FBTC vs. LX
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while LX (LexinFintech Holdings Ltd.) is a stock. Over the past year, FBTC returned -39.41% vs -68.23% for LX. At a 0.23 correlation, their price movements are largely independent.
Performance
FBTC vs. LX - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly higher than LX's -31.09% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LX
- 1D
- 0.00%
- 1M
- -0.96%
- YTD
- -31.09%
- 6M
- -31.51%
- 1Y
- -68.23%
- 3Y*
- 4.91%
- 5Y*
- -25.63%
- 10Y*
- —
FBTC vs. LX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
LX LexinFintech Holdings Ltd. | -31.09% | -40.97% | 193.21% |
Correlation
The correlation between FBTC and LX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.23 |
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Return for Risk
FBTC vs. LX — Risk / Return Rank
FBTC
LX
FBTC vs. LX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and LexinFintech Holdings Ltd. (LX). 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 | LX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.76 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.95 | +0.19 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.38 | +0.01 |
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 | LX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -1.07 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.04 | +0.23 |
Drawdowns
FBTC vs. LX - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum LX drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for FBTC and LX.
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Drawdown Indicators
| FBTC | LX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -93.19% | +41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -72.18% | +20.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -81.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.23% | — |
Current DrawdownCurrent decline from peak | -49.59% | -85.24% | +35.65% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -63.32% | +47.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 49.57% | -20.64% |
Volatility
FBTC vs. LX - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.77%, while LexinFintech Holdings Ltd. (LX) has a volatility of 22.74%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than LX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | LX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 22.74% | -10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 36.53% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 63.97% | -19.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 73.71% | -23.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 323.46% | -273.20% |
Dividends
FBTC vs. LX - Dividend Comparison
FBTC has not paid dividends to shareholders, while LX's dividend yield for the trailing twelve months is around 18.45%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% |
LX LexinFintech Holdings Ltd. | 18.45% | 9.30% | 2.38% | 11.85% |
Frequently Asked Questions
FBTC and LX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (22.74%) compared to FBTC (11.77%). In terms of maximum drawdown, FBTC dropped -52.07% vs LX's -93.19%.
FBTC currently has the higher Sharpe Ratio (-0.90 vs -1.07), 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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