FSST vs. FBTC

Last updated Jun 4, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FSST is a Sustainable fund tracking the Russell 3000, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. FSST charges 0.59%/yr vs 0.25%/yr for FBTC.

Performance

FSST vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainability U.S. Equity ETF (FSST) and Fidelity Wise Origin Bitcoin Fund (FBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSST

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

FSST vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.23%
FBTC Fidelity Wise Origin Bitcoin Fund	-25.34%	-6.56%	99.56%

Correlation

The correlation between FSST and FBTC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.35

Return for Risk

FSST 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.

FSST vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) 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

	FSST	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	—	0.30	—

Drawdowns

Drawdown Indicators

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

Volatility

Volatility by Period

	FSST	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	—	43.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	50.13%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	50.13%	—

FSST vs. FBTC - Expense Ratio Comparison

FSST has a 0.59% expense ratio, which is higher than FBTC's 0.25% expense ratio.

Dividends

FSST vs. FBTC - Dividend Comparison

FSST's dividend yield for the trailing twelve months is around 0.14%, 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%
FSST Fidelity Sustainability U.S. Equity ETF	0.14%	0.19%	2.01%	0.68%	1.00%	0.34%

Frequently Asked Questions

Can I hold both FSST and FBTC in my portfolio?

FSST and FBTC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or FBTC?

On fees, FBTC is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSST or FBTC?

FBTC is cheaper with a 0.25% expense ratio, compared with 0.59% for FSST.

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

FSST has the higher dividend yield at 0.14%, compared with 0.00% for FBTC.

What is the main difference between FSST and FBTC?

FSST is categorized as Sustainable, while FBTC is Cryptocurrency. FSST tracks Russell 3000, while FBTC tracks Fidelity Bitcoin Reference Rate. Their fees differ too: 0.59% for FSST and 0.25% for FBTC.