FTEC vs. FBTC

Last updated Jun 4, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, FTEC returned 60.87% vs -38.65% for FBTC. At a 0.39 correlation, their price movements are largely independent. FTEC charges 0.08%/yr vs 0.25%/yr for FBTC.

Performance

FTEC vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) 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, FTEC achieves a 31.89% return, which is significantly higher than FBTC's -25.34% return.

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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)

FTEC vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	30.25%
FBTC Fidelity Wise Origin Bitcoin Fund	-25.34%	-6.56%	99.56%

Correlation

The correlation between FTEC and FBTC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.39

Return for Risk

FTEC vs. FBTC — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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.

FTEC vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.

	FTEC	FBTC	Difference
Sharpe ratio: Return per unit of total volatility	2.97	-0.89	+3.86
Sortino ratio: Return per unit of downside risk	3.65	-1.23	+4.88
Omega ratio: Gain probability vs. loss probability	1.48	0.86	+0.62
Calmar ratio: Return relative to maximum drawdown	3.76	-0.79	+4.55
Martin ratio: Return relative to average drawdown	12.10	-1.36	+13.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTEC vs. FBTC - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.97, which is higher than the FBTC Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of FTEC 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.

Sharpe Ratios by Period

	FTEC	FBTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	-0.89	+3.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.30	+0.69

Drawdowns

FTEC vs. FBTC - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum FBTC drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for FTEC and FBTC.

Drawdown Indicators

	FTEC	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-49.33%	+14.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-49.33%	+33.07%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-1.49%	-48.00%	+46.51%
Average Drawdown Average peak-to-trough decline	-5.56%	-16.01%	+10.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	28.41%	-23.36%

Volatility

FTEC vs. FBTC - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.43%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 9.39%. This indicates that FTEC 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

	FTEC	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	9.39%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	34.38%	-18.24%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	43.61%	-22.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	50.13%	-24.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	50.13%	-25.44%

FTEC vs. FBTC - Expense Ratio Comparison

FTEC 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

FTEC vs. FBTC - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.32%, 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%
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FTEC and FBTC in my portfolio?

FTEC and FBTC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or FBTC?

FBTC has higher volatility (9.39%) compared to FTEC (6.43%). In terms of maximum drawdown, FTEC dropped -34.95% vs FBTC's -49.33%.

Which ETF is better, FTEC or FBTC?

On 1-year performance, FTEC leads with 60.87% vs -38.65% for FBTC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or FBTC?

Over the 1-year period, FTEC has performed better with a 60.87% return vs -38.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or FBTC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for FBTC.

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

FTEC has the higher dividend yield at 0.32%, compared with 0.00% for FBTC.

What is the main difference between FTEC and FBTC?

FTEC is categorized as Technology Equities, while FBTC is Cryptocurrency. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while FBTC tracks Fidelity Bitcoin Reference Rate. Their fees differ too: 0.08% for FTEC and 0.25% for FBTC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs -0.89), 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.