FBTC vs. VOO
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Vanguard S&P 500 ETF (VOO).
FBTC and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FBTC and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or VOO.
Correlation
The correlation between FBTC and VOO is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBTC vs. VOO - Performance Comparison
Key characteristics
FBTC:
1.45
VOO:
1.76
FBTC:
2.14
VOO:
2.37
FBTC:
1.25
VOO:
1.32
FBTC:
2.99
VOO:
2.66
FBTC:
6.74
VOO:
11.10
FBTC:
12.15%
VOO:
2.02%
FBTC:
56.40%
VOO:
12.79%
FBTC:
-27.42%
VOO:
-33.99%
FBTC:
-11.27%
VOO:
-2.11%
Returns By Period
In the year-to-date period, FBTC achieves a 1.51% return, which is significantly lower than VOO's 2.40% return.
FBTC
1.51%
-9.17%
48.59%
81.76%
N/A
N/A
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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FBTC vs. VOO - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBTC vs. VOO — Risk-Adjusted Performance Rank
FBTC
VOO
FBTC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FBTC vs. VOO - Dividend Comparison
FBTC has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FBTC vs. VOO - Drawdown Comparison
The maximum FBTC drawdown since its inception was -27.42%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FBTC and VOO. For additional features, visit the drawdowns tool.
Volatility
FBTC vs. VOO - Volatility Comparison
Fidelity Wise Origin Bitcoin Trust (FBTC) has a higher volatility of 9.88% compared to Vanguard S&P 500 ETF (VOO) at 3.38%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.