FCIQ.TO vs. FBTC.TO
FCIQ.TO (Fidelity International High Quality ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCIQ.TO is a International Equity fund actively managed by Fidelity, while FBTC.TO is a Cryptocurrency fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FCIQ.TO returned 13.45%/yr vs 31.16%/yr for FBTC.TO. At a 0.30 correlation, their price movements are largely independent. FCIQ.TO charges 0.45%/yr vs 0.40%/yr for FBTC.TO.
Performance
FCIQ.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly higher than FBTC.TO's -24.22% return.
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
FBTC.TO
- 1D
- 0.44%
- 1M
- -2.44%
- 6M
- -32.82%
- YTD
- -24.22%
- 1Y
- -43.09%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
FCIQ.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 12.55% | 11.87% | 11.21% | 17.76% | -16.23% | 2.34% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.22% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between FCIQ.TO and FBTC.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.30 |
The correlation between FCIQ.TO and FBTC.TO shifts across timeframes, from 0.27 (3 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCIQ.TO vs. FBTC.TO — Risk / Return Rank
FCIQ.TO
FBTC.TO
FCIQ.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and Fidelity Advantage Bitcoin ETF (FBTC.TO). 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.
| FCIQ.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.84 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.82 | +2.29 |
| Martin ratioReturn relative to average drawdown | 4.02 | -1.28 | +5.30 |
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Drawdowns
FCIQ.TO vs. FBTC.TO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and FBTC.TO.
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Drawdown Indicators
| FCIQ.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -70.77% | +37.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -52.71% | +43.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -52.71% | +39.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -48.26% | +47.03% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -31.38% | +24.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 33.71% | -30.46% |
Volatility
FCIQ.TO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity International High Quality ETF (FCIQ.TO) is 3.76%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 10.29%. This indicates that FCIQ.TO experiences smaller price fluctuations and is considered to be less risky than FBTC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIQ.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 10.29% | -6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 33.54% | -21.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 43.74% | -28.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 52.10% | -37.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 52.10% | -35.54% |
FCIQ.TO vs. FBTC.TO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than FBTC.TO's 0.40% expense ratio.
Dividends
FCIQ.TO vs. FBTC.TO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, while FBTC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% |
Frequently Asked Questions
FCIQ.TO and FBTC.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTC.TO is cheaper with a 0.40% expense ratio, compared with 0.45% for FCIQ.TO.
FCIQ.TO is categorized as International Equity, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.45% for FCIQ.TO and 0.40% for FBTC.TO.
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