drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for FBTC and BTCO. For additional features, visit the drawdowns tool.
Volatility
FBTC vs. BTCO - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 9.88% and 9.78%, 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.