FBTCX vs. IBIT
FBTCX (Fidelity Advisor Biotechnology Fund Class C) and IBIT (iShares Bitcoin Trust ETF) are both funds - FBTCX is a Health & Biotech Equities fund managed by Fidelity, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, FBTCX returned 71.28% vs -47.60% for IBIT. At a 0.23 correlation, their price movements are largely independent. FBTCX charges 1.75%/yr vs 0.25%/yr for IBIT.
Performance
FBTCX vs. IBIT - 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 IBIT's -29.06% 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%
IBIT
- 1D
- -2.79%
- 1M
- -2.28%
- 6M
- -32.10%
- YTD
- -29.06%
- 1Y
- -47.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTCX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBTCX Fidelity Advisor Biotechnology Fund Class C | 23.69% | 38.48% | -6.89% |
IBIT iShares Bitcoin Trust ETF | -29.06% | -6.41% | 89.87% |
Correlation
The correlation between FBTCX and IBIT 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 (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
FBTCX vs. IBIT — Risk / Return Rank
FBTCX
IBIT
FBTCX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Biotechnology Fund Class C (FBTCX) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +5.49 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.82 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 7.65 | -0.90 | +8.55 |
| Martin ratioReturn relative to average drawdown | 20.96 | -1.46 | +22.42 |
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Drawdowns
FBTCX vs. IBIT - Drawdown Comparison
The maximum FBTCX drawdown since its inception was -64.04%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for FBTCX and IBIT.
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Drawdown Indicators
| FBTCX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.04% | -53.30% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -53.30% | +44.26% |
Max Drawdown (3Y)Largest decline over 3 years | -37.26% | — | — |
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% | -50.60% | +48.07% |
Average DrawdownAverage peak-to-trough decline | -22.99% | -17.56% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 32.72% | -29.43% |
Volatility
FBTCX vs. IBIT - Volatility Comparison
The current volatility for Fidelity Advisor Biotechnology Fund Class C (FBTCX) is 8.30%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.51%. This indicates that FBTCX experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBTCX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 11.51% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 34.79% | -16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.55% | 44.38% | -20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 49.97% | -26.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 49.97% | -25.49% |
FBTCX vs. IBIT - Expense Ratio Comparison
FBTCX has a 1.75% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
FBTCX vs. IBIT - Dividend Comparison
FBTCX's dividend yield for the trailing twelve months is around 1.36%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBTCX and IBIT 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.
IBIT has higher volatility (11.51%) compared to FBTCX (8.30%). In terms of maximum drawdown, FBTCX dropped -64.04% vs IBIT's -53.30%.
FBTCX currently has the higher Sharpe Ratio (2.94 vs -1.08), 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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