FIDU vs. FBTC
FIDU (Fidelity MSCI Industrials Index ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, FIDU returned 21.56% vs -44.55% for FBTC. Their 0.34 correlation means their historical movements had little consistent relationship. FIDU charges 0.08%/yr vs 0.25%/yr for FBTC.
Performance
FIDU vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, FIDU achieves a 16.05% return, which is significantly higher than FBTC's -28.23% return.
FIDU
- 1D
- 0.83%
- 1M
- -3.08%
- 6M
- 7.73%
- YTD
- 16.05%
- 1Y
- 21.56%
- 3Y*
- 18.89%
- 5Y*
- 13.30%
- 10Y*
- 14.03%
- ALL TIME*
- 12.64%
FBTC
- 1D
- -2.93%
- 1M
- 2.22%
- 6M
- -25.08%
- YTD
- -28.23%
- 1Y
- -44.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $183.96M | $200.45M | $239.07M | |
| $8.05M | $8.74M | $9.96M |
FIDU vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIDU Fidelity MSCI Industrials Index ETF | 16.05% | 18.61% | 18.70% |
FBTC Fidelity Wise Origin Bitcoin Fund | -28.23% | -6.56% | 94.28% |
Correlation
The correlation between FIDU and FBTC is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.34 |
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Return for Risk
FIDU vs. FBTC — Risk / Return Rank
FIDU
FBTC
FIDU vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) 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.
| FIDU | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.83 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.87 | +2.48 |
| Martin ratioReturn relative to average drawdown | 6.39 | -1.34 | +7.72 |
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Drawdowns
FIDU vs. FBTC - Drawdown Comparison
The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum FBTC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FIDU and FBTC.
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Drawdown Indicators
| FIDU | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -53.35% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -53.35% | +41.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | — | — |
Current DrawdownCurrent decline from peak | -4.41% | -50.01% | +45.60% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -18.17% | +13.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 34.63% | -31.54% |
Volatility
FIDU vs. FBTC - Volatility Comparison
The current volatility for Fidelity MSCI Industrials Index ETF (FIDU) is 5.09%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 9.07%. This indicates that FIDU 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
| FIDU | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 9.07% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 33.70% | -18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 44.36% | -26.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 49.47% | -31.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 49.47% | -29.10% |
FIDU vs. FBTC - Expense Ratio Comparison
FIDU has a 0.08% expense ratio, which is lower than FBTC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FIDU vs. FBTC - Dividend Comparison
FIDU's dividend yield for the trailing twelve months is around 0.95%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIDU Fidelity MSCI Industrials Index ETF | 0.95% | 1.02% | 1.42% | 1.42% | 1.48% | 1.12% | 1.28% | 1.73% | 1.99% | 1.60% | 1.63% | 1.98% |
Frequently Asked Questions
FIDU and FBTC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (9.07%) compared to FIDU (5.09%). In terms of maximum drawdown, FIDU dropped -42.31% vs FBTC's -53.35%.
On 1-year performance, FIDU leads with 21.56% vs -44.55% for FBTC. On fees, FIDU is cheaper at 0.08% per year. On volatility, FIDU has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIDU has performed better with a 21.56% return vs -44.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDU is cheaper with a 0.08% expense ratio, compared with 0.25% for FBTC.
FIDU has the higher dividend yield at 0.95%, compared with 0.00% for FBTC.
FIDU is categorized as Industrials Equities, while FBTC is Cryptocurrency. FIDU tracks MSCI USA IMI Industrials Index, while FBTC tracks Fidelity Bitcoin Reference Rate. Their fees differ too: 0.08% for FIDU and 0.25% for FBTC.
FIDU currently has the higher Sharpe Ratio (1.09 vs -1.05), 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.
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