FBTC vs. SHIP
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while SHIP (Seanergy Maritime Holdings Corp.) is a stock. Over the past year, FBTC returned -44.68% vs 122.81% for SHIP. At a 0.16 correlation, their price movements are largely independent.
Performance
FBTC vs. SHIP - 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 SHIP's 60.95% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
SHIP
- 1D
- 2.86%
- 1M
- -0.09%
- 6M
- 58.55%
- YTD
- 60.95%
- 1Y
- 122.81%
- 3Y*
- 47.82%
- 5Y*
- 14.11%
- 10Y*
- -45.38%
- ALL TIME*
- -36.92%
FBTC vs. SHIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
SHIP Seanergy Maritime Holdings Corp. | 60.95% | 38.48% | 2.19% |
Correlation
The correlation between FBTC and SHIP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.16 |
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Return for Risk
FBTC vs. SHIP — Risk / Return Rank
FBTC
SHIP
FBTC vs. SHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Seanergy Maritime Holdings Corp. (SHIP). 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 | SHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -4.98 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.42 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 6.54 | -7.38 |
| Martin ratioReturn relative to average drawdown | -1.34 | 14.69 | -16.03 |
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Drawdowns
FBTC vs. SHIP - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum SHIP drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FBTC and SHIP.
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Drawdown Indicators
| FBTC | SHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -100.00% | +46.65% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -18.88% | -34.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -48.20% | -99.98% | +51.78% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -86.63% | +68.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 8.39% | +25.00% |
Volatility
FBTC vs. SHIP - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while Seanergy Maritime Holdings Corp. (SHIP) has a volatility of 13.53%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than SHIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | SHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 13.53% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 36.01% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 43.44% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 51.56% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 97.94% | -48.23% |
Dividends
FBTC vs. SHIP - Dividend Comparison
FBTC has not paid dividends to shareholders, while SHIP's dividend yield for the trailing twelve months is around 4.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHIP Seanergy Maritime Holdings Corp. | 4.02% | 3.58% | 10.58% | 1.28% | 25.23% |
Frequently Asked Questions
FBTC and SHIP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIP has higher volatility (13.53%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs SHIP's -100.00%.
SHIP currently has the higher Sharpe Ratio (2.85 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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