FIATX vs. FBTC
Compare and contrast key facts about Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and Fidelity Wise Origin Bitcoin Trust (FBTC).
FIATX is managed by Fidelity. It was launched on Nov 3, 1997. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Performance
FIATX vs. FBTC - Performance Comparison
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FIATX vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIATX Fidelity Advisor International Capital Appreciation Fund Class M | -5.00% | 18.07% | 8.84% |
FBTC Fidelity Wise Origin Bitcoin Trust | -22.13% | -6.56% | 99.56% |
Returns By Period
In the year-to-date period, FIATX achieves a -5.00% return, which is significantly higher than FBTC's -22.13% return.
FIATX
- 1D
- 3.57%
- 1M
- -9.08%
- YTD
- -5.00%
- 6M
- -5.60%
- 1Y
- 9.16%
- 3Y*
- 10.46%
- 5Y*
- 4.21%
- 10Y*
- 8.54%
FBTC
- 1D
- 0.56%
- 1M
- -1.49%
- YTD
- -22.13%
- 6M
- -42.09%
- 1Y
- -20.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FIATX vs. FBTC - Expense Ratio Comparison
FIATX has a 1.49% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Return for Risk
FIATX vs. FBTC — Risk / Return Rank
FIATX
FBTC
FIATX vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) and Fidelity Wise Origin Bitcoin Trust (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.
| FIATX | FBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | -0.44 | +0.94 |
Sortino ratioReturn per unit of downside risk | 0.84 | -0.37 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.12 | 0.96 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.36 | +0.96 |
Martin ratioReturn relative to average drawdown | 2.36 | -0.75 | +3.12 |
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
| FIATX | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | -0.44 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.36 | -0.03 |
Correlation
The correlation between FIATX and FBTC is 0.39, 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
FIATX vs. FBTC - Dividend Comparison
FIATX's dividend yield for the trailing twelve months is around 5.96%, while FBTC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIATX Fidelity Advisor International Capital Appreciation Fund Class M | 5.96% | 5.66% | 0.35% | 0.00% | 0.00% | 3.67% | 0.00% | 0.20% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIATX vs. FBTC - Drawdown Comparison
The maximum FIATX drawdown since its inception was -68.05%, which is greater than FBTC's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FIATX and FBTC.
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Drawdown Indicators
| FIATX | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -49.33% | -18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.52% | -49.33% | +34.81% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | — | — |
Current DrawdownCurrent decline from peak | -11.46% | -45.76% | +34.30% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -14.18% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 23.23% | -19.52% |
Volatility
FIATX vs. FBTC - Volatility Comparison
The current volatility for Fidelity Advisor International Capital Appreciation Fund Class M (FIATX) is 8.80%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 12.91%. This indicates that FIATX 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.
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Volatility by Period
| FIATX | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 12.91% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 36.78% | -23.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.75% | 45.27% | -25.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 51.16% | -32.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 51.16% | -33.32% |