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FBTC vs. BTCW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FBTC vs. BTCW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Wise Origin Bitcoin Trust (FBTC) and Wisdom Tree Bitcoin Fund (BTCW). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
46.25%
46.11%
FBTC
BTCW

Returns By Period


FBTC

YTD

N/A

1M

45.61%

6M

46.25%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BTCW

YTD

N/A

1M

45.60%

6M

46.11%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


FBTCBTCW
Daily Std Dev57.63%57.56%
Max Drawdown-27.42%-27.46%
Current Drawdown0.00%0.00%

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FBTC vs. BTCW - Expense Ratio Comparison

FBTC has a 0.25% expense ratio, which is lower than BTCW's 0.30% expense ratio.


BTCW
Wisdom Tree Bitcoin Fund
Expense ratio chart for BTCW: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
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%

Correlation

-0.50.00.51.01.0

The correlation between FBTC and BTCW 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.

Risk-Adjusted Performance

FBTC vs. BTCW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Wisdom Tree Bitcoin Fund (BTCW). 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.


Sharpe ratio
No data
FBTC
BTCW

Chart placeholderNot enough data

Dividends

FBTC vs. BTCW - Dividend Comparison

Neither FBTC nor BTCW has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

FBTC vs. BTCW - Drawdown Comparison

The maximum FBTC drawdown since its inception was -27.42%, roughly equal to the maximum BTCW drawdown of -27.46%. Use the drawdown chart below to compare losses from any high point for FBTC and BTCW. For additional features, visit the drawdowns tool.


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

Volatility

FBTC vs. BTCW - Volatility Comparison

Fidelity Wise Origin Bitcoin Trust (FBTC) and Wisdom Tree Bitcoin Fund (BTCW) have volatilities of 17.98% and 17.77%, 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
17.98%
17.77%
FBTC
BTCW