FTEC vs. FBTC
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 37.50% vs -43.65% for FBTC. Their 0.39 correlation means their historical movements had little consistent relationship. FTEC charges 0.08%/yr vs 0.25%/yr for FBTC.
Performance
FTEC vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 22.53% return, which is significantly higher than FBTC's -27.08% return.
FTEC
- 1D
- 1.71%
- 1M
- 0.31%
- 6M
- 22.49%
- YTD
- 22.53%
- 1Y
- 37.50%
- 3Y*
- 29.49%
- 5Y*
- 18.32%
- 10Y*
- 23.79%
- ALL TIME*
- 21.60%
FBTC
- 1D
- 1.61%
- 1M
- 3.87%
- 6M
- -18.12%
- YTD
- -27.08%
- 1Y
- -43.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.12M | $202.75M | $237.85M | |
| $86.23M | $78.73M | $94.95M |
FTEC vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 22.53% | 22.11% | 30.81% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.08% | -6.56% | 94.28% |
Correlation
The correlation between FTEC and FBTC is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
FTEC vs. FBTC — Risk / Return Rank
FTEC
FBTC
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.
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.
| FTEC | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.84 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | -0.82 | +3.14 |
| Martin ratioReturn relative to average drawdown | 6.23 | -1.26 | +7.48 |
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Drawdowns
FTEC vs. FBTC - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum FBTC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FTEC and FBTC.
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Drawdown Indicators
| FTEC | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -53.35% | +18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -53.35% | +37.09% |
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 DrawdownCurrent decline from peak | -8.48% | -49.21% | +40.73% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -18.22% | +12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 34.76% | -28.72% |
Volatility
FTEC vs. FBTC - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 8.41%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 8.89%. 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.
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Volatility by Period
| FTEC | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 8.89% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 33.75% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.30% | 44.38% | -20.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 49.44% | -23.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 49.44% | -24.45% |
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 0.36%, 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 | 0.36% | 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
FTEC and FBTC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (8.89%) compared to FTEC (8.41%). In terms of maximum drawdown, FTEC dropped -34.95% vs FBTC's -53.35%.
On 1-year performance, FTEC leads with 37.50% vs -43.65% for FBTC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 8.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 37.50% return vs -43.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for FBTC.
FTEC has the higher dividend yield at 0.36%, compared with 0.00% for 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.
FTEC currently has the higher Sharpe Ratio (1.55 vs -0.99), 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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