FBTC vs. FDVV
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity High Dividend ETF (FDVV).
FBTC and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FBTC and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FBTC vs. FDVV - Performance Comparison
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FBTC vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | -22.56% | -6.56% | 99.56% |
FDVV Fidelity High Dividend ETF | -1.78% | 17.08% | 21.78% |
Returns By Period
In the year-to-date period, FBTC achieves a -22.56% return, which is significantly lower than FDVV's -1.78% return.
FBTC
- 1D
- 1.97%
- 1M
- 3.29%
- YTD
- -22.56%
- 6M
- -40.86%
- 1Y
- -17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDVV
- 1D
- 2.35%
- 1M
- -5.66%
- YTD
- -1.78%
- 6M
- 0.65%
- 1Y
- 14.82%
- 3Y*
- 16.89%
- 5Y*
- 12.68%
- 10Y*
- —
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FBTC vs. FDVV - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Return for Risk
FBTC vs. FDVV — Risk / Return Rank
FBTC
FDVV
FBTC vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity High Dividend ETF (FDVV). 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 | FDVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.97 | -1.37 |
Sortino ratioReturn per unit of downside risk | -0.29 | 1.41 | -1.71 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.23 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.29 | -1.68 |
Martin ratioReturn relative to average drawdown | -0.84 | 5.68 | -6.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTC | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.97 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.74 | -0.38 |
Correlation
The correlation between FBTC and FDVV is 0.35, 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.
Dividends
FBTC vs. FDVV - Dividend Comparison
FBTC has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 3.00%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.00% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% |
Drawdowns
FBTC vs. FDVV - Drawdown Comparison
The maximum FBTC drawdown since its inception was -49.33%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FBTC and FDVV.
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Drawdown Indicators
| FBTC | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -40.25% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -49.33% | -12.34% | -36.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -46.06% | -7.04% | -39.02% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -3.85% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.05% | 2.81% | +20.24% |
Volatility
FBTC vs. FDVV - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) has a higher volatility of 12.97% compared to Fidelity High Dividend ETF (FDVV) at 4.48%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 4.48% | +8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 36.77% | 7.68% | +29.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.30% | 15.34% | +29.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.21% | 14.74% | +36.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.21% | 17.09% | +34.12% |