FCUH.TO vs. FBTC.TO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both exchange-traded funds - FCUH.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, FCUH.TO returned 11.42%/yr vs 31.16%/yr for FBTC.TO. At a 0.15 correlation, their price movements are largely independent. FCUH.TO charges 0.38%/yr vs 0.40%/yr for FBTC.TO.
Performance
FCUH.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUH.TO achieves a 10.30% return, which is significantly higher than FBTC.TO's -24.22% return.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 10Y*
- —
FBTC.TO
- 1D
- 0.44%
- 1M
- -2.44%
- 6M
- -32.82%
- YTD
- -24.22%
- 1Y
- -43.09%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
FCUH.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 9.08% | -6.43% | 5.60% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.22% | -10.85% | 137.16% | 145.80% | -61.34% | -20.46% |
Correlation
The correlation between FCUH.TO and FBTC.TO is 0.08, 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 (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.15 |
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Return for Risk
FCUH.TO vs. FBTC.TO — Risk / Return Rank
FCUH.TO
FBTC.TO
FCUH.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.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.
| FCUH.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.84 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | -0.82 | +2.27 |
| Martin ratioReturn relative to average drawdown | 4.41 | -1.28 | +5.69 |
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Drawdowns
FCUH.TO vs. FBTC.TO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, smaller than the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for FCUH.TO and FBTC.TO.
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Drawdown Indicators
| FCUH.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -70.77% | +25.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -52.71% | +45.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -52.71% | +36.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -48.26% | +46.97% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -31.38% | +25.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 33.71% | -31.34% |
Volatility
FCUH.TO vs. FBTC.TO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) is 2.55%, while Fidelity Advantage Bitcoin ETF (FBTC.TO) has a volatility of 10.29%. This indicates that FCUH.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
| FCUH.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 10.29% | -7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 33.54% | -27.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 43.74% | -31.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 52.10% | -36.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 52.10% | -31.96% |
FCUH.TO vs. FBTC.TO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is lower than FBTC.TO's 0.40% expense ratio.
Dividends
FCUH.TO vs. FBTC.TO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, 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% |
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 2.48% | 2.72% | 2.41% | 2.57% | 3.05% | 2.32% | 4.23% | 2.99% | 0.29% |
Frequently Asked Questions
FCUH.TO and FBTC.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO is cheaper with a 0.38% expense ratio, compared with 0.40% for FBTC.TO.
FCUH.TO is categorized as Dividend, while FBTC.TO is Cryptocurrency. Their fees differ too: 0.38% for FCUH.TO and 0.40% for FBTC.TO.
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