FBTC vs. BYDDY
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while BYDDY (BYD Company Limited ADR) is a stock. Over the past year, FBTC returned -40.63% vs -36.06% for BYDDY. At a 0.19 correlation, their price movements are largely independent.
Performance
FBTC vs. BYDDY - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.39% return, which is significantly lower than BYDDY's -8.48% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYDDY
- 1D
- 0.66%
- 1M
- -13.95%
- YTD
- -8.48%
- 6M
- -10.33%
- 1Y
- -36.06%
- 3Y*
- 1.04%
- 5Y*
- 4.37%
- 10Y*
- 20.45%
FBTC vs. BYDDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
BYDDY BYD Company Limited ADR | -8.48% | 7.97% | 31.34% |
Correlation
The correlation between FBTC and BYDDY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.19 |
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Return for Risk
FBTC vs. BYDDY — Risk / Return Rank
FBTC
BYDDY
FBTC vs. BYDDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and BYD Company Limited ADR (BYDDY). 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 | BYDDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.84 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -1.03 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.59 | +0.22 |
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Drawdowns
FBTC vs. BYDDY - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum BYDDY drawdown of -97.38%. Use the drawdown chart below to compare losses from any high point for FBTC and BYDDY.
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Drawdown Indicators
| FBTC | BYDDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -97.38% | +45.31% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -35.21% | -16.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.18% | — |
Current DrawdownCurrent decline from peak | -49.42% | -43.25% | -6.17% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -63.73% | +47.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 24.19% | +5.42% |
Volatility
FBTC vs. BYDDY - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to BYD Company Limited ADR (BYDDY) at 8.66%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than BYDDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | BYDDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 8.66% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 28.41% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 37.02% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 45.80% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 47.24% | +2.89% |
Dividends
FBTC vs. BYDDY - Dividend Comparison
FBTC has not paid dividends to shareholders, while BYDDY's dividend yield for the trailing twelve months is around 0.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BYDDY BYD Company Limited ADR | 0.48% | 1.45% | 1.26% | 0.60% | 0.07% | 0.07% | 0.03% | 0.47% | 0.28% | 0.52% | 1.92% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBTC and BYDDY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to BYDDY (8.66%). In terms of maximum drawdown, FBTC dropped -52.07% vs BYDDY's -97.38%.
FBTC currently has the higher Sharpe Ratio (-0.93 vs -0.98), 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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