FIDI vs. FBTC

Last updated Jun 24, 2026

FIDI (Fidelity International High Dividend ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, FIDI returned 24.00% vs -39.80% for FBTC. At a 0.26 correlation, their price movements are largely independent. FIDI charges 0.39%/yr vs 0.25%/yr for FBTC.

Performance

FIDI vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) 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, FIDI achieves a 7.55% return, which is significantly higher than FBTC's -28.83% return.

FIDI

• 1D: -0.58%
• 1M: -2.55%
• YTD: 7.55%
• 6M: 7.30%
• 1Y: 24.00%
• 3Y*: 18.77%
• 5Y*: 10.52%
• 10Y*: —

FBTC

• 1D: -3.16%
• 1M: -17.78%
• YTD: -28.83%
• 6M: -28.94%
• 1Y: -39.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIDI vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIDI Fidelity International High Dividend ETF	7.55%	39.34%	0.17%
FBTC Fidelity Wise Origin Bitcoin Fund	-28.83%	-6.56%	94.28%

Correlation

The correlation between FIDI and FBTC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.26

Return for Risk

FIDI vs. FBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIDI

FIDI Risk / Return Rank: 66
FIDI Sharpe Ratio Rank: 66
FIDI Sortino Ratio Rank: 63
FIDI Omega Ratio Rank: 63
FIDI Calmar Ratio Rank: 72
FIDI Martin Ratio Rank: 68

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: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIDI vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) 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.

	FIDI	FBTC	Difference
Sharpe ratio: Return per unit of total volatility	2.05	-0.90	+2.96
Sortino ratio: Return per unit of downside risk	2.80	-1.26	+4.06
Omega ratio: Gain probability vs. loss probability	1.36	0.86	+0.50
Calmar ratio: Return relative to maximum drawdown	3.47	-0.77	+4.23
Martin ratio: Return relative to average drawdown	12.08	-1.30	+13.38

FIDI vs. FBTC - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.05, which is higher than the FBTC Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of FIDI 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

FIDI vs. FBTC - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, smaller than the maximum FBTC drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for FIDI and FBTC.

Drawdown Indicators

	FIDI	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-52.07%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-52.07%	+45.11%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	—	—
Current Drawdown Current decline from peak	-3.47%	-50.43%	+46.96%
Average Drawdown Average peak-to-trough decline	-9.74%	-16.77%	+7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	30.54%	-28.55%

Volatility

FIDI vs. FBTC - Volatility Comparison

The current volatility for Fidelity International High Dividend ETF (FIDI) is 3.25%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 13.04%. This indicates that FIDI 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

	FIDI	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	13.04%	-9.79%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	34.56%	-25.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	44.18%	-32.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	50.08%	-35.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	50.08%	-31.38%

FIDI vs. FBTC - Expense Ratio Comparison

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

Dividends

FIDI vs. FBTC - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.19%, while FBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FBTC Fidelity Wise Origin Bitcoin Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIDI Fidelity International High Dividend ETF	4.19%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%

Frequently Asked Questions

Can I hold both FIDI and FBTC in my portfolio?

FIDI and FBTC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDI or FBTC?

FBTC has higher volatility (13.04%) compared to FIDI (3.25%). In terms of maximum drawdown, FIDI dropped -46.34% vs FBTC's -52.07%.

Which ETF is better, FIDI or FBTC?

On 1-year performance, FIDI leads with 24.00% vs -39.80% for FBTC. On fees, FBTC is cheaper at 0.25% per year. On volatility, FIDI has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDI or FBTC?

Over the 1-year period, FIDI has performed better with a 24.00% return vs -39.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDI or FBTC?

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

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

FIDI has the higher dividend yield at 4.19%, compared with 0.00% for FBTC.

What is the main difference between FIDI and FBTC?

FIDI is categorized as Foreign Large Cap Equities, while FBTC is Cryptocurrency. FIDI tracks Fidelity® International High Dividend Index, while FBTC tracks Fidelity Bitcoin Reference Rate. Their fees differ too: 0.39% for FIDI and 0.25% for FBTC.

Which has better risk-adjusted returns?

FIDI currently has the higher Sharpe Ratio (2.05 vs -0.90), 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.