FBTC vs. META
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while META (Meta Platforms, Inc.) is a stock. Over the past year, FBTC returned -44.68% vs -8.00% for META. At a 0.24 correlation, their price movements are largely independent.
Performance
FBTC vs. META - 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 META's -1.98% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
META
- 1D
- -0.02%
- 1M
- 11.89%
- 6M
- 4.31%
- YTD
- -1.98%
- 1Y
- -8.00%
- 3Y*
- 30.34%
- 5Y*
- 13.48%
- 10Y*
- 18.34%
- ALL TIME*
- 21.33%
FBTC vs. META - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
META Meta Platforms, Inc. | -1.98% | 13.09% | 58.65% |
Correlation
The correlation between FBTC and META is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.24 |
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Return for Risk
FBTC vs. META — Risk / Return Rank
FBTC
META
FBTC vs. META - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Meta Platforms, Inc. (META). 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 | META | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.00 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.24 | -0.60 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.45 | -0.89 |
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Drawdowns
FBTC vs. META - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for FBTC and META.
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Drawdown Indicators
| FBTC | META | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -76.74% | +23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -33.30% | -20.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.74% | — |
Current DrawdownCurrent decline from peak | -48.20% | -17.98% | -30.22% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -15.88% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 17.63% | +15.76% |
Volatility
FBTC vs. META - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while Meta Platforms, Inc. (META) has a volatility of 14.95%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | META | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 14.95% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 31.08% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 38.77% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 44.59% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 39.00% | +10.71% |
Dividends
FBTC vs. META - Dividend Comparison
FBTC has not paid dividends to shareholders, while META's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.33% | 0.32% | 0.34% |
Frequently Asked Questions
FBTC and META have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
META has higher volatility (14.95%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs META's -76.74%.
META currently has the higher Sharpe Ratio (-0.21 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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