FBTCX vs. GBTC
Compare and contrast key facts about Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Grayscale Bitcoin Trust (BTC) (GBTC).
FBTCX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
FBTCX vs. GBTC - Performance Comparison
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FBTCX vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 2.09% | 38.48% | -2.00% | 9.86% | -8.64% | -3.72% | 31.17% | 24.82% | -4.55% | 24.81% |
GBTC Grayscale Bitcoin Trust (BTC) | -22.40% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 1,787.72% |
Returns By Period
In the year-to-date period, FBTCX achieves a 2.09% return, which is significantly higher than GBTC's -22.40% return. Over the past 10 years, FBTCX has underperformed GBTC with an annualized return of 10.32%, while GBTC has yielded a comparatively higher 58.56% annualized return.
FBTCX
- 1D
- 5.09%
- 1M
- -0.81%
- YTD
- 2.09%
- 6M
- 15.10%
- 1Y
- 54.26%
- 3Y*
- 17.00%
- 5Y*
- 6.73%
- 10Y*
- 10.32%
GBTC
- 1D
- 0.55%
- 1M
- -1.56%
- YTD
- -22.40%
- 6M
- -42.46%
- 1Y
- -21.01%
- 3Y*
- 48.01%
- 5Y*
- 0.84%
- 10Y*
- 58.56%
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Return for Risk
FBTCX vs. GBTC — Risk / Return Rank
FBTCX
GBTC
FBTCX vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
| FBTCX | GBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | -0.47 | +2.36 |
Sortino ratioReturn per unit of downside risk | 2.49 | -0.41 | +2.90 |
Omega ratioGain probability vs. loss probability | 1.32 | 0.95 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | -0.38 | +3.46 |
Martin ratioReturn relative to average drawdown | 12.19 | -0.80 | +12.99 |
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
| FBTCX | GBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | -0.47 | +2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.01 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.71 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.67 | -0.40 |
Correlation
The correlation between FBTCX and GBTC is 0.18, 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.
Dividends
FBTCX vs. GBTC - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 1.65%, while GBTC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 1.65% | 1.68% | 0.00% | 0.00% | 0.00% | 24.50% | 9.78% | 7.92% | 2.92% | 0.00% | 0.00% | 5.73% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% | 0.00% | 0.00% |
Drawdowns
FBTCX vs. GBTC - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -64.04%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for FBTCX and GBTC.
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Drawdown Indicators
| FBTCX | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.04% | -89.91% | +25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -49.55% | +35.92% |
Max Drawdown (5Y)Largest decline over 5 years | -37.26% | -85.80% | +48.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.37% | -89.91% | +50.54% |
Current DrawdownCurrent decline from peak | -2.75% | -46.10% | +43.35% |
Average DrawdownAverage peak-to-trough decline | -23.21% | -43.48% | +20.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 23.39% | -19.64% |
Volatility
FBTCX vs. GBTC - Volatility Comparison
The current volatility for Fidelity Advisor Biotechnology Fund Class C (FBTCX) is 9.37%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 12.99%. This indicates that FBTCX experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTCX | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 12.99% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 36.80% | -19.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 45.30% | -19.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 64.19% | -40.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.66% | 82.56% | -57.90% |