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

Correlation

The correlation between GBTC and FBTC is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

GBTC vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (FBTC). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
81.67%
100.00%
GBTC
FBTC

Key characteristics

Sharpe Ratio

GBTC:

0.44

FBTC:

0.74

Sortino Ratio

GBTC:

1.00

FBTC:

1.37

Omega Ratio

GBTC:

1.12

FBTC:

1.16

Calmar Ratio

GBTC:

0.71

FBTC:

1.43

Martin Ratio

GBTC:

1.56

FBTC:

3.15

Ulcer Index

GBTC:

15.81%

FBTC:

12.84%

Daily Std Dev

GBTC:

55.75%

FBTC:

54.63%

Max Drawdown

GBTC:

-89.91%

FBTC:

-28.21%

Current Drawdown

GBTC:

-12.74%

FBTC:

-12.40%

Returns By Period

In the year-to-date period, GBTC achieves a -0.14% return, which is significantly lower than FBTC's 0.22% return.


GBTC

YTD

-0.14%

1M

6.02%

6M

36.08%

1Y

29.91%

5Y*

54.15%

10Y*

N/A

FBTC

YTD

0.22%

1M

6.18%

6M

36.91%

1Y

46.26%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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


Risk-Adjusted Performance

GBTC vs. FBTC — Risk-Adjusted Performance Rank

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

GBTC
The Risk-Adjusted Performance Rank of GBTC is 7070
Overall Rank
The Sharpe Ratio Rank of GBTC is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 6767
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 6363
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 7979
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 7070
Martin Ratio Rank

FBTC
The Risk-Adjusted Performance Rank of FBTC is 7878
Overall Rank
The Sharpe Ratio Rank of FBTC is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTC is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FBTC is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FBTC is 8989
Calmar Ratio Rank
The Martin Ratio Rank of FBTC is 7575
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for GBTC, currently valued at 0.44, compared to the broader market-2.00-1.000.001.002.003.00
GBTC: 0.44
FBTC: 0.74
The chart of Sortino ratio for GBTC, currently valued at 1.00, compared to the broader market-6.00-4.00-2.000.002.004.00
GBTC: 1.00
FBTC: 1.37
The chart of Omega ratio for GBTC, currently valued at 1.12, compared to the broader market0.501.001.502.00
GBTC: 1.12
FBTC: 1.16
The chart of Calmar ratio for GBTC, currently valued at 0.71, compared to the broader market0.001.002.003.004.005.00
GBTC: 0.71
FBTC: 1.43
The chart of Martin ratio for GBTC, currently valued at 1.56, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
GBTC: 1.56
FBTC: 3.15

The current GBTC Sharpe Ratio is 0.44, which is lower than the FBTC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of GBTC and FBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.44
0.74
GBTC
FBTC

Dividends

GBTC vs. FBTC - Dividend Comparison

Neither GBTC nor FBTC has paid dividends to shareholders.


TTM20242023202220212020201920182017
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 -28.21%. Use the drawdown chart below to compare losses from any high point for GBTC and FBTC. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.74%
-12.40%
GBTC
FBTC

Volatility

GBTC vs. FBTC - Volatility Comparison

Grayscale Bitcoin Trust (BTC) (GBTC) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 16.51% and 16.58%, 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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.51%
16.58%
GBTC
FBTC