FCOM vs. FBTC
Compare and contrast key facts about Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity Wise Origin Bitcoin Trust (FBTC).
FCOM and FBTC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCOM is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. It was launched on Oct 21, 2013. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both FCOM and FBTC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCOM vs. FBTC - Performance Comparison
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FCOM vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCOM Fidelity MSCI Communication Services Index ETF | -6.08% | 26.06% | 32.23% |
FBTC Fidelity Wise Origin Bitcoin Trust | -22.13% | -6.56% | 99.56% |
Returns By Period
In the year-to-date period, FCOM achieves a -6.08% return, which is significantly higher than FBTC's -22.13% return.
FCOM
- 1D
- 0.78%
- 1M
- -5.28%
- YTD
- -6.08%
- 6M
- -1.89%
- 1Y
- 22.46%
- 3Y*
- 24.49%
- 5Y*
- 7.43%
- 10Y*
- 11.09%
FBTC
- 1D
- 0.56%
- 1M
- -1.49%
- YTD
- -22.13%
- 6M
- -42.09%
- 1Y
- -20.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FCOM vs. FBTC - Expense Ratio Comparison
FCOM has a 0.08% expense ratio, which is lower than FBTC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FCOM vs. FBTC — Risk / Return Rank
FCOM
FBTC
FCOM vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Communication Services Index ETF (FCOM) and Fidelity Wise Origin Bitcoin Trust (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.
| FCOM | FBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | -0.44 | +1.56 |
Sortino ratioReturn per unit of downside risk | 1.73 | -0.37 | +2.10 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.96 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.36 | +2.08 |
Martin ratioReturn relative to average drawdown | 6.32 | -0.75 | +7.07 |
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
| FCOM | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | -0.44 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.36 | +0.19 |
Correlation
The correlation between FCOM and FBTC is 0.34, 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
FCOM vs. FBTC - Dividend Comparison
FCOM's dividend yield for the trailing twelve months is around 0.99%, while FBTC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOM Fidelity MSCI Communication Services Index ETF | 0.99% | 0.88% | 0.87% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 11.70% | 2.27% | 2.92% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCOM vs. FBTC - Drawdown Comparison
The maximum FCOM drawdown since its inception was -46.76%, smaller than the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FCOM and FBTC.
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Drawdown Indicators
| FCOM | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.76% | -49.33% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -49.33% | +35.85% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.76% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | -45.76% | +36.54% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -14.18% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 23.23% | -19.56% |
Volatility
FCOM vs. FBTC - Volatility Comparison
The current volatility for Fidelity MSCI Communication Services Index ETF (FCOM) is 6.45%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 12.91%. This indicates that FCOM experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOM | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 12.91% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 36.78% | -25.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.30% | 45.27% | -24.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 51.16% | -29.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 51.16% | -30.22% |