FCUD.TO vs. FBTC.TO
FCUD.TO (Fidelity U.S. High Dividend ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCUD.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, FCUD.TO returned 11.70%/yr vs 31.16%/yr for FBTC.TO. At a 0.22 correlation, their price movements are largely independent. FCUD.TO charges 0.35%/yr vs 0.40%/yr for FBTC.TO.
Performance
FCUD.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUD.TO achieves a 14.75% return, which is significantly higher than FBTC.TO's -24.22% return.
FCUD.TO
- 1D
- 0.07%
- 1M
- 0.46%
- 6M
- 10.36%
- YTD
- 14.75%
- 1Y
- 5.31%
- 3Y*
- 11.70%
- 5Y*
- 9.99%
- 10Y*
- —
FBTC.TO
- 1D
- 0.44%
- 1M
- -2.44%
- 6M
- -32.82%
- YTD
- -24.22%
- 1Y
- -43.09%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
FCUD.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCUD.TO Fidelity U.S. High Dividend ETF | 14.75% | -5.65% | 22.63% | 8.12% | 0.48% | 6.04% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.22% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between FCUD.TO and FBTC.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.22 |
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Return for Risk
FCUD.TO vs. FBTC.TO — Risk / Return Rank
FCUD.TO
FBTC.TO
FCUD.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend ETF (FCUD.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.
| FCUD.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.84 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.82 | +1.20 |
| Martin ratioReturn relative to average drawdown | 0.87 | -1.28 | +2.15 |
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Drawdowns
FCUD.TO vs. FBTC.TO - Drawdown Comparison
The maximum FCUD.TO drawdown since its inception was -38.79%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCUD.TO and FBTC.TO.
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Drawdown Indicators
| FCUD.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -70.77% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -52.71% | +38.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -52.71% | +36.58% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -48.26% | +46.72% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -31.38% | +26.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 33.71% | -27.59% |
Volatility
FCUD.TO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 10.29%. This indicates that FCUD.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
| FCUD.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 10.29% | -8.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 33.54% | -27.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 43.74% | -31.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 52.10% | -38.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 52.10% | -34.28% |
FCUD.TO vs. FBTC.TO - Expense Ratio Comparison
FCUD.TO has a 0.35% expense ratio, which is lower than FBTC.TO's 0.40% expense ratio.
Dividends
FCUD.TO vs. FBTC.TO - Dividend Comparison
FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, 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% |
FCUD.TO Fidelity U.S. High Dividend ETF | 2.46% | 3.13% | 2.15% | 2.45% | 2.72% | 2.16% | 4.10% | 2.90% | 1.01% |
Frequently Asked Questions
FCUD.TO and FBTC.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUD.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUD.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for FBTC.TO.
FCUD.TO is categorized as Dividend, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.35% for FCUD.TO and 0.40% for FBTC.TO.
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