FBTC vs. GWW
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while GWW (W.W. Grainger, Inc.) is a stock. Over the past year, FBTC returned -40.63% vs 22.72% for GWW. At a 0.15 correlation, their price movements are largely independent.
Performance
FBTC vs. GWW - 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 GWW's 30.92% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GWW
- 1D
- 0.15%
- 1M
- 5.03%
- YTD
- 30.92%
- 6M
- 29.19%
- 1Y
- 22.72%
- 3Y*
- 22.36%
- 5Y*
- 24.71%
- 10Y*
- 21.41%
FBTC vs. GWW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
GWW W.W. Grainger, Inc. | 30.92% | -3.41% | 27.88% |
Correlation
The correlation between FBTC and GWW is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
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Return for Risk
FBTC vs. GWW — Risk / Return Rank
FBTC
GWW
FBTC vs. GWW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and W.W. Grainger, Inc. (GWW). 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 | GWW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.19 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.64 | -2.42 |
| Martin ratioReturn relative to average drawdown | -1.37 | 3.20 | -4.58 |
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Drawdowns
FBTC vs. GWW - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum GWW drawdown of -56.73%. Use the drawdown chart below to compare losses from any high point for FBTC and GWW.
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Drawdown Indicators
| FBTC | GWW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -56.73% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -13.92% | -38.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.60% | — |
Current DrawdownCurrent decline from peak | -49.42% | -1.05% | -48.37% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -11.01% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 7.61% | +22.00% |
Volatility
FBTC vs. GWW - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to W.W. Grainger, Inc. (GWW) at 4.85%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than GWW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | GWW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 4.85% | +7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 17.85% | +16.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 24.78% | +19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 24.68% | +25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 28.52% | +21.61% |
Dividends
FBTC vs. GWW - Dividend Comparison
FBTC has not paid dividends to shareholders, while GWW's dividend yield for the trailing twelve months is around 0.70%.
| 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% |
GWW W.W. Grainger, Inc. | 0.70% | 0.88% | 0.76% | 0.88% | 1.22% | 1.23% | 1.45% | 1.68% | 1.90% | 2.14% | 2.08% | 2.27% |
Frequently Asked Questions
FBTC and GWW have a correlation of 0.13, 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 GWW (4.85%). In terms of maximum drawdown, FBTC dropped -52.07% vs GWW's -56.73%.
GWW currently has the higher Sharpe Ratio (0.92 vs -0.93), 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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