FBTC vs. PLTR
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while PLTR (Palantir Technologies Inc.) is a stock. Over the past year, FBTC returned -40.63% vs -5.33% for PLTR. At a 0.32 correlation, their price movements are largely independent.
Performance
FBTC vs. PLTR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FBTC having a -27.39% return and PLTR slightly lower at -27.99%.
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
FBTC vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 350.45% |
Correlation
The correlation between FBTC and PLTR is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.32 |
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Return for Risk
FBTC vs. PLTR — Risk / Return Rank
FBTC
PLTR
FBTC vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.03 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.14 | -0.64 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.25 | -1.12 |
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Drawdowns
FBTC vs. PLTR - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for FBTC and PLTR.
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Drawdown Indicators
| FBTC | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -84.62% | +32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -38.22% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -49.42% | -38.22% | -11.20% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -40.27% | +23.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.61% | 21.23% | +8.38% |
Volatility
FBTC vs. PLTR - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.97%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.16%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 17.16% | -5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 34.39% | 38.32% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 50.83% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.13% | 65.44% | -15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.13% | 69.75% | -19.62% |
Dividends
FBTC vs. PLTR - Dividend Comparison
Neither FBTC nor PLTR has paid dividends to shareholders.
Frequently Asked Questions
FBTC and PLTR have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to FBTC (11.97%). In terms of maximum drawdown, FBTC dropped -52.07% vs PLTR's -84.62%.
PLTR currently has the higher Sharpe Ratio (-0.11 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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