FBTC vs. JNJ
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while JNJ (Johnson & Johnson) is a stock. Over the past year, FBTC returned -40.63% vs 57.60% for JNJ. At a correlation of -0.06, they often move in opposite directions.
Performance
FBTC vs. JNJ - 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 JNJ's 17.68% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
FBTC vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -7.83% |
Correlation
The correlation between FBTC and JNJ is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.06 |
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Return for Risk
FBTC vs. JNJ — Risk / Return Rank
FBTC
JNJ
FBTC vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.35 | ||
| Sortino ratioReturn per unit of downside risk | -6.25 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.61 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 5.28 | -6.06 |
| Martin ratioReturn relative to average drawdown | -1.37 | 15.52 | -16.90 |
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Drawdowns
FBTC vs. JNJ - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, roughly equal to the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for FBTC and JNJ.
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Drawdown Indicators
| FBTC | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -50.67% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -10.96% | -41.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.37% | — |
Current DrawdownCurrent decline from peak | -49.42% | -2.54% | -46.88% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -11.90% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 3.72% | +25.89% |
Volatility
FBTC vs. JNJ - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.97% compared to Johnson & Johnson (JNJ) at 5.47%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 5.47% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 12.16% | +22.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 16.94% | +27.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 16.87% | +33.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 18.48% | +31.65% |
Dividends
FBTC vs. JNJ - Dividend Comparison
FBTC has not paid dividends to shareholders, while JNJ's dividend yield for the trailing twelve months is around 2.18%.
| 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% |
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
Frequently Asked Questions
FBTC and JNJ have a correlation of -0.12, 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 JNJ (5.47%). In terms of maximum drawdown, FBTC dropped -52.07% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 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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