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FBTCX vs. BITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.2

Performance

FBTCX vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%AugustSeptemberOctoberNovemberDecember2025
-18.72%
63.85%
FBTCX
BITX

Key characteristics

Sharpe Ratio

FBTCX:

-0.37

BITX:

1.18

Sortino Ratio

FBTCX:

-0.37

BITX:

2.09

Omega Ratio

FBTCX:

0.95

BITX:

1.24

Calmar Ratio

FBTCX:

-0.22

BITX:

2.22

Martin Ratio

FBTCX:

-0.95

BITX:

4.18

Ulcer Index

FBTCX:

7.71%

BITX:

32.50%

Daily Std Dev

FBTCX:

19.90%

BITX:

114.31%

Max Drawdown

FBTCX:

-61.27%

BITX:

-61.28%

Current Drawdown

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

YTD

-4.56%

1M

-10.36%

6M

-18.72%

1Y

-7.51%

5Y*

-2.89%

10Y*

-0.52%

BITX

YTD

4.85%

1M

-15.28%

6M

63.85%

1Y

168.17%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBTCX vs. BITX - Expense Ratio Comparison

FBTCX has a 1.75% expense ratio, which is lower than BITX's 1.85% expense ratio.


BITX
Volatility Shares 2x Bitcoin Strategy ETF
Expense ratio chart for BITX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
Expense ratio chart for FBTCX: current value at 1.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.75%

Risk-Adjusted Performance

FBTCX vs. BITX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBTCX
The Risk-Adjusted Performance Rank of FBTCX is 44
Overall Rank
The Sharpe Ratio Rank of FBTCX is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTCX is 44
Sortino Ratio Rank
The Omega Ratio Rank of FBTCX is 55
Omega Ratio Rank
The Calmar Ratio Rank of FBTCX is 44
Calmar Ratio Rank
The Martin Ratio Rank of FBTCX is 44
Martin Ratio Rank

BITX
The Risk-Adjusted Performance Rank of BITX is 6363
Overall Rank
The Sharpe Ratio Rank of BITX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 6464
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 7474
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 5050
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for FBTCX, currently valued at -0.37, compared to the broader market-1.000.001.002.003.004.00-0.371.18
The chart of Sortino ratio for FBTCX, currently valued at -0.37, compared to the broader market0.002.004.006.008.0010.00-0.372.09
The chart of Omega ratio for FBTCX, currently valued at 0.95, compared to the broader market1.002.003.000.951.24
The chart of Calmar ratio for FBTCX, currently valued at -0.30, compared to the broader market0.005.0010.0015.00-0.302.22
The chart of Martin ratio for FBTCX, currently valued at -0.95, compared to the broader market0.0020.0040.0060.00-0.954.18
FBTCX
BITX

The current FBTCX Sharpe Ratio is -0.37, which is lower than the BITX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FBTCX and BITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00AugustSeptemberOctoberNovemberDecember2025
-0.37
1.18
FBTCX
BITX

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.


TTM20242023202220212020201920182017201620152014
FBTCX
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%
BITX
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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-23.96%
-23.09%
FBTCX
BITX

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.


0.00%10.00%20.00%30.00%40.00%50.00%AugustSeptemberOctoberNovemberDecember2025
8.23%
32.40%
FBTCX
BITX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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