PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FBTC vs. BTCO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FBTCBTCO
Daily Std Dev57.99%57.55%
Max Drawdown-27.42%-27.35%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.01.0

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

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
35.67%
35.70%
FBTC
BTCO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBTC vs. BTCO - Expense Ratio Comparison

FBTC has a 0.25% expense ratio, which is lower than BTCO's 0.39% expense ratio.


BTCO
Invesco Galaxy Bitcoin ETF
Expense ratio chart for BTCO: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%
Expense ratio chart for FBTC: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

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.


FBTC
Sharpe ratio
No data

FBTC vs. BTCO - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

FBTC vs. BTCO - Dividend Comparison

Neither FBTC nor BTCO has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
FBTC
BTCO

Volatility

FBTC vs. BTCO - Volatility Comparison

Fidelity Wise Origin Bitcoin Trust (FBTC) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 17.91% and 17.72%, 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
17.91%
17.72%
FBTC
BTCO