FDRV vs. FBTC

Last updated Aug 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FDRV is a Technology Equities fund actively managed by Fidelity, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. FDRV is actively managed, while FBTC is passively managed. Over the past year, FDRV returned 21.47% vs -43.65% for FBTC. Their 0.41 correlation means their historical movements had little consistent relationship. FDRV charges 0.39%/yr vs 0.25%/yr for FBTC.

Performance

FDRV vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity Wise Origin Bitcoin Fund (FBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRV achieves a 9.64% return, which is significantly higher than FBTC's -27.08% return.

FDRV

• 1D: 0.74%
• 1M: -5.30%
• 6M: 8.32%
• YTD: 9.64%
• 1Y: 21.47%
• 3Y*: -2.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.71%

FBTC

• 1D: 1.61%
• 1M: 3.87%
• 6M: -18.12%
• YTD: -27.08%
• 1Y: -43.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FBTC Fidelity Wise Origin Bitcoin Fund	$185.12M	$202.75M	$237.85M
FDRV Fidelity Electric Vehicles and Future Transportation ETF	$89.45K	$140.01K	$198.80K

FDRV vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDRV Fidelity Electric Vehicles and Future Transportation ETF	9.64%	24.32%	-13.43%
FBTC Fidelity Wise Origin Bitcoin Fund	-27.08%	-6.56%	94.28%

Correlation

The correlation between FDRV and FBTC is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.41

Return for Risk

FDRV vs. FBTC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDRV

FDRV Risk / Return Rank: 32
FDRV Sharpe Ratio Rank: 31
FDRV Sortino Ratio Rank: 31
FDRV Omega Ratio Rank: 31
FDRV Calmar Ratio Rank: 33
FDRV Martin Ratio Rank: 32

FBTC

FBTC Risk / Return Rank: 2
FBTC Sharpe Ratio Rank: 2
FBTC Sortino Ratio Rank: 2
FBTC Omega Ratio Rank: 2
FBTC Calmar Ratio Rank: 2
FBTC Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDRV vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity Wise Origin Bitcoin Fund (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.

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.

	FDRV	FBTC	Difference
Sharpe ratio: Return per unit of total volatility	0.78	-0.99	+1.77
Sortino ratio: Return per unit of downside risk	1.20	-1.45	+2.65
Omega ratio: Gain probability vs. loss probability	1.15	0.84	+0.31
Calmar ratio: Return relative to maximum drawdown	1.14	-0.82	+1.97
Martin ratio: Return relative to average drawdown	2.98	-1.26	+4.24

FDRV vs. FBTC - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 0.78, which is higher than the FBTC Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of FDRV and FBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDRV vs. FBTC - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FDRV and FBTC.

Drawdown Indicators

	FDRV	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-53.35%	-10.54%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	-53.35%	+34.51%
Max Drawdown (3Y) Largest decline over 3 years	-45.42%	—	—
Current Drawdown Current decline from peak	-39.34%	-49.21%	+9.87%
Average Drawdown Average peak-to-trough decline	-42.10%	-18.22%	-23.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	34.76%	-27.54%

Volatility

FDRV vs. FBTC - Volatility Comparison

The current volatility for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is 7.75%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 8.89%. This indicates that FDRV 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.

Volatility by Period

	FDRV	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	8.89%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	22.53%	33.75%	-11.22%
Volatility (1Y) Calculated over the trailing 1-year period	27.71%	44.38%	-16.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	49.44%	-17.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.16%	49.44%	-17.28%

FDRV vs. FBTC - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than FBTC's 0.25% expense ratio.

Dividends

FDRV vs. FBTC - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.30%, while FBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FBTC Fidelity Wise Origin Bitcoin Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.30%	1.14%	0.43%	0.24%	0.33%	0.04%

Frequently Asked Questions

Can I hold both FDRV and FBTC in my portfolio?

FDRV and FBTC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or FBTC?

FBTC has higher volatility (8.89%) compared to FDRV (7.75%). In terms of maximum drawdown, FDRV dropped -63.89% vs FBTC's -53.35%.

Which ETF is better, FDRV or FBTC?

On 1-year performance, FDRV leads with 21.47% vs -43.65% for FBTC. On fees, FBTC is cheaper at 0.25% per year. On volatility, FDRV has been the lower-risk option at 7.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or FBTC?

Over the 1-year period, FDRV has performed better with a 21.47% return vs -43.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or FBTC?

FBTC is cheaper with a 0.25% expense ratio, compared with 0.39% for FDRV.

Which ETF pays a higher dividend yield, FDRV or FBTC?

FDRV has the higher dividend yield at 1.30%, compared with 0.00% for FBTC.

What is the main difference between FDRV and FBTC?

FDRV is categorized as Technology Equities, while FBTC is Cryptocurrency. Their fees differ too: 0.39% for FDRV and 0.25% for FBTC.

Which has better risk-adjusted returns?

FDRV currently has the higher Sharpe Ratio (0.78 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.