FBTC vs. FTEC
FBTC (Fidelity Wise Origin Bitcoin Fund) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past year, FBTC returned -43.65% vs 37.50% for FTEC. Their 0.39 correlation means their historical movements had little consistent relationship. FBTC charges 0.25%/yr vs 0.08%/yr for FTEC.
Performance
FBTC vs. FTEC - 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 FTEC's 22.53% return.
FBTC
- 1D
- 1.61%
- 1M
- 3.87%
- 6M
- -18.12%
- YTD
- -27.08%
- 1Y
- -43.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.58%
FTEC
- 1D
- 1.71%
- 1M
- 0.31%
- 6M
- 22.49%
- YTD
- 22.53%
- 1Y
- 37.50%
- 3Y*
- 29.49%
- 5Y*
- 18.32%
- 10Y*
- 23.79%
- ALL TIME*
- 21.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.12M | $202.75M | $237.85M | |
| $86.23M | $78.73M | $94.95M |
FBTC vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.08% | -6.56% | 94.28% |
FTEC Fidelity MSCI Information Technology Index ETF | 22.53% | 22.11% | 30.81% |
Correlation
The correlation between FBTC and FTEC is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
FBTC vs. FTEC — Risk / Return Rank
FBTC
FTEC
FBTC vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.32 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.26 | 6.23 | -7.48 |
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Drawdowns
FBTC vs. FTEC - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FBTC and FTEC.
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Drawdown Indicators
| FBTC | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -34.95% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -16.26% | -37.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -49.21% | -8.48% | -40.73% |
Average DrawdownAverage peak-to-trough decline | -18.22% | -5.59% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.76% | 6.04% | +28.72% |
Volatility
FBTC vs. FTEC - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 8.89% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.41%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 8.41% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 33.75% | 20.16% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.38% | 24.30% | +20.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.44% | 25.89% | +23.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.44% | 24.99% | +24.45% |
FBTC vs. FTEC - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is higher than FTEC's 0.08% 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%.
Dividends
FBTC vs. FTEC - Dividend Comparison
FBTC has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.36% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
FBTC and FTEC have a correlation of 0.48, 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 FTEC (8.41%). In terms of maximum drawdown, FBTC dropped -53.35% vs FTEC's -34.95%.
On 1-year performance, FTEC leads with 37.50% vs -43.65% for FBTC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 8.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 37.50% return vs -43.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for FBTC.
FTEC has the higher dividend yield at 0.36%, compared with 0.00% for FBTC.
FBTC is categorized as Cryptocurrency, while FTEC is Technology Equities. FBTC tracks Fidelity Bitcoin Reference Rate, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. Their fees differ too: 0.25% for FBTC and 0.08% for FTEC.
FTEC currently has the higher Sharpe Ratio (1.55 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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