GBTC vs. FBTC
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (FBTC).
FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or FBTC.
Correlation
The correlation between GBTC and FBTC is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GBTC vs. FBTC - Performance Comparison
Key characteristics
GBTC:
0.12
FBTC:
0.37
GBTC:
0.58
FBTC:
0.92
GBTC:
1.07
FBTC:
1.11
GBTC:
0.20
FBTC:
0.74
GBTC:
0.44
FBTC:
1.64
GBTC:
15.59%
FBTC:
12.37%
GBTC:
55.58%
FBTC:
54.46%
GBTC:
-89.91%
FBTC:
-27.42%
GBTC:
-21.87%
FBTC:
-21.65%
Returns By Period
The year-to-date returns for both investments are quite close, with GBTC having a -10.59% return and FBTC slightly higher at -10.37%.
GBTC
-10.59%
-0.65%
26.52%
4.76%
56.47%
N/A
FBTC
-10.37%
-0.52%
27.32%
17.82%
N/A
N/A
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Risk-Adjusted Performance
GBTC vs. FBTC — Risk-Adjusted Performance Rank
GBTC
FBTC
GBTC vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (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.
Dividends
GBTC vs. FBTC - Dividend Comparison
Neither GBTC nor FBTC has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBTC vs. FBTC - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for GBTC and FBTC. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. FBTC - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 16.56% and 16.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.