FBTC vs. IMMR
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while IMMR (Immersion Corporation) is a stock. Over the past year, FBTC returned -39.41% vs -10.21% for IMMR. At a 0.32 correlation, their price movements are largely independent.
Performance
FBTC vs. IMMR - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly lower than IMMR's 0.39% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMMR
- 1D
- 4.71%
- 1M
- -0.15%
- YTD
- 0.39%
- 6M
- -3.03%
- 1Y
- -10.21%
- 3Y*
- -2.01%
- 5Y*
- -3.62%
- 10Y*
- 1.41%
FBTC vs. IMMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
IMMR Immersion Corporation | 0.39% | -18.30% | 31.80% |
Correlation
The correlation between FBTC and IMMR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.32 |
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Return for Risk
FBTC vs. IMMR — Risk / Return Rank
FBTC
IMMR
FBTC vs. IMMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Immersion Corporation (IMMR). 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 | IMMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.99 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.33 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.61 | -0.75 |
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 | IMMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.26 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.04 | +0.31 |
Drawdowns
FBTC vs. IMMR - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum IMMR drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for FBTC and IMMR.
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Drawdown Indicators
| FBTC | IMMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -98.66% | +46.59% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -30.86% | -21.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.29% | — |
Current DrawdownCurrent decline from peak | -49.59% | -89.65% | +40.06% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -88.21% | +72.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 16.77% | +12.16% |
Volatility
FBTC vs. IMMR - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.77%, while Immersion Corporation (IMMR) has a volatility of 12.61%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than IMMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | IMMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 12.61% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 27.21% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 39.79% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 45.83% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 51.32% | -1.06% |
Dividends
FBTC vs. IMMR - Dividend Comparison
FBTC has not paid dividends to shareholders, while IMMR's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% |
IMMR Immersion Corporation | 3.60% | 5.59% | 2.06% | 3.12% |
Frequently Asked Questions
FBTC and IMMR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMMR has higher volatility (12.61%) compared to FBTC (11.77%). In terms of maximum drawdown, FBTC dropped -52.07% vs IMMR's -98.66%.
IMMR currently has the higher Sharpe Ratio (-0.26 vs -0.90), 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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