FBTC vs. KULR
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while KULR (KULR Technology Group, Inc.) is a stock. Over the past year, FBTC returned -44.68% vs -60.00% for KULR. At a 0.31 correlation, their price movements are largely independent.
Performance
FBTC vs. KULR - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -25.63% return, which is significantly lower than KULR's -6.76% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
KULR
- 1D
- 4.94%
- 1M
- -30.30%
- 6M
- -33.97%
- YTD
- -6.76%
- 1Y
- -60.00%
- 3Y*
- -29.83%
- 5Y*
- -30.52%
- 10Y*
- —
- ALL TIME*
- -13.48%
FBTC vs. KULR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
KULR KULR Technology Group, Inc. | -6.76% | -89.58% | 1,897.75% |
Correlation
The correlation between FBTC and KULR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
Over the past year, FBTC and KULR have become more correlated (0.51) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
FBTC vs. KULR — Risk / Return Rank
FBTC
KULR
FBTC vs. KULR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and KULR Technology Group, Inc. (KULR). 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 | KULR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.93 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.22 | -0.12 |
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Drawdowns
FBTC vs. KULR - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum KULR drawdown of -97.23%. Use the drawdown chart below to compare losses from any high point for FBTC and KULR.
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Drawdown Indicators
| FBTC | KULR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -97.23% | +43.88% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -71.06% | +17.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.86% | — |
Current DrawdownCurrent decline from peak | -48.20% | -92.81% | +44.61% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -66.54% | +48.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 49.07% | -15.68% |
Volatility
FBTC vs. KULR - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while KULR Technology Group, Inc. (KULR) has a volatility of 27.42%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than KULR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | KULR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 27.42% | -16.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 75.15% | -40.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 98.43% | -54.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 126.48% | -76.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 126.74% | -77.03% |
Dividends
FBTC vs. KULR - Dividend Comparison
Neither FBTC nor KULR has paid dividends to shareholders.
Frequently Asked Questions
FBTC and KULR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KULR has higher volatility (27.42%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs KULR's -97.23%.
KULR currently has the higher Sharpe Ratio (-0.61 vs -1.01), 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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