FBTC vs. FBCG
FBTC (Fidelity Wise Origin Bitcoin Fund) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. FBTC is passively managed, while FBCG is actively managed. Over the past year, FBTC returned -43.65% vs 24.47% for FBCG. Their 0.40 correlation means their historical movements had little consistent relationship. FBTC charges 0.25%/yr vs 0.59%/yr for FBCG.
Performance
FBTC vs. FBCG - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.08% return, which is significantly lower than FBCG's 11.42% return.
FBTC
- 1D
- 1.61%
- 1M
- 3.87%
- 6M
- -18.12%
- YTD
- -27.08%
- 1Y
- -43.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.58%
FBCG
- 1D
- 2.21%
- 1M
- 0.02%
- 6M
- 11.39%
- YTD
- 11.42%
- 1Y
- 24.47%
- 3Y*
- 26.40%
- 5Y*
- 13.15%
- 10Y*
- —
- ALL TIME*
- 19.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.99M | $34.97M | $38.44M | |
| $185.12M | $202.75M | $237.85M |
FBTC vs. FBCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.08% | -6.56% | 94.28% |
FBCG Fidelity Blue Chip Growth ETF | 11.42% | 18.60% | 37.85% |
Correlation
The correlation between FBTC and FBCG is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.40 |
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Return for Risk
FBTC vs. FBCG — Risk / Return Rank
FBTC
FBCG
FBTC vs. FBCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Blue Chip Growth ETF (FBCG). 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 | FBCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.21 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.62 | -2.44 |
| Martin ratioReturn relative to average drawdown | -1.26 | 5.52 | -6.77 |
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Drawdowns
FBTC vs. FBCG - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, which is greater than FBCG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FBTC and FBCG.
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Drawdown Indicators
| FBTC | FBCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -43.56% | -9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -15.17% | -38.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.56% | — |
Current DrawdownCurrent decline from peak | -49.21% | -4.62% | -44.59% |
Average DrawdownAverage peak-to-trough decline | -18.22% | -11.31% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.76% | 4.45% | +30.31% |
Volatility
FBTC vs. FBCG - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 8.89% compared to Fidelity Blue Chip Growth ETF (FBCG) at 6.68%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | FBCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 6.68% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 33.75% | 16.57% | +17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.38% | 20.68% | +23.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.44% | 26.11% | +23.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.44% | 25.74% | +23.70% |
FBTC vs. FBCG - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than FBCG's 0.59% expense ratio.
Dividends
FBTC vs. FBCG - Dividend Comparison
FBTC has not paid dividends to shareholders, while FBCG's dividend yield for the trailing twelve months is around 0.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FBCG Fidelity Blue Chip Growth ETF | 0.04% | 0.05% | 0.12% | 0.02% | 0.00% | 0.00% | 0.01% |
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBTC and FBCG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (8.89%) compared to FBCG (6.68%). In terms of maximum drawdown, FBTC dropped -53.35% vs FBCG's -43.56%.
On 1-year performance, FBCG leads with 24.47% vs -43.65% for FBTC. On fees, FBTC is cheaper at 0.25% per year. On volatility, FBCG has been the lower-risk option at 6.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FBCG has performed better with a 24.47% return vs -43.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBTC is cheaper with a 0.25% expense ratio, compared with 0.59% for FBCG.
FBCG has the higher dividend yield at 0.04%, compared with 0.00% for FBTC.
FBTC is categorized as Cryptocurrency, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.25% for FBTC and 0.59% for FBCG.
FBCG currently has the higher Sharpe Ratio (1.19 vs -0.99), 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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