FBTC vs. VYMI
FBTC (Fidelity Wise Origin Bitcoin Fund) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past year, FBTC returned -39.41% vs 27.88% for VYMI. At a 0.28 correlation, their price movements are largely independent. FBTC charges 0.25%/yr vs 0.07%/yr for VYMI.
Performance
FBTC vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, FBTC achieves a -27.63% return, which is significantly lower than VYMI's 10.04% return.
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VYMI
- 1D
- 0.24%
- 1M
- -1.37%
- YTD
- 10.04%
- 6M
- 13.58%
- 1Y
- 27.88%
- 3Y*
- 20.99%
- 5Y*
- 11.79%
- 10Y*
- 10.62%
FBTC vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
VYMI Vanguard International High Dividend Yield ETF | 10.04% | 38.05% | 8.08% |
Correlation
The correlation between FBTC and VYMI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.28 |
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Return for Risk
FBTC vs. VYMI — Risk / Return Rank
FBTC
VYMI
FBTC vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Fund (FBTC) and Vanguard International High Dividend Yield ETF (VYMI). 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 | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.39 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.76 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.36 | 10.83 | -12.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBTC | VYMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 2.14 | -3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.64 | -0.37 |
Drawdowns
FBTC vs. VYMI - Drawdown Comparison
The maximum FBTC drawdown since its inception was -52.07%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for FBTC and VYMI.
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Drawdown Indicators
| FBTC | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.07% | -40.00% | -12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -10.14% | -41.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.00% | — |
Current DrawdownCurrent decline from peak | -49.59% | -2.52% | -47.07% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -6.31% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 2.58% | +26.35% |
Volatility
FBTC vs. VYMI - Volatility Comparison
Fidelity Wise Origin Bitcoin Fund (FBTC) has a higher volatility of 11.77% compared to Vanguard International High Dividend Yield ETF (VYMI) at 3.69%. This indicates that FBTC's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTC | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 3.69% | +8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 34.55% | 10.94% | +23.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 13.13% | +31.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 14.87% | +35.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 16.88% | +33.38% |
FBTC vs. VYMI - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is higher than VYMI's 0.07% 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%.
Dividends
FBTC vs. VYMI - Dividend Comparison
FBTC has not paid dividends to shareholders, while VYMI's dividend yield for the trailing twelve months is around 3.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYMI Vanguard International High Dividend Yield ETF | 3.48% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Frequently Asked Questions
FBTC and VYMI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.77%) compared to VYMI (3.69%). In terms of maximum drawdown, FBTC dropped -52.07% vs VYMI's -40.00%.
On 1-year performance, VYMI leads with 27.88% vs -39.41% for FBTC. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VYMI has performed better with a 27.88% return vs -39.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.25% for FBTC.
VYMI has the higher dividend yield at 3.48%, compared with 0.00% for FBTC.
FBTC is categorized as Cryptocurrency, while VYMI is Dividend. FBTC tracks Fidelity Bitcoin Reference Rate, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.25% for FBTC and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.14 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.
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