FBTC vs. LRCX
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while LRCX (Lam Research Corporation) is a stock. Over the past year, FBTC returned -40.63% vs 303.12% for LRCX. At a 0.28 correlation, their price movements are largely independent.
Performance
FBTC vs. LRCX - 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 LRCX's 114.54% return.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LRCX
- 1D
- 1.18%
- 1M
- 24.16%
- YTD
- 114.54%
- 6M
- 128.79%
- 1Y
- 303.12%
- 3Y*
- 81.91%
- 5Y*
- 43.22%
- 10Y*
- 48.23%
FBTC vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
LRCX Lam Research Corporation | 114.54% | 139.16% | -2.67% |
Correlation
The correlation between FBTC and LRCX 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 11, 2024 | 0.28 |
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Return for Risk
FBTC vs. LRCX — Risk / Return Rank
FBTC
LRCX
FBTC vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.71 | ||
| Sortino ratioReturn per unit of downside risk | -6.06 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.63 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 15.26 | -16.05 |
| Martin ratioReturn relative to average drawdown | -1.37 | 51.20 | -52.57 |
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Drawdowns
FBTC vs. LRCX - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum LRCX drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for FBTC and LRCX.
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Drawdown Indicators
| FBTC | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -87.90% | +35.83% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -20.01% | -32.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.39% | — |
Current DrawdownCurrent decline from peak | -49.42% | 0.00% | -49.42% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -28.17% | +11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 5.95% | +23.66% |
Volatility
FBTC vs. LRCX - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.97%, while Lam Research Corporation (LRCX) has a volatility of 21.52%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 21.52% | -9.55% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 43.63% | -9.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 52.78% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 46.57% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 44.92% | +5.21% |
Dividends
FBTC vs. LRCX - Dividend Comparison
FBTC has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.28%.
| 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% |
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Frequently Asked Questions
FBTC and LRCX 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.
LRCX has higher volatility (21.52%) compared to FBTC (11.97%). In terms of maximum drawdown, FBTC dropped -52.07% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (5.79 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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