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 -39.41% vs 150.72% for SHIP. At a 0.15 correlation, their price movements are largely independent.
Performance
FBTC vs. SHIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly lower than SHIP's 69.69% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHIP
- 1D
- -0.26%
- 1M
- -7.22%
- YTD
- 69.69%
- 6M
- 52.26%
- 1Y
- 150.72%
- 3Y*
- 60.51%
- 5Y*
- 15.33%
- 10Y*
- -42.13%
FBTC vs. SHIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
SHIP Seanergy Maritime Holdings Corp. | 69.69% | 38.48% | 4.31% |
Correlation
The correlation between FBTC and SHIP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| FBTC | SHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.47 | ||
| Sortino ratioReturn per unit of downside risk | -5.33 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.50 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 8.17 | -8.93 |
| Martin ratioReturn relative to average drawdown | -1.36 | 20.14 | -21.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FBTC | SHIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 3.57 | -4.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.10 | +0.36 |
Drawdowns
FBTC vs. SHIP - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, 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.
Loading charts...
Drawdown Indicators
| FBTC | SHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -100.00% | +47.93% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -18.56% | -33.51% |
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 | -49.59% | -99.98% | +50.39% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -86.57% | +70.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 7.51% | +21.42% |
Volatility
FBTC vs. SHIP - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.77%, while Seanergy Maritime Holdings Corp. (SHIP) has a volatility of 15.48%. 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.
Loading charts...
Volatility by Period
| FBTC | SHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 15.48% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 33.66% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 42.56% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 52.08% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 98.57% | -48.31% |
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 2.79%.
| 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. | 2.79% | 3.58% | 10.58% | 1.28% | 25.23% |
Frequently Asked Questions
FBTC and SHIP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIP has higher volatility (15.48%) compared to FBTC (11.77%). In terms of maximum drawdown, FBTC dropped -52.07% vs SHIP's -100.00%.
SHIP currently has the higher Sharpe Ratio (3.57 vs -0.90), 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.
Find the right allocation for FBTC and SHIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer