FBTC vs. SPOT
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while SPOT (Spotify Technology S.A.) is a stock. Over the past year, FBTC returned -39.41% vs -29.36% for SPOT. At a 0.16 correlation, their price movements are largely independent.
Performance
FBTC vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly lower than SPOT's -13.36% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- 1.24%
- 1M
- 20.42%
- YTD
- -13.36%
- 6M
- -12.09%
- 1Y
- -29.36%
- 3Y*
- 49.53%
- 5Y*
- 16.18%
- 10Y*
- —
FBTC vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
SPOT Spotify Technology S.A. | -13.36% | 29.80% | 122.78% |
Correlation
The correlation between FBTC and SPOT is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.16 |
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. SPOT — Risk / Return Rank
FBTC
SPOT
FBTC vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.90 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.63 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.10 | -0.26 |
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 | SPOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.65 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.34 | -0.07 |
Drawdowns
FBTC vs. SPOT - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for FBTC and SPOT.
Loading charts...
Drawdown Indicators
| FBTC | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -80.51% | +28.44% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -46.80% | -5.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -46.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.39% | — |
Current DrawdownCurrent decline from peak | -49.59% | -35.16% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -30.81% | +14.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 26.76% | +2.17% |
Volatility
FBTC vs. SPOT - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 11.77%, while Spotify Technology S.A. (SPOT) has a volatility of 15.97%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBTC | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 15.97% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 37.40% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 45.30% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 47.60% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 47.26% | +3.00% |
Dividends
FBTC vs. SPOT - Dividend Comparison
Neither FBTC nor SPOT has paid dividends to shareholders.
Frequently Asked Questions
FBTC and SPOT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (15.97%) compared to FBTC (11.77%). In terms of maximum drawdown, FBTC dropped -52.07% vs SPOT's -80.51%.
SPOT currently has the higher Sharpe Ratio (-0.65 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 SPOT
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