FBTC vs. EZBC
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Franklin Bitcoin ETF (EZBC).
FBTC and EZBC 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. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both FBTC and EZBC 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 EZBC.
Correlation
The correlation between FBTC and EZBC is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBTC vs. EZBC - Performance Comparison
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Key characteristics
FBTC:
1.21
EZBC:
1.22
FBTC:
1.83
EZBC:
1.83
FBTC:
1.22
EZBC:
1.22
FBTC:
2.25
EZBC:
2.25
FBTC:
4.92
EZBC:
4.96
FBTC:
12.87%
EZBC:
12.77%
FBTC:
53.95%
EZBC:
53.83%
FBTC:
-28.21%
EZBC:
-28.23%
FBTC:
-3.44%
EZBC:
-3.38%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FBTC at 10.47% and EZBC at 10.47%.
FBTC
10.47%
29.93%
34.15%
69.88%
N/A
N/A
EZBC
10.47%
29.90%
34.25%
69.89%
N/A
N/A
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FBTC vs. EZBC - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is higher than EZBC's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBTC vs. EZBC — Risk-Adjusted Performance Rank
FBTC
EZBC
FBTC vs. EZBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Franklin Bitcoin ETF (EZBC). 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.
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Dividends
FBTC vs. EZBC - Dividend Comparison
Neither FBTC nor EZBC has paid dividends to shareholders.
Drawdowns
FBTC vs. EZBC - Drawdown Comparison
The maximum FBTC drawdown since its inception was -28.21%, roughly equal to the maximum EZBC drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for FBTC and EZBC. For additional features, visit the drawdowns tool.
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Volatility
FBTC vs. EZBC - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) and Franklin Bitcoin ETF (EZBC) have volatilities of 10.69% and 10.68%, 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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