FCSB.NEO vs. FBTC.TO
Compare and contrast key facts about Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) and Fidelity Advantage Bitcoin ETF (FBTC.TO).
FCSB.NEO and FBTC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCSB.NEO is a passively managed fund by Fidelity that tracks the performance of the FTSE Canada Short Term Corporate Bond 5% Capped Index. It was launched on Sep 20, 2019. FBTC.TO is an actively managed fund by Fidelity. It was launched on Nov 30, 2021.
Performance
FCSB.NEO vs. FBTC.TO - Performance Comparison
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FCSB.NEO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 0.17% | 4.15% | 7.55% | 6.81% | -4.22% | 0.00% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -21.31% | -10.85% | 137.16% | 145.80% | -61.34% | -20.88% |
Returns By Period
In the year-to-date period, FCSB.NEO achieves a 0.17% return, which is significantly higher than FBTC.TO's -21.31% return.
FCSB.NEO
- 1D
- -0.16%
- 1M
- -0.81%
- YTD
- 0.17%
- 6M
- 0.40%
- 1Y
- 3.02%
- 3Y*
- 5.42%
- 5Y*
- 2.69%
- 10Y*
- —
FBTC.TO
- 1D
- 0.39%
- 1M
- -0.48%
- YTD
- -21.31%
- 6M
- -42.50%
- 1Y
- -22.45%
- 3Y*
- 33.42%
- 5Y*
- —
- 10Y*
- —
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FCSB.NEO vs. FBTC.TO - Expense Ratio Comparison
FCSB.NEO has a 0.44% expense ratio, which is higher than FBTC.TO's 0.40% expense ratio.
Return for Risk
FCSB.NEO vs. FBTC.TO — Risk / Return Rank
FCSB.NEO
FBTC.TO
FCSB.NEO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) 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.
| FCSB.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | -0.50 | +1.59 |
Sortino ratioReturn per unit of downside risk | 1.59 | -0.48 | +2.07 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.94 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.41 | +2.22 |
Martin ratioReturn relative to average drawdown | 7.05 | -0.86 | +7.91 |
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
| FCSB.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | -0.50 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.10 | +0.52 |
Correlation
The correlation between FCSB.NEO and FBTC.TO is 0.04, 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
FCSB.NEO vs. FBTC.TO - Dividend Comparison
FCSB.NEO's dividend yield for the trailing twelve months is around 3.80%, while FBTC.TO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.80% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% |
FBTC.TO Fidelity Advantage Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCSB.NEO vs. FBTC.TO - Drawdown Comparison
The maximum FCSB.NEO drawdown since its inception was -12.48%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCSB.NEO and FBTC.TO.
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Drawdown Indicators
| FCSB.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.48% | -70.77% | +58.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -50.22% | +48.64% |
Max Drawdown (5Y)Largest decline over 5 years | -7.44% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -46.28% | +45.17% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -30.54% | +29.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 23.90% | -23.49% |
Volatility
FCSB.NEO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) is 1.24%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 12.86%. This indicates that FCSB.NEO 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
| FCSB.NEO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 12.86% | -11.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 36.25% | -34.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 44.79% | -41.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 52.97% | -49.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 52.97% | -47.97% |