FXAIX vs. BTC-USD
FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, FXAIX returned 15.25%/yr vs 59.68%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
FXAIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FXAIX achieves a 8.42% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, FXAIX has underperformed BTC-USD with an annualized return of 15.25%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
FXAIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between FXAIX and BTC-USD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, FXAIX and BTC-USD have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
FXAIX vs. BTC-USD — Risk / Return Rank
FXAIX
BTC-USD
FXAIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and Bitcoin (BTC-USD). 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.
| FXAIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.80 | +3.72 |
| Martin ratioReturn relative to average drawdown | 13.57 | -1.42 | +14.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.95 | +3.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.20 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.87 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.13 | -0.32 |
Drawdowns
FXAIX vs. BTC-USD - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FXAIX and BTC-USD.
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Drawdown Indicators
| FXAIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -85.30% | +51.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -51.21% | +42.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -51.21% | +32.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -76.67% | +52.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -83.80% | +50.01% |
Current DrawdownCurrent decline from peak | -2.94% | -49.86% | +46.92% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -42.32% | +38.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 34.46% | -32.55% |
Volatility
FXAIX vs. BTC-USD - Volatility Comparison
The current volatility for Fidelity 500 Index Fund (FXAIX) is 3.81%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that FXAIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 11.59% | -7.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 34.53% | -25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 35.67% | -23.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 44.95% | -28.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 56.71% | -38.63% |
Frequently Asked Questions
FXAIX and BTC-USD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to FXAIX (3.81%). In terms of maximum drawdown, FXAIX dropped -33.79% vs BTC-USD's -85.30%.
FXAIX currently has the higher Sharpe Ratio (2.13 vs -0.95), 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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