FSOL vs. FBTC

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both Cryptocurrency funds from Fidelity. FSOL is actively managed, while FBTC is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

FSOL vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) 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, FSOL achieves a -41.01% return, which is significantly lower than FBTC's -25.34% return.

FSOL

• 1D: -4.73%
• 1M: -14.55%
• YTD: -41.01%
• 6M: -48.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBTC

• 1D: -2.65%
• 1M: -18.37%
• YTD: -25.34%
• 6M: -29.78%
• 1Y: -38.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSOL vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
FBTC Fidelity Wise Origin Bitcoin Fund	-25.34%	-5.77%

Correlation

The correlation between FSOL and FBTC is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.89

Return for Risk

FSOL vs. FBTC — Risk / Return Rank

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

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.

FSOL vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FSOL	FBTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.30	-1.29

Drawdowns

FSOL vs. FBTC - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, roughly equal to the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FSOL and FBTC.

Drawdown Indicators

	FSOL	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-49.33%	-1.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.33%	—
Current Drawdown Current decline from peak	-50.54%	-48.00%	-2.54%
Average Drawdown Average peak-to-trough decline	-29.21%	-16.01%	-13.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.41%	—

Volatility

Volatility by Period

	FSOL	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	43.61%	+28.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	50.13%	+21.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	50.13%	+21.52%

FSOL vs. FBTC - Expense Ratio Comparison

Both FSOL and FBTC have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FSOL vs. FBTC - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, while FBTC has not paid dividends to shareholders.

Position	TTM
FBTC Fidelity Wise Origin Bitcoin Fund	0.00%
FSOL Fidelity Solana Fund	2.03%

Frequently Asked Questions

Can I hold both FSOL and FBTC in my portfolio?

FSOL and FBTC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSOL or FBTC?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSOL or FBTC?

FSOL and FBTC have the same expense ratio: 0.25% per year.

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

FSOL has the higher dividend yield at 2.03%, compared with 0.00% for FBTC.