FBTC vs. TSLA
FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while TSLA (Tesla, Inc.) is a stock. Over the past year, FBTC returned -44.68% vs 12.11% for TSLA. At a 0.39 correlation, their price movements are largely independent.
Performance
FBTC vs. TSLA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBTC achieves a -25.63% return, which is significantly lower than TSLA's -17.82% return.
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
TSLA
- 1D
- -2.96%
- 1M
- -7.72%
- 6M
- -15.53%
- YTD
- -17.82%
- 1Y
- 12.11%
- 3Y*
- 12.43%
- 5Y*
- 11.09%
- 10Y*
- 37.94%
- ALL TIME*
- 42.40%
FBTC vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
TSLA Tesla, Inc. | -17.82% | 11.36% | 72.63% |
Correlation
The correlation between FBTC and TSLA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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. TSLA — Risk / Return Rank
FBTC
TSLA
FBTC vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Tesla, Inc. (TSLA). 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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.08 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.41 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.87 | -2.21 |
Loading charts...
Drawdowns
FBTC vs. TSLA - Drawdown Comparison
The maximum FBTC drawdown since its inception was -53.35%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for FBTC and TSLA.
Loading charts...
Drawdown Indicators
| FBTC | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -73.63% | +20.28% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -29.93% | -23.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -48.20% | -24.56% | -23.64% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -22.69% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 13.93% | +19.46% |
Volatility
FBTC vs. TSLA - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Fund (FBTC) is 10.58%, while Tesla, Inc. (TSLA) has a volatility of 16.93%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBTC | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 16.93% | -6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 31.31% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.30% | 44.73% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.71% | 59.31% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 59.26% | -9.55% |
Dividends
FBTC vs. TSLA - Dividend Comparison
Neither FBTC nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
FBTC and TSLA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (16.93%) compared to FBTC (10.58%). In terms of maximum drawdown, FBTC dropped -53.35% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.27 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.
Find the right allocation for FBTC and TSLA
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