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GBTC vs. FBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GBTCFBTC
Daily Std Dev60.20%60.94%
Max Drawdown-89.91%-17.24%
Current Drawdown-17.19%-17.24%

Correlation

-0.50.00.51.01.0

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

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%Jan 14Jan 21Jan 28Feb 04Feb 11Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
33.47%
30.38%
GBTC
FBTC

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Grayscale Bitcoin Trust (BTC)

Fidelity Wise Origin Bitcoin Trust

Risk-Adjusted Performance

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.


GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 3.71, compared to the broader market-2.00-1.000.001.002.003.003.71
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 3.92, compared to the broader market-4.00-2.000.002.004.003.92
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.46, compared to the broader market0.501.001.501.46
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.90, compared to the broader market0.001.002.003.004.005.002.90
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 24.18, compared to the broader market0.0010.0020.0030.0024.18
FBTC
Sharpe ratio
No data

GBTC vs. FBTC - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

GBTC vs. FBTC - Dividend Comparison

Neither GBTC nor FBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%
FBTC
Fidelity Wise Origin Bitcoin Trust
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 -17.24%. Use the drawdown chart below to compare losses from any high point for GBTC and FBTC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%Jan 14Jan 21Jan 28Feb 04Feb 11Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
-17.19%
-17.24%
GBTC
FBTC

Volatility

GBTC vs. FBTC - Volatility Comparison

Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 18.63% and 18.72%, 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.


10.00%12.00%14.00%16.00%18.00%20.00%22.00%Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
18.63%
18.72%
GBTC
FBTC