FBTCX vs. BITX
Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
FBTCX is managed by Fidelity. It was launched on Dec 27, 2000. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTCX or BITX.
Correlation
The correlation between FBTCX and BITX is 0.21, 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
FBTCX vs. BITX - Performance Comparison
Key characteristics
FBTCX:
-0.37
BITX:
1.18
FBTCX:
-0.37
BITX:
2.09
FBTCX:
0.95
BITX:
1.24
FBTCX:
-0.22
BITX:
2.22
FBTCX:
-0.95
BITX:
4.18
FBTCX:
7.71%
BITX:
32.50%
FBTCX:
19.90%
BITX:
114.31%
FBTCX:
-61.27%
BITX:
-61.28%
FBTCX:
-33.32%
BITX:
-23.09%
Returns By Period
In the year-to-date period, FBTCX achieves a -4.56% return, which is significantly lower than BITX's 4.85% return.
FBTCX
-4.56%
-10.36%
-18.72%
-7.51%
-2.89%
-0.52%
BITX
4.85%
-15.28%
63.85%
168.17%
N/A
N/A
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FBTCX vs. BITX - Expense Ratio Comparison
FBTCX has a 1.75% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
FBTCX vs. BITX — Risk-Adjusted Performance Rank
FBTCX
BITX
FBTCX vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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
FBTCX vs. BITX - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 3.00%, less than BITX's 10.21% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Advisor Biotechnology Fund Class C | 3.00% | 2.87% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.73% | 2.75% |
Volatility Shares 2x Bitcoin Strategy ETF | 10.21% | 10.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBTCX vs. BITX - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -61.27%, roughly equal to the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for FBTCX and BITX. For additional features, visit the drawdowns tool.
Volatility
FBTCX vs. BITX - Volatility Comparison
The current volatility for Fidelity Advisor Biotechnology Fund Class C (FBTCX) is 8.23%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 32.40%. This indicates that FBTCX experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.