FBTCX vs. BITX
FBTCX (Fidelity Advisor Biotechnology Fund Class C) and BITX (2x Bitcoin Strategy ETF) are both funds - FBTCX is a Health & Biotech Equities fund managed by Fidelity, while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past 3 years, FBTCX returned 23.28%/yr vs 1.91%/yr for BITX. At a 0.22 correlation, their price movements are largely independent. FBTCX charges 1.75%/yr vs 2.38%/yr for BITX.
Performance
FBTCX vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, FBTCX achieves a 23.69% return, which is significantly higher than BITX's -58.12% return.
FBTCX
- 1D
- -2.53%
- 1M
- 18.64%
- 6M
- 25.65%
- YTD
- 23.69%
- 1Y
- 71.28%
- 3Y*
- 23.28%
- 5Y*
- 10.44%
- 10Y*
- 11.96%
BITX
- 1D
- -5.33%
- 1M
- -6.13%
- 6M
- -61.36%
- YTD
- -58.12%
- 1Y
- -80.34%
- 3Y*
- 1.91%
- 5Y*
- —
- 10Y*
- —
FBTCX vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 23.69% | 38.48% | -2.00% | 11.11% |
BITX 2x Bitcoin Strategy ETF | -58.12% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between FBTCX and BITX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.22 |
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Return for Risk
FBTCX vs. BITX — Risk / Return Rank
FBTCX
BITX
FBTCX vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and 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.
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.
| FBTCX | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.85 | ||
| Sortino ratioReturn per unit of downside risk | +5.70 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.80 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 7.65 | -0.96 | +8.62 |
| Martin ratioReturn relative to average drawdown | 20.96 | -1.42 | +22.39 |
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Drawdowns
FBTCX vs. BITX - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -64.04%, smaller than the maximum BITX drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for FBTCX and BITX.
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Drawdown Indicators
| FBTCX | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.04% | -83.45% | +19.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -83.45% | +74.41% |
Max Drawdown (3Y)Largest decline over 3 years | -37.26% | -83.45% | +46.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | — | — |
Current DrawdownCurrent decline from peak | -2.53% | -81.49% | +78.96% |
Average DrawdownAverage peak-to-trough decline | -22.99% | -33.35% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 56.38% | -53.09% |
Volatility
FBTCX vs. BITX - Volatility Comparison
The current volatility for Fidelity Advisor Biotechnology Fund Class C (FBTCX) is 8.30%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 22.66%. 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.
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Volatility by Period
| FBTCX | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 22.66% | -14.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 69.77% | -51.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.55% | 88.03% | -64.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 97.79% | -73.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 97.79% | -73.31% |
FBTCX vs. BITX - Expense Ratio Comparison
FBTCX has a 1.75% expense ratio, which is lower than BITX's 2.38% expense ratio.
Dividends
FBTCX vs. BITX - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 1.36%, less than BITX's 33.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 33.37% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBTCX Fidelity Advisor Biotechnology Fund Class C | 1.36% | 1.68% | 0.00% | 0.00% | 0.00% | 24.50% | 9.78% | 7.92% | 2.92% | 0.00% | 0.00% | 5.73% |
Frequently Asked Questions
FBTCX and BITX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (22.66%) compared to FBTCX (8.30%). In terms of maximum drawdown, FBTCX dropped -64.04% vs BITX's -83.45%.
FBTCX currently has the higher Sharpe Ratio (2.94 vs -0.92), 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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