FCRR.TO vs. FBTC.TO
FCRR.TO (Fidelity U.S. Dividend for Rising Rates ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCRR.TO is a Dividend 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, FCRR.TO returned 17.64%/yr vs 31.16%/yr for FBTC.TO. At a 0.25 correlation, their price movements are largely independent. FCRR.TO charges 0.35%/yr vs 0.40%/yr for FBTC.TO.
Performance
FCRR.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCRR.TO achieves a 14.88% return, which is significantly higher than FBTC.TO's -24.22% return.
FCRR.TO
- 1D
- -0.03%
- 1M
- 0.87%
- 6M
- 12.05%
- YTD
- 14.88%
- 1Y
- 15.20%
- 3Y*
- 17.64%
- 5Y*
- 12.52%
- 10Y*
- —
FBTC.TO
- 1D
- 0.44%
- 1M
- -2.44%
- 6M
- -32.82%
- YTD
- -24.22%
- 1Y
- -43.09%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
FCRR.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 14.88% | 3.53% | 29.84% | 12.53% | -6.47% | 5.32% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.22% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between FCRR.TO and FBTC.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.25 |
The correlation between FCRR.TO and FBTC.TO shifts across timeframes, from 0.23 (3 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCRR.TO vs. FBTC.TO — Risk / Return Rank
FCRR.TO
FBTC.TO
FCRR.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.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.
| FCRR.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.84 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.82 | +1.64 |
| Martin ratioReturn relative to average drawdown | 1.64 | -1.28 | +2.92 |
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Drawdowns
FCRR.TO vs. FBTC.TO - Drawdown Comparison
The maximum FCRR.TO drawdown since its inception was -31.45%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCRR.TO and FBTC.TO.
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Drawdown Indicators
| FCRR.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -70.77% | +39.32% |
Max Drawdown (1Y)Largest decline over 1 year | -18.61% | -52.71% | +34.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -52.71% | +34.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -48.26% | +44.42% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -31.38% | +26.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 33.71% | -24.42% |
Volatility
FCRR.TO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity U.S. Dividend for Rising Rates ETF (FCRR.TO) is 2.41%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 10.29%. This indicates that FCRR.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
| FCRR.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 10.29% | -7.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 33.54% | -24.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 43.74% | -23.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 52.10% | -36.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 52.10% | -35.28% |
FCRR.TO vs. FBTC.TO - Expense Ratio Comparison
FCRR.TO has a 0.35% expense ratio, which is lower than FBTC.TO's 0.40% expense ratio.
Dividends
FCRR.TO vs. FBTC.TO - Dividend Comparison
FCRR.TO's dividend yield for the trailing twelve months is around 1.55%, while FBTC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCRR.TO Fidelity U.S. Dividend for Rising Rates ETF | 1.55% | 1.86% | 1.65% | 2.01% | 2.08% | 1.59% | 2.53% | 2.27% | 0.61% |
Frequently Asked Questions
FCRR.TO and FBTC.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCRR.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCRR.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for FBTC.TO.
FCRR.TO is categorized as Dividend, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.35% for FCRR.TO and 0.40% for FBTC.TO.
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