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FBTCX vs. GBTC
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FBTCX vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Biotechnology Fund Class C (FBTCX) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

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FBTCX vs. GBTC - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

FBTCX vs. GBTC — Risk / Return Rank

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

FBTCX
FBTCX Risk / Return Rank: 8989
Overall Rank
FBTCX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FBTCX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FBTCX Omega Ratio Rank: 7979
Omega Ratio Rank
FBTCX Calmar Ratio Rank: 9393
Calmar Ratio Rank
FBTCX Martin Ratio Rank: 9494
Martin Ratio Rank

GBTC
GBTC Risk / Return Rank: 2424
Overall Rank
GBTC Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
GBTC Sortino Ratio Rank: 2020
Sortino Ratio Rank
GBTC Omega Ratio Rank: 2121
Omega Ratio Rank
GBTC Calmar Ratio Rank: 2929
Calmar Ratio Rank
GBTC Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


FBTCXGBTCDifference

Sharpe ratio

Return per unit of total volatility

1.90

-0.47

+2.36

Sortino ratio

Return per unit of downside risk

2.49

-0.41

+2.90

Omega ratio

Gain probability vs. loss probability

1.32

0.95

+0.37

Calmar ratio

Return relative to maximum drawdown

3.08

-0.38

+3.46

Martin ratio

Return relative to average drawdown

12.19

-0.80

+12.99

FBTCX vs. GBTC - Sharpe Ratio Comparison

The current FBTCX Sharpe Ratio is 1.90, which is higher than the GBTC Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of FBTCX and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FBTCXGBTCDifference

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.


TTM20252024202320222021202020192018201720162015
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


FBTCXGBTCDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-2.75%

-46.10%

+43.35%

Average Drawdown

Average peak-to-trough decline

-23.21%

-43.48%

+20.27%

Ulcer Index

Depth 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


FBTCXGBTCDifference

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%