FCLO vs. FBTC
FCLO (Fidelity CLO ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FCLO is a CLO fund actively managed by Fidelity, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. FCLO is actively managed, while FBTC is passively managed. At a 0.01 correlation, their price movements are largely independent. FCLO charges 0.45%/yr vs 0.25%/yr for FBTC.
Performance
FCLO vs. FBTC - Performance Comparison
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Returns By Period
FCLO
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTC
- 1D
- -2.65%
- 1M
- -18.37%
- YTD
- -25.34%
- 6M
- -29.78%
- 1Y
- -38.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCLO vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FCLO Fidelity CLO ETF | 1.70% |
FBTC Fidelity Wise Origin Bitcoin Fund | -0.00% |
Correlation
The correlation between FCLO and FBTC is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026 | 0.01 |
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Return for Risk
FCLO vs. FBTC — Risk / Return Rank
FCLO
FBTC
FCLO vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity CLO ETF (FCLO) and Fidelity Wise Origin Bitcoin Fund (FBTC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FCLO | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.96 | 0.30 | +3.66 |
Drawdowns
FCLO vs. FBTC - Drawdown Comparison
The maximum FCLO drawdown since its inception was -0.58%, smaller than the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FCLO and FBTC.
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Drawdown Indicators
| FCLO | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -49.33% | +48.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.33% | — |
Current DrawdownCurrent decline from peak | 0.00% | -48.00% | +48.00% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -16.01% | +15.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.41% | — |
Volatility
FCLO vs. FBTC - Volatility Comparison
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Volatility by Period
| FCLO | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 43.61% | -42.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 50.13% | -48.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.46% | 50.13% | -48.67% |
FCLO vs. FBTC - Expense Ratio Comparison
FCLO has a 0.45% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Dividends
FCLO vs. FBTC - Dividend Comparison
FCLO's dividend yield for the trailing twelve months is around 1.56%, while FBTC has not paid dividends to shareholders.
| Position | TTM |
|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% |
FCLO Fidelity CLO ETF | 1.56% |
Frequently Asked Questions
FCLO and FBTC have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTC is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTC is cheaper with a 0.25% expense ratio, compared with 0.45% for FCLO.
FCLO has the higher dividend yield at 1.56%, compared with 0.00% for FBTC.
FCLO is categorized as CLO, while FBTC is Cryptocurrency. Their fees differ too: 0.45% for FCLO and 0.25% for FBTC.
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